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200901401 (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.s,c. 92601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security lnstnunent, "RESP A" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "fedemlly related mortgage loan" under RESP A. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Secmity Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the peliormance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in theCounty of HaU [Type of Recording ItU'isdiction] [Name of Recording Jurisdiction] Lot One (1), Paradise Lake Estates Third Subdivision, HaU County, Nebraska, according to the recorded plat thereof. which currently has the address of1430 South Gunbarrel Road [City] , Nebraska 68801 [Zip Code] [Street] ("Property Address"): Grand Island 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 ofthe 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 deferid generally the title to the Property against all claims and demands, subject to any encwnbrances of record. TIllS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifornl covenants with limited variations by jurisdiction to constitute a uniform secmity instrument covering real property. UNIFORM COVENANTS. Borrower arid Lender covenant and agree as follows: 1. Payment of Principal. Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in u.s. currency. However. if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instnunent be made in one or more of the following fonus, as selected by Lender: (a) cash;. (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, proVided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender nmy accept any payment or partial payment insUfficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on tUlapplied funds. Lender may hold such unapplied funds until Borrower makes ~Y1nent to bring the Loan current. If Borrower does 110t do so within a reasonable period of time, Lender shall elther apply such funds or return them to Borrower. If not applied earlier, such funds will NEBRASKA-Single Family-Fannie Mae/Freddie Mae UNIFORM INSTRUMENT 17213.CV (3/06) 03-1064 Form 3028 lIOI (pagel of 8 pages) Creative Thlnking,lnc. GOTO(OOI46f.la)