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200214474 or regulation that governs the same subject matter. As used in Ibis Security Instrument, "RESPA" refers to all regearearnts and restrictions that are imposed in regard to a " federally iclatwl mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means airs panto I'nat has taken tide to the Property, whether or not that party has assumed Borrower's obligations under the Note and /or ihi, Seoul try Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repaynwnt of the Loan, and all renewals, extensions and modifications of the Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and cc) nvcys to Truster, in trust, with power of sale, the following described property located in the County of Hall [Typeof Recording IuiiadickionI !Name of Rewording Jurisdiction] Lot Thirteen (13), in Westwood Park Fifth Subdivision in the City of Grand Island, Hall County, Nebraska. which currendyhas the address of4125 Elmwood DI IStr out I Grand Island , Nebraska 685113 ( "Property Address "): [City] ]Zip Code] TOGETHER WITH all the improvements now of hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is refirrorl to in this Security Instrument as the' Property:' BORROWER COVENANTS that Borrawcr is lawfully seized of the estate hereby conveyed and has the i ight to grant and convey the Property and that the Propelth I. uncn vmbcred, 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 SECURITY INSTRUMENT combines on, fa at covenants for national use and current form covenants with limited variations by j urisdiction no constitute uniform s<cur9y instrument covering real property. UNIFORM COVENANTS. Borrower Lou lender coven ant 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 Instrument shall be made in U.S. cut encN However, ifany check or other instrument received by Lender as payment under the Note or this Security Instrument ]a returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Secur'dy Instrument be made in one or more of the fallowing forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an instiwtiou whose deposits are Insured by a federal agency, instramentaity, m entity; or ob Electronic Funds Transfer. Payments are deemed received by Lcndcr tchcn rcceieed at the location designated in the Note or at such ahe, location as may be designated by Lender in accordance with the notiuo provisions in Section 15. Lender may return any payment or partial payment if the payment a partial puymurcs ore insufficient to bring the Loan current Lender mayaceept any paymentor partial payment insufficient to brims the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the fur, e, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on reapplied funds. Lender may hold such unapplied lands until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of floe, Lander shall either apply such funds or return them m Borrower. If not applied earlier, such funds will be appl Icd to the outstanding principal balance under the Now immediately prior to foreclosure. No offset or claim which Bornnvcr mieht have now or in the future against Lender shall relieve Borrower from making payments due under the Nate and this Security Instrument or performing the covenants and agreements secured by this Security Instrument, 2. Application of Payments or Proceeds. Fe. ept as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the lohowing order of priority: (a) interest due under the Note: (b) principal due under the Note; (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 eonunts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then m rcducc the principal balance of the Note, NEa1lASKA— Single Family-- FannieMasTreddie Mcs UNIFORM IN'S'rKUN1ENT Form3028 1 /01 (poRr�P(xpnR ✓/ 9754 ZV(1 /02) 1629237