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201008214 TRANSFER OF RIGHmS IN THE PROPERTY This Security Instrument secures to Lende;r: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of $orrower's covenants and agreen;�ents under this Security Instrument and the Note. For this puxpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the ... ... ... ... .....: ... ... ..: ... ... ... ... ... ... ... ... ..Re�ister.vt paeat� ... ... .:. ... ... .. . ... ... ... ... ... ... ... ... ... ... ... ... of (Type of Recording Jurisdictionl . Na�l FQUntY .. . . .. . .. . . . . .. . . . .. . ... . . . .. . .. . . . . . .. . . . . . . . . . .. . .. . .. . . .. . . . . . . . .. .. . .. . .. . .: . . [Name of Recording Jurisdictionl Lot One 111, in R.H.H. Subdivision, Hall County, Ne6raska which currently has the address of ............................................ Raad.............................................. [street] ...............................CA1�� ..............................., Nebraska ................... �.�8Z4..................... � Addxess") [Gity1 [Zip Code] TOGETHER W[TH all the impravements now or hereafter erected �n the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacernents and additions shall also be covered by this 5ecurity InstrumenC. All of the foregoing is refexred to in this Security Instrument as the "Property." B�RROWER COVENANTS, that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and conv�y th� Froperty and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Fr�perty against ap claims and demands, subject tn any encumbrances of rec�xd. THIS S�CURITY INSTRUM�NT combines uniform covenants for national use and non-unifnrm covenants with limited variat�wns by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: �. Payment of Frincipal, Inlerest, Eserow Items, Prepaymenl 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 5ection 3. Payments due under the Note and this Security Instrum�nt shall be nnade in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instruznent is returned to Lender unpaid, Lender may reyuire that any or all subseyu�nt paytnents due under the Note and this Security Instru;txie�t_.be xnade..in_one or mo�o�th�_�o�l�w�ne farms.,�s—selected-h}..--- -- --- - �,ender: (a) cash; (b) money ord�r; (cj cer[i�ed check, �ank 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 �'unds Transfer. Payments are deemed receive[i by I..et�der 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 Sect�on 1S. Lender may return any payment or partial �ayment if the payment c�r partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insuffic�ent to brmg the Loan current, without waiver of any rights hereunder or pre�udicc: [o its rtghts to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the timte such payments are accepted. If each Perrodic Payment is applied as of its sc;hcduled due date, then Lendcr need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Barrower does not do so within a reasonable period of time, Lender shall either apply such funds or return the[n to Borrower. If not applied earlier suc:h funds will be applied to the outstansling principal balance under. the Note immediately pri�r to foreclosure. No ciffset or- claim which $orrower might have now c�r in the future against -Lender shall relic:ve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements sccured by this Security Instrument. 2. Applicatfon aF Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lettdex 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 Section 3. Such payments shall be applied to each �eriodic Payment in the ozder in which it becartze due. Any remaining amounts shall be applied first to late charges, second to any other aznounts due under this Security Instrument, and then to reduce the principal balance of the Note. If [,ender receives a payment frozn Bocrower for a delinyu�nt Periodic Payment which includes a sufficient amaunt to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If mare than one Periodic Payr�xent is outstanding, Lender may apply any payment received fror►a Borrower to chc repaynaent of the Periodic Payments if, and to the �xtent that, each payment can be paid m full. To the extent that any excess exists after the paymez�t is applied to the full payment of onc ox tnot'e Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as ciesc:ribed in,.tlxe Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to parincipal 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 Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sunn (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other itetzas which can attain priority over th,is Security lnstrurnent as a lien or encumbranee on the Property; (b) leasehold pay�r►ents or ground r�nts on the Property, if any; (c) prerniums fvz' any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiurns, if any, or any sums payable by Borrower tn Lender in lieu of the payment of Mortgage Insurance pretniutxas in accordance with the provis�ons of �ection 10. These itenns are called "Escrow �tems." At origination or at any time during the term of the Loan, Lender may reyuire that Comm�unity Association Dues, Fees, and Assessments, if any, be escrowed b� Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of aznounts to be paid under this Section. Borrower shall pay I...ender the Funds for Escrow Items. unless Lender waives Borrower's obligation to pay the Funds for an�+ or all �scrow Items. Lender may waive Borrower's obligation to �ay to I..endec �'unds for any or all Escrow Items at any time. Any. such waiver may ,only .be in writing. In the event.of s�uch wa�ver, Borrower shall pay direcCly; when and where payable, thc aza�ounts due for any Escrow Items for which payment of �'unds has been waived by Lender and, if Lender requires, shall furnish to Lendex receipts evidencing such payment within such tirne period as Lender may require. Borrower's obligation to rnake such payments and to provide receipts shall for all purposes be deemed to be a covezaant and apreement contained in this Security Instrument, as the phrase "covenant. and agreeriac�nt" is used in 5ection 9. If Borrower �s obligated to pay Escrow Itexns directly, pursuant to a waiver, and Borrower NEBRASKA—Single Famity—Fannie Mae/Freddia Mac UNIFORM INSTRUMENT Form 3028 1/p9 Benkars Systems, Inc., St. C�oud, MN Form MD-1-N@ 8117/2000 (p(1gt 2 of 7 pages) � �' /` � - /