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20o9o81ss TRANSN.ER OF RIGHTS 1N THE PROPER"i'Y `Phis Security lustruntent secures to Lender: (i) the repayrncnt of I.he Loan, acad all renewals, extensions and modii`icatious of Lhe Note; and (ii) the performance of Borrower's covenants and agreements under this Security InstrumenC 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 the ........................................................CQU.NTY.......................................................... of [Type of Recording Jurisdiction] liA~~ ......................... ........................................................... [Name of Recording Jurisdiction] Lot Nineteen (191, Block Twenty Two (221, Original Town of Woad River, Hall County, Nebraska which currently has the address of ..................................................2,10,E 9th.................................................. , . [Streetl ......................Wood.Rlyer............................, Nebraska ................ 613.$8.x.................... („Property Address"): [Cityl [zip Code] TOGT'T11ER WITH all the improvements now or hereafter erected on the property, a.nd all casements, appurt.euanccs, and 1`ixtures 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 COVT;NAN'1'S that. Borrower is lawfully seised of the estate hereby conveyed and has tlae right. t.o 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. 'I':H1S SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with 1united variations by jurisdiction to constitute a uniform security instrument covering real property. iJNIFORM COVENANTS. Borrower and I.,ender 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 prepayrrteni charges and late charges due under the Note. Borrower shall also pay funds for Escrow hems pursuant to Section 3. Payments due under the Note and this Security lnstruntent shall be made in U.S. currency. However, if any check yr other instrument. received by Lender as payment. under the Note or this Security lustruntent is returned tv Lender unpaid, Lender may require that auy or all subsequent. payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash.; (h) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon anrustitutron 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 array return any payment or partial payment if the payment. or partial payments are insufficient to bring the Loan current. Lender may accept. auy payment or partial payment insulficteni t.o bring the Loan current, without waiver of any rights hereunder or prejudice t.o its rights to refuse such payment. or partial payrnccats iu the future, but Lender is not obligated to apply such payments at the time such payments are accepted. if each Perivdic Payment is applied as of its scheduled due date, then Lender aced not pay interest on unapplied funds. i,ender may hold such unapplicd funds until Borrower makes payment to bring the Loan current.. If Borrower dues not do so within a reasonable period of three, Lender shall either apply such funds or return them to Borrower. if nut. applied earlier, such funds will be applied w the outstanding principal balance under the Nvte irnrnediately prior to foreclosure. No utfset or claim which Iorrower might. have now or iu the future against Lender shall relieve Burrower from making payments due under I.he Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument. Z. Application of Payments 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 Nvte; (b) principal due under the Notc; (c) amounts due under Section 3. Such. payments shall be applied to each Periodic Payment in the vrder in which it became due, Auy remaining arriounts shall be applied first to late charges, second to any other amvunts due under this Security lnstrurment, and then t.o reduce the principal balance of the Note. Tf Lender receives a payment from 1orrower for a delinquent Periodic Paynacni which includes a sufficient amvunt to pa.y any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, bender may apply any payment received from. Borrvwer to the repayment. of the Periodic Payments if, artd to the extent that, each payment can be paid in full. To tltc extent that any excess exists after the payment. is applied io the full payment of one or mvre Periodic Payments, such excess may be applied to any late charges due. Vvluutary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds tv principal due under the Note shall not extend or postpone the due date or change the amount, of the Periodic Payments. 3. Funds f'or Escrow Items. Borrower shall pay to Lender an the day Periodic Payments are due under the Notc, until the Note is paid in full, a sum (the "I~uuds") to provide ('or payment. of amounts due fur: (a) taxes and assessments and ol.her items which can attain priority over this Security Instrument as a. lien or encumbrance on the Property; (b) leasehold payments or ground rents ou the Property, if a.ny; (c) prcntiurns for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to I.,euder iu lieu. of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the teen of the Loan, Lender may require that (:onnnunity Association Dues, Fees, and Assessments, if any, he escrowed by Borrower, a.nd such dues, fees and assessments shall be an Escrow Item. Burrower shall promptly furnish to Lender all trotices of amounts to be paid under this Section. Borrower shall pay Lender the Funds fur Escrow Items unless Lender waives Borrower's obligation tv pay the Funds for any or all Escrow Items. Lender tray waive Borrvwer's obligation to day 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 watver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish w Lender receipts evidencing such payment within such time period as Lender may ,require. Borrower's obligation tv make such payments and to provide receipts shall for alt purposes be deemed lv be a covenant and agreement contained in tltis Security Instrument, as the phrase "covenant and agreement" is used iu Section 9. If Bvrrvwer is obligated to pay Escrow Items directly, pursuant to a waiver, and Burrower NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Farm 302$ 7/07 Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8 /1 712 000 (page 2 of 7/mgeS) ~/~~~ ~~