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200213677 Dreg ulation that governs the same subject matter. As used in this Securitylnstrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) `Successor in Interest of Borrower"mcans any party that has taken title to the Property, whether or not that partyhas assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security hmwwnent secures rolxnder. (0 the repaymentofthe Load, and all renewals,extensions and modificationsof the Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grams and eonvcys u, Trustee, in trust, with power ofsale, the Following described property located in the County _ ____ of hall [Type of Recording Jurisdictions [Name of Recording Jurisdtcions A TRACT OF LAND LOCATED IN THE SE 1/4 OF SECTION 24, TOWNSHIP 9 NORTH, RANGE 12 WEST OF THE 6111 P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SW CORNER OF SAID SE 1/4 THENCE S 89 DEGREES, 59 MINUTES, 34 SECONDS E (ASSUMED BEARING) ALONG THE SOUTH LINE OF SAID SE 114 A DISTANCE OF 449.28 FEET TO THE FAST LINK OF DENMAN ROAD AND PLACE OF BEGINNING, THENCE CONTINUING S 89 DEGREES, 59 MINUTES, 34 SECONDS E ALONG SAID SOUTH LINE A DISTANCE OF 864.91 FEET TO THE SE CORNER Ok THE SW 1/4 SE 1/4 OF SAID SECTION 24, THENCE N 00 DEGREES, 39 MINUTES, 27 SECONDS W A DISTANCE. OF 1076.82 FEET TO THE EAST LINE OF DENMAN ROAD, THENCE S 38 DEGREES, 17 MINUTES, 26 SECONDS W ALONG SAID FAST LINE A DISTANCE OF 1304.88 FEET TO THE BEGINNING OF A CURVE CONCAVE TO THE NORTHWEST SUBTENDED BY A RADIUS OF 1164.82 FEET, THENCE ALONG SAID CURVE THE CHORD OF WHICH BEARS S 39 DEGREES, 58 MINUTES, 22 SECONDS W AN ARC DISTANCE OF 68.48 FEET TO THE PLACE OF BEGINNING. which currently has the address of 14375 W Denman Road [Sweet] Kenesaw , Nebraska 68956 _ ( "Property Address"): [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on are property, and all easements, appurtenances, and fixtures now or hereafter a Part of the property. All replacements and additions shall also he covered by this Security Instrument. All of da foregoing is referred to in thus Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the tight to want and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title W the Property against all claims and demands, subject to any encuonbmnccs of record. TIES SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by Poisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Burrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Tnswumentshall he made in U.S. currency. However, if any check or other instrument inner ved bylender as payment under the Note or this Security Instrument is returned to Lender unpaid. Lender may require that any or all ,uhmquent payments due after the Note and this Security Instrument he made in one or more of the following forms, as selected by Lender: (a) cash: (b) money older. (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, inswumcnaluly ur entity; or (d) Electronic Funds Transfer. Payments are deemed received by tender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are i Isom cient to bring the IDan current - Lander may accept any payment or partial payment insufficient to hi sng the Loan curt ent. without waiver of any rights hereunder or prejudice to its rights to refuse Stich payment or partial payments in the future, but Tender is not obligated to apply such payments at the tune such payments are accepted. Ifeach Periodic Payment is applied as of its scheduled due date. then Lender need not pay interest on unapplied hinds. Tender may hold such unapplied funds until Borrower makes payment to bring the loan current If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds of return them to Borrenvcr. It not applied curlier, such funds will he applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Nun; and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note: (b) principal due under the Note; (c) amounts duc under Section 3. Such payments shall he applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEERASEA Single Famil, FalMae/Freddte Mac UNIFORM INSTRUMENT Fnrm9028 1/01 Ipagr2ojN page,) 1195,1110 /IL) 1111111 Go uxannmsss