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200500070 - 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 performance of Borrowers covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, intrust, with power of sale, the following described property located in the ame o see Ing uns I Ion ypL O e3 . Ing uris Ic ton THE 5 1/2 OF LOT 3, AND ALL OF LOT 4, BLOCK 4, IN THE ORIGINAL TOWN OF CAIRO, HALL COUNTY, NEBRASKA. which currently has the address of 2 0 9 S U t t O rc t C l C A I R O ,Nebraska 6 8 8 2 4 ( "P rep roperty Address "): [GRY] [Zip Godej TOGETHER WITH all the Improvements now or hereafter erected on the propert yy, and all easements, appurtenances, and fixtures now or hereafter apart of the propeny. 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 herebyy conveyed and has the rigght to grant and generrally the title toy the that the against) all claims and demands,subjectto encumbrances of 6cord. r warrants and will defend THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lander covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charge when due the principal of, and interest on, the debt evidenced by the Note and my prepi the Note. Borrower shall also Say funds for Escrow Items pursuant to Section 3. Payl Instrument shall be made in U.S. currency. However, if any check or other instrument re orthis Security Instrument is returned to Lender unpaid, Lender may require that any or O b money oroer,) 7 and this Security Instrument be made In one or more of the following forms, as selected by Lender: a cash; O c certified check, bank check, treasurer's check or cashier's check, provi ded 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 Nola 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 N the payment or partial payments are insufficient to bring the Lon current. Lender may accept any payment or partial payment Insufficient to bring the Loan current, without waiver of any rights hereunder or pre udice to Its rights to refuse such payment or partial ppayments in the future, 6u1 Lender is not obligated to apply � such pa merits at the tme such paymerits are accepted. each Periodic Paymerit Is applied as of its scheduled due data, then Lender need not pa interest on unapplled funtls. Lender may hold such unapplied funds unlll Borrower makes ayment to bring the Loan current. It Borower does not do so within a reasonable period of time, Lender shall either appy such �unds or return them to Borrower. It not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to toraclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Nate and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Paymerits or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Secllon 3. Such payments shall be applied [o each Periodic Payment in iha order In which R became due. Any remaining amounts shall be applied first to late charges, sewnd to any other amounts due under this Securky instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay my late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lander may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can a paid In full. To the Went that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, then such excess may be a Nloe. to any late charges due. Voluntary prepayments shall be applied first to any Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lander on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds ") to provide for payment of amounts due for (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Propert ; (b leasehold pa is or ground rents on y rid d Mortgage Insurance the Propert, it any; (c) premiums for anyy and all insurance. required by Lender under action 5, O oramiums. 1 any, or any sums payable by Bcnewer to Lander In lieu of the payment of Mortgage Insurance premiums in accordance A, ,..I,.—n— nr et anv time donna the term of the Loan and Late Charges. Borrower shall ppay lent charges andlate charges due untler ots due under the Note and this Security to to pay the Funds for this Section. Borrower shall pay Lenuenne r. „ =—__-- •••• -••• -- -- - - - - -- any or all Escrow Items. Lender may waive Borrowers obligation to pay to Lender Funds for any a all Escrow ems a any Im . such Waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, t e amounts due for any Escrow Items far which payment of Funds has been waived by Lender and, rl Lender requires, shall fumish to Lender receipts evidencing such payment within such lime period as Lender may require. Borrowers obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement” Is used In Section 9. If Borrower is obligatod to pay Escrow Items directry, pursuant to a waiver, and Borrower tails to pay the amount due for an Escrow Item, Lender may exercise Its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items h any time 6y a notice given in accordance wsh Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that ere then required under this Section 3. Lender may, et any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time ameoof of Fundsdus on the bas soof current dah a nd reason 6leuestimateseof exp ndilures o111AurePEscowdltems olr otherwise m accordance with Applicable Law. t k1_11 NE6FASNA- filnple Pomlly -Fm01a Mee'FrMtlla Mm UNIFORM INSTRUMENT FoaM 90PB 01N1 (pope 2 W ] µgee.