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<br />200610199
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the. . . . ... . . . . .. . .. . . . . . . . . . . . . . ... ...... . .. . . . . . . . . . . . . . . . C.OU.N1.Y. . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . . .. . .. .. . . . . . . . . . . . . . . . . . . . . . . .. of
<br />(Type of Recording Jurisdiction)
<br />
<br />. HAMILT.QN.................................................................................:
<br />(Name of Recording Jurisdiction]
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<br />THE NORTH FIFTY FOUR (N54) FEET OF LOTS NINE 19) AND TEN (lDlIN BLOCK THIRTY FIVE (35), CHARLES WASMER'S ADDITION TO THE CITY OF
<br />GRANO ISLAND. HALL COUNTY, NEBRASKA.
<br />
<br />~.,..
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<br />which currently has the address of........................................ ~.1~.~.QW.l:~.MP.~RQ~.~.l:8~.E.T..........................................
<br />(Street!
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<br />......................... ~.8MIP '~.L.4NO.........................., Nebraska.................. .68.80.1..................... ("Property Address"):
<br />[City! [Zip Code]
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />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 to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and
<br />will defend gencrally the title to the Property against all claims and demands, subject 10 any encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-unifonn covenants with limited
<br />variations by jurisdiction to constitute a unifonn security instrwnent covering real property.
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<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 pay
<br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due
<br />under the Note. Borrower shall also pay funds for Escrow Items pursuant 10 Section 3. Payments due under the Note and this
<br />Security Instrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment
<br />under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent
<br />payments due under the Note and this Security Instrument be made in one or more of the following fonns, as selected by
<br />Lender: (a) cash; (b) money order; (c) ccrtified check, bank check, trcasurer's check or cashier's check, provided any such
<br />check is drawn upon an institution whose deposits are insured by a federal agency, instrumelll.ality, or entity; or (d) Electronic
<br />Funds Transfer.
<br />Payments are deemed received by I ender when received at the location designated in the Note or at such other location
<br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or
<br />partial payment if the payment or partial payments arc insufficient to bring the Loan current. Lender may accept any payment
<br />or partial payment insufficient to bring thG Loan current, without waiver of any rights hereunder or prejudice to its rights to
<br />refuse such payment or partial payments iri the future, but Lender is not obligated to apply such payments at the time such
<br />payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on
<br />unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower
<br />does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not
<br />applied earlier, such funds will be applied"tci the outstanding principal balance under the Note immediately prior to foreclosure.
<br />No offset or claim which Borrower might .have now or in the future against Lender shall relieve Borrower from making
<br />payments due under the Note and this SecUfi,y Instrument or performing the covenants and agreements secured by this Security
<br />Instrument.
<br />2. Application of Payments or Pro~eds. Except as otherwise described in this Section 2, all payments accepted and
<br />applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under
<br />the Note; (c) amounts due under Scction 3. Such payments shall be applied to each Periodic Payment in the order in which it
<br />became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due undcr this Seeurity
<br />Instrument, and then to reduce the principal balance of the Note.
<br />If Lender reccives a payment from Borrower for a dclinquent Periodic Payment which includes a sufficient amount to
<br />pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic
<br />Payment is outstanding, Lcnder may apply any payment received from Borrower to the repayment of the Periodic Payments if,
<br />and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the
<br />full payment of one or more Periodic Payments, such excess may be applied to any late charges dUe. Voluntary prepayments
<br />shall bc applied first to any prepayment charges and then as described in the Note.
<br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principa~ due urrderllIe NoTe shall not
<br />exteooHt-prnltpone the due date, or change theamount, of the Periodic Payments.
<br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until
<br />.the NO!-e is paid in full, a sum (the "J.:;'!l-uds") to provide for paymcnt of amounts due for:Ea) taxes and assessments r.nd other
<br />itcms which can altain priority over this Security Instrument as a lien or encumbrance on Lhe Property; (b) leasehold payments
<br />or ground rents on the Property, if any; (c) premiwns for any and all insurance required by Lender under Section 5; and (d)
<br />Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. These items arc called "Escrow Items." At origination or
<br />at any time during the tenn of thc Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any,
<br />be escrowed by Borrower, and such dues, fees and asscssments shall be an Escrow Item. Borrower shall promptly furnish to
<br />Lcnder all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless
<br />Lendcr waives Borrower's obligation to paYlhe Funds for any or all Escrow Items. Lender may waive Borrowcr's obligation
<br />to ray to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such
<br />waLver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of
<br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within
<br />such time period as Lender may require. Borrower's obligation to make such payments and to provide reccipts shall for all
<br />purposes be deemed to be a covenant alK: agreement contained in this Security Instrument, as the phrase "covenant and
<br />agrecment" is used in Section 9. If Borro'.,k'.~r is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower
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<br />NEBRASKA-Single Family-Fannie MaefFreddi~,b'lac UNIFORM INSTRUMENT
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<br />Form 3028 1/01
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<br />Banko,. Systom., Ino" St. Cloud. MN Form MD-1-NE 8/17/200J
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<br />(paRe 2 of 7 pages) D [) f-,-
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