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200312073
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (1) the repayment of the Loan, and all renewals, extensions and modifications of the
<br />Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, intrust, with power of sale, the following described property located in
<br />the amoo eoo Ing uns ion
<br />ypeo eco Ing uns Ion
<br />LOT 5I% (6) IN ABRAfIAM50 N'S SUBDf VI S ION OF BLOCK FORTY - TWO (62) CHARLES
<br />WA 5 M E R'5 S E C 0 NB ADO IT I ON TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which currently has the address of 1 b Z 3 w E I
<br />ree
<br />G R A N D I S L A N D _,Nebraska 6 8 8 0 1 ( "Properly Address "):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the propertyy, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All
<br />of the foregoing is referred to in this Security Ilnstrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully selsed of the estate herebfy conveyed and has the right to grant and
<br />generally the title to the Property against all claims and bdemands, except ubjec to any encumbrarncce of Borrower warrants and will defend
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
<br />variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENAt
<br />1. Payment of Prin<
<br />when due the principal of, and
<br />the Note. Borrower shall also
<br />Instrument shall be made in U
<br />orthis Security Instrument is r
<br />be
<br />rrowor and Lender covenant and
<br />Iterest' Escrow Items, Prepl
<br />on, the debt evidenced by the N
<br />Ids for Escrow Items pursuant Ill
<br />,nay However, i any check or of
<br />to Lender unpaid, Lender may re
<br />in one or more of the following
<br />is check or cashier's check, pI
<br />cy, instrumentality, or entity; or (I
<br />I by Lender when received at the
<br />n aria with the notice provisio
<br />I as or Us scnecu
<br />Borrower makes
<br />either apply such
<br />Charges, and Late Char es. Borrower shall pay
<br />any prepayment charges andlate charges due under
<br />T 3. Payments due under the Note and this Security
<br />as selected by Lender: (a) cash; (b) money of
<br />any such check is drawn upon an Institution
<br />location designated in the Note or at such other location as
<br />R in Section 15. Lender may return any payment or partial
<br />e Loan current. Lender may accept any payment or partial
<br />is hereunder or prejudice to its rights to refuse such payment
<br />h payments at the time such payyments are accepted. IF each
<br />need not pa interest an unapplied funds. Lender may hold
<br />o current. If Borrower does not do so within a reasonable
<br />rower. It not applied earlier, such funds will be applied to the
<br />>surc. No offset or claim which Borrower might have now or
<br />Tents due under the Note and this Security Instrument or
<br />2. Application of Payyments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and
<br />applied by Lender shall be appled in the following order of priont� (a) Interest due under the Note; (b) principal due under the Note,
<br />An amounts due under Section 3. Such payments shall be app led to each Periodic Payment in the order In which it became due.
<br />Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and
<br />then to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower for a delinquent Penodic Payment which includes a sufficient amount to pay any
<br />late charge due, the payment may be applied to the delinquent payment and the late chargge. If more than one Periodic Payment Is
<br />outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments it and to the extent
<br />that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or
<br />more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any
<br />prepayment charges and then as described in the Note.
<br />Any appplication of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate shall not extend
<br />or postpone the due date, or change the amount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the da Periodic Payments are due under the Note, until the
<br />Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due i, r: (a) taxes and assessments and other items which
<br />can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on
<br />the Property, it any; (c) premiums for any and all insurance required by Lander under Section 5; an(d) Mortgage Insurance
<br />premiums, i any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance
<br />with The provisions of Section 10. These Items are called "Escrow Items." At origination or at any time during the term of the Loan,
<br />Lender may require that Community Association Dues, Fees, and Assessments, If any, be escrowed by Borrower, and such duos,
<br />fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under
<br />this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for
<br />any or all Escrow Items. Lender may waive Borrowers obligation to pay to Lender Funds for any or all Escrow Items at an time Any
<br />such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly wit and where payable, the amounts
<br />ir
<br />u due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shaif furnish to Lender
<br />receipts evidencing such ppayment within such time period as Lender may requve. Borrower's obligation to make such payments and
<br />to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as unt
<br />phrese "covenant and agreement" Is used in Section 9. If Borrower is obligated to pay Escrow Items directlyy, pursuant to a waiver,
<br />and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount
<br />and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any
<br />ar all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to
<br />Lender all Funds, and in such amounts, (hat are then required under this Se tio 3
<br />L . nde r M a , a t any lime, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds of the time
<br />amount of Funds due onathe bests of current data ndxreasonabla estimates of expenditures of f RE a Escow Rem. or o herwise Inn
<br />accordance with Applicable Law. -A
<br />NCBRASRA -Singh Femlly- Fermin MCYFNtlie Mn, UNIFORM INSTRUMENT FORM 9VR[N1n( .." dtrap —) A'�
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