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200214195 or regulation that governs the same subject matter. As used in this Security Instrument, "RESP A" refers to all requirement, 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" means any party that has taken ti tc to the Property, whether a not that panyha, assumed Borowcr's obligations under the Note and/or this Security Instrument TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender- (i) the repayment of the Loan, and all renewals, extensions and modificanons of the Note; and (ii) the performance of Borrower's covenants and agrccmcnts under this Security Instrument and the Note. For this purpose, Burrower irrevocably grants and conveys to Trustee, in trust, with power nfsale, the Cc bowing described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] The South Thirty Six (36) Feet of Lot Five (5) and the North Thirty Six (36) Feet of Lot Four (4), in Block Two (2), in Heyde's Addition to the City of Grand Island, Hall Cminty, Nebraska. which currently has the address of227 & 229 S Syeam_ore [Street] Nebraska 68801 (-'Property Address "): [Zip Code] Grand Island [City] TOGETHER WITH all the improvements now or hereafter erected on the pproperty, and all easements, appurtenances, and fixtures now or hereafter a partofthe property. Allreplacemcntsandadditions shall also be eeveredley this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property" BORROWER COVENANTS that Borrower is lawfully seized ofthe estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURI'T'Y INSTRUMENT combines uniform covenants far national use and nun -uni Conn covenants with limited variations byjurisdiclion to constitute a uniform security instrument covering real property UNIFORM COVENANTS. Borrower 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 lnstrumcnlshall ber adein U.S. currency. However, fany check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Iznder unpaid, Lender may require that any or all subsequent payments due under the Note and this Secnrity Instrument be made in one or more of the following ferns, as selected by Lender: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a fecleral agency, instrumentality, or entity; or (d) Electronic Funds'1'ransfer. Payment, are deemed rcccivcd by Lender wllen 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 iflhe payment or partial payments are usulllcienf to bring the Loan current Lender mayaccept any payment or partial payment insufficient to bring the Loan current, without waiver ofany rights hereunder or prejudice to ihs rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. Ifeach Periodic Payment is applied as ofits scheduled due date, then Iznder need not pay interesionunappliedfunds. Lender may hold such unapplied funds and l Bon'ower stakes payment to bring the Loan current. ff Borrower does not do so within a reasonable period oftme, Lender shall either apply such funds or return them to Harrower. Ifnot applied earlier, such funds will be 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 relicvc Borrower from making payments due under the Note 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 Nom; (b) principal due under the Nam; (c) amounts due under Section 3. Such payments shall be 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. NE.RRASKA Single Pemily— Fannie Nee /Freddle Mac UN I FARM INS1 RIIMEN'I Furu,3028 1/01 /pnye?u/epoge,/ �nsaCV( 1 im) 1 il3117 B®Yll�