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200909269 .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 Borrower's covenants and agreements uuder this Security Instrument and the Note, For this purpose, Harrower irrevocably grants and conveys to Trustee in trust, with power of sale, the following described property located in the ........................ . .............................. U~UI~T.Y...................... , ........ , . , ... , . , ... , ....... , ...... of (Type of Recording Jurisdiction] IName of Recording Jurisdiction) SEE ATTACWED LEGAL DESCRIPTION which currently has the address of ............................ ...,5830,NORTH,190TH,ROAD,.,.,,,,,,,,,,,,,,,,,,,,,,,,,,,..,,,.,,. ....... ]street) .......... .. , I~$$24 o ert ,,~ ................ ..CAIRO... .,..................... ,Nebraska .................. .................... (Pr p y Address ) ICityl [Zip Code) TOGF,THER WITH all the improvements now ar hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a parr of the property. All replacements and additions shall also be covered by this Security Instrument, All ol'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 tho title to the Property against all claims and demands, subject to any encumbrances of record. 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 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 Sectiou 3. Payments due under the Note and this Security Instrument shall be made in LJ.S. currency. However, if any check or other instrument received by L.cnder as payment under the Note ar this Security Instrument is returned to Lender unpaid, Lender may require that any 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; (b) money order; (c) certified check, bank check, t.reasurer's check or cashier's check, provided any such check is drawn upon au iastitutiou whose deposits are insured by a federal agency, instrumentality, or entity; ar (d) Electronic Funds Transfer, Payments are deemed received by Lender when received at the Location designated in the Nate or at such other lacatian as may be designated by Lender in accordance with the notice provisions iu Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any paytncnt or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such paymeut 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 unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Harrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Nate immediately prior to foreclosure. Na affsel or claim which Harrower might have now or in the future against Lender shall relieve $arrawer from making payments due under [he Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument . 2. Application of Payments or Proceeds. Except as otherwise described in this Sectiou 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Nate; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Aay remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. It' Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the paymeut may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent. that, each pa ment eau be paid in full. To the extent that any excess exists after the payment is applied to the full payment. of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be appNcd first to any prepayment charges and then as described in the Note. Auy applicatiara al' payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Nate 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 Lender on Che day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Fuuds") to provide for paymeut 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 Property; (b) leasehold payments or ground rents an the Property, if any; (c) premiums for any and all insurance required by Lender uuder Section S; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." At arigination or at any tune during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if auy, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of autounts to be paid uuder this Section, Borrower shall pay Lender the Fuuds for Escrow Items unless Lender waives Borrower's obligation to pay the Fuuds for auy or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds far any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items 1'or which payment. of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation t.o make such payments and to provide receipts shall for all purposes be deemed to be a covenant and apreemeut contained in this Security Instrument, as the phrase "covenant. and agreement" is used in Sectiou 9. If Borrower rs obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INS'I"RUMENl' *'1 Form 3028 1IQ1 bankers Systems, Inc., St. Cloud, MN Form MO-1-NE 6/17/2000 (page 2 of 7pages)~.J ~ ',j~-, ('~,