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200214062
<br />,,,regulation that governs the same subjectmaner. As used in this Security Instrument. "RESPA" refers to all requirements
<br />and restrictions that are imposed in regard to a "federally related mortgage l,,an" even if the loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures in lender: (I) the repayment of the and all renewals, extensions and modifications of
<br />the Note; and (it) the performance ,,f Borrower's covenants and agreements under this Security Instrument and the Note.
<br />For this purpose. Borrower irrevocably grants and conveys to Trustee, intrust, with power ofsale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdictionl
<br />One acre of ground in square form lying about Twenty (20) rods from the Northeast corner of Section Eleven
<br />(11), Township Twelve (12) North, Range Ten (10) West of the 6th P.M., said one acre having a North front
<br />on the North line of said Section and being the identical tract reconveyed to Grantor by Deed recorded in
<br />Book 159, Page 475 of the deed records of Hall County, Nebraska.
<br />which currently has the address of 4021 W Prairie Rd
<br />[Street]
<br />Grand Island _ Nebraska 68803 ( "Property Address "):
<br />[City] [Zip Code]
<br />JOGF.TITFR WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by
<br />this Securitylastrumenl. All of the foregoing is referred to in this Security Instrument as the "Property,"
<br />BORROWER COVENANTS that Borrower is lawfully seized of estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record, Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encmmbrances of
<br />record.
<br />THIS SECURITY IN S'FRUvIENT comhi re, urrhann covenants for national use and non uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNB'ORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />L Payment of Principal, Interest, Escrow Items, Prepay meal Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interesI on, the debt evidenced by the Note and any prepayment charges and lam charges
<br />due under the Nate, Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, if any check or other insuument recur see by lender
<br />as Payment under the Note or this Security instrument is returned t,, Lander unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as
<br />selected by lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) Electronic Funds Tmnst'er.
<br />Payments are deemed received by [coder when received at the location designated in the Note or at such other
<br />location as may, be designated by Lender in accordance with the notice provisions in Section 15. lender may return any
<br />payment or put real payment if the payment or par ti at payments meinsuffictent to bring the Loam aurent. Lendermayaccept
<br />any payment or Partial Payment insufficient to bring the loan current, without coal Vm of any rights net or pteiudiceto
<br />its nghts to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments Ill the
<br />time such payments are accepted. I each Periodic Payment is applied as of its scheduled due date, then Lender need ootpay
<br />interest on unapplied funds. Under may hold such mrapplied funds until Bon rower makes payment to bring the car current.
<br />If tlorrower does nut do so within a reasonable period of time. Lender shall either apply such funds or return them fo
<br />Borrower, If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately
<br />Eto f acclusure. No offset or claim which Borrower nooln have now or in the future against Lender shall relieve
<br />Bonrower from making payments due under the Note and &s Security Instrument or performing the covenants and
<br />agru:mcnts secured by this Security Instrument
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section?, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note,
<br />(b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied in each Periodic Payment
<br />in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other
<br />amounts due under this Security fnso amens, and their to reduce the or balance of the Note.
<br />NEBRASKA tiingl ,Fondly — FannieMae/Freddie Mac UNIFORM INST'RUMEN'T Flo 3028 Idol (pu,ge3rf8 pagrsl
<br />9754 C1 01021 16'4857
<br />GOTO(WOJbeca
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