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200900399 THENCE NORTH 83 DEGREES 421/2 MINUTES EAST, THREE HUNDRED THIRTY-ONE AND FOUR TENTHS (331.4) FEET, TO A POINT ON THE EAST LINE OF SAID LOT TEN (10); RUNNING THENCE NORTH 0 DEGREES 50 1/2 MINUTES WEST, ALONG THE EAST LINE OF SAID LOT TEN (10), ONE HUNDRED EIGHTEEN AND FOUR TENTHS (118.4) FEET; RUNNING THENCE NORTH 79 DEGREES 03 1/2 MINUTES EAST, ONE HUNDRED FIFTY~ FOUR (154.0) FEET, TO A POINT ON THE NORTHEASTERLY LINE OF LOT NINE (9), RUNNING THENCE NORTH 39 DEGREES 55 1/2 MINUTES WEST, ALONG THE NORTHEASTERL Y LINE OF SAID LOT NINE (9), TWO HUNDRED FORTY (240.0) FEET, TO THE PLACE OF BEGINNING, EXCEPT A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED DATED JUNE 17, 1991 AND RECORDED JUNE 18, 1991 AS DOCUMENT NO. 91-103829 OF THE RECORDS OF HALL COUNTY, NEBRASKA. Parcel ID/Sidwell Number: 400083930 TOGETHER WITH all the improvements now or 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 referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, 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. Borrower and Lender covenant and agree as follows: Payment of Principal and Interest; Other Charges. Borrower shall promptly pay when due the principal of and interest on the debt owed under the Contract and late charges or any other fees and charges due under the Contract. Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. At the request of Lender, Borrower shall promptly furnish to Lender receipts evidencing the paymcnts. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith thc lien by, or defends against enforcement of the lien in, legal proceedings which in thc Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating thc lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property in accordance with section titled Protection of Lender's Rights in the Property. All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to (:) 2004-2007 Copyright C~lI't1plill.noe Systems. Inc. D81 A-C83A - 2008.02.266 Consumer Real Estilte - Security Instrument DL2036 r.gc2 of7 www.complianccsystcms.com BOO-968-B522. F.. 616-956-1868