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<br />200606473
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<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic Instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a l1nanciallnstitution to debll or credll an account. Such term
<br />includes, but is notlimlled to, polnt-of-sale transfers, automated teller machine transactions, transfers Initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those lIems that are described In Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (iI) condemnation or other taking of all or any part of the Property; (iil) conveyance In
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means Insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (iI) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ~2601 et seq.) and lis implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500). as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used In this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are Imposed In regard to a "federally related mortgage loan"
<br />even if the Loan does not quality as a "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
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (II) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, wllh power
<br />of sale, the following described property located in the
<br />COUNTY
<br />IType of Recording Jurisdiction]
<br />Lot Two (2), Block Two (2),
<br />A.P.N,: 400203049
<br />
<br />Hall
<br />[Name of Recording Jnrlsdlctlon]
<br />Fireside Estates, Hall County, Nebraska
<br />
<br />of
<br />
<br />whichcurrentlyhastheaddressof 3417 Graham Ave.
<br />
<br />[Streel]
<br />
<br />Grand Island
<br />[Cllyl
<br />
<br />, Nebraska
<br />
<br />68803
<br />[Zip Code]
<br />
<br />("Property Address"):
<br />
<br />TOGETHER 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
<br />covered by this Security Instrument. All of the 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
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />Iimlled variations by jurisdiction to constllute a uniform security Instrument covering real property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal , Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and Interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other
<br />Instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpald,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made In
<br />one or more of the following forms, as selected by Lender; (a) cash: (b) money order: (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposlls are insured
<br />by a federal agency, Instrumentality, or entity: or (d) Electronic Funds Transfer.
<br />
<br />NEBRASKA..Single Famlly--Fannle Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
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<br />Doe"'''fI'e ~ aOO-".-13'2
<br />www.docmllgic.eom
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