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<br />200511256
<br />
<br />, .
<br />
<br />which has the address of 3873 N ENGLEMAN RD
<br />IStreetl
<br />
<br />GRAND ISLAND
<br />(Cityl
<br />
<br />Nebraska 68803
<br />(Zip Codal
<br />
<br />I"Property Address");
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures
<br />now or hereafter a part of the property. All replacements end additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br />Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the
<br />title to the Property against all claims and demands, subject to any encumbrances of record.
<br />
<br />Borrower and lender covenant and agree as follows:
<br />
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the principal
<br />of and interest on ths debt evidenced by the Note end eny prepayment and latecherg.es. due UAder tbe Note.
<br />
<br />2. Funds for laxos and Insurance. At lender's request and subject to applicable law, Borrower shall pay to lender on the day
<br />monthly payments are due under tho Note, until the Note is paid in full, a sum ("Funds") for: la) yearly taxes and assessments which may
<br />attain priority over this Security Instrument as a lien on the Property; lb) yearly leasehold payments or ground rents on the Property, if
<br />any; lc) yearly hazard or property insurance premiums; Idl yearly flood insurance premiums. if any; (e) yearly mortgage insurance
<br />premiums, if any; and If! any sums payable by Borrower to Lender, in accordance with the provisions of paragraph 8, in lieu of the
<br />payment of mortgage insurance premiums. These items are called "Escrow Items." lender may, at any time, collect and hold Funds in an
<br />amount not to exceed the maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account
<br />under the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. ~ 2601 et seq. I"RESPA"1,
<br />unless another applicable law that applies to the Funds sets a lesser amount. If so, lender may, at any time, collect and hold Funds in an
<br />amount not to exceed the lesser amount. lender may ostimate tho amount of Funds due on the basis of current data and reasonable
<br />estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br />The Funds shall be hold in an institution whose deposits aro insurod by a fedoral agency, instrumentality, or entity lincluding lender,
<br />if lender is such an institution) or in any Federal Home loan Bank. lender shall apply the Funds to pay the Escrow Items. lender may not
<br />charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless lender
<br />pays Borrower interost on the Funds and applicable law permits lender to make such a charge. However, lender may require Borrower
<br />to pay a ono.time chargo for an independont roal estato tax reporting sorvico used by Lender in connection with this loan, unless
<br />epplicable law provides otherwise. Unless an agreement is made or applicable law requires interest to be paid, lender shall not be
<br />required to pay Borrower any interest or oarnings on tho Funds. Borrower and lender may agree in writing, however, that interest shall
<br />be paid on the Funds. lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to
<br />the Funds and the purposo for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured
<br />by this Security Instrument.
<br />If the Funds held by lender exceed the amounts permitted to be held by applicable law, Lendor shall account to Borrower for the
<br />excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by lender at any time is not
<br />sutticisnt to pay tho Escrow Items when due, londor may so notify Borrower in writing, and, in such case Borrower shall pay to Londor
<br />the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve monthly payments, at
<br />lender's sole discretion.
<br />Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund to Borrower any Funds held by
<br />lender. If, under paragraph 21, lender shall acquire or sell the Property, lender, prior to the acquisition or sale of the Property, shall
<br />apply any Funds held by lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument.
<br />
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by lender under paragraphs 1
<br />and 2 shall bo appliod: first, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2; third, to
<br />interest due; fourth, to principal due; and last, to any late charges due under the Note.
<br />
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which
<br />may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay theso obligations in
<br />the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on time directly to the person owed payment.
<br />Borrower shall promptly furnish to lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments
<br />directly, Borrower shall promptly furnish to lender receipts evidoncing the paymonts.
<br />
<br />By initialing, I acknowledge this is page 2 of 7
<br />of the Deed of Trust.
<br />
<br />@ Copyright Complianco Systoms.lno. 1993, 1994. 1995. 1997.2004
<br />ITEM 121NEL2 104081 Pogo 2 of 7
<br />
<br />D. S.
<br />
<br />Initials
<br />
<br />,
<br />Initia s
<br />
<br />Initials
<br />
<br />Initials:
<br />
<br />www.ccmplisncilsy.stems.com
<br />800.968.8522 Fax 616.956.1868
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