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2oloo�si4 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lend�r: (i) the repayment af the Loan, and all renewals, extensions and rnodifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrurnent and the Note. For th'rs purpose, Borrower irrevocably grants and conveys ta Trustee, in trust, with power of sale, the following described propertylocated in the . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .. . . . . . . . . .GAUqty. . . . . . . . . . .... . .. . . . . . . . . . ....... . . . . . . . . . . .. . . . . . . . . . . . oF lType of Recording Jurisdiction] Hal� ......................... ............... ... ....................................... (Name of Recording Jurisdiction� Lot Twenty Qne (211, Eaglewood Acres Subdivision, Hall County, Nebraska which curreutly has the address of . . . . . . .. . . . .. . . . . . . . . . . . . . ... . . . . . . ........ 4222 ,$toneridge.Path ......... .. . . . . . . . . . . . . . ... . . ................ �street) , , Grand Island,,,,,,,,,,,,,,,,,,, ................... ..... ........, Nebraska .................. GS$0.1.................... �. Address") [GityJ [Zip Coda] T�GETHER WITH a11 [he improvements now or hereafter erected on the properry, and all easements, appuRepances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered hy this Security Instrument. All of the foregaing is referred ta in this Securiry Instrument as the "Praperty. " BORROWER COV�NANTS 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 eucumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and dernands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combiues uniform cavenants for national use and non-uniform covenants with Lirnited var'ratians by jurisdiction to constitute a uniform security instrumept coveriug real property. UNIF�RM COVENAN'T'S. Borrower and Lender covenant aad agree as follows: 1. Paymeut of Princlpal, 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 far Escrow Items pursuant to 5ection 3. Payments due under the Note and this Security Iusttument shall be made in U.S, currency. However, rf any check or other instrurneut received by Lender as payment under the Note or this Security Insirument is reiurned to Lender unpaid, Lender may require that any or all subsequent payments due under tF�e Note and this Security Instrument be made in one or more af the fallowing forms, 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, instrumentaliry, or entity; or (d) Electronic Funds Transfer. Payments are deerned received by Lender when received at the location designated in the Nate or at such other location as may be designated by Lender in accordance with the notice provisions in Sect�on 15. Lender m.ay return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or paRial payrnent insuff�cient ta bring the Laan current, without warver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in [he future, bu[ Lender is not obligated to apply such payments at the time such paymeuts are accepted. If each Periodic Payment is applied as of its scheduled due date, then Leuder need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. Tf Borrower does not do so wittiin a reasonable period of tune, Lender shall either apply such funds or return thern ta Borrower. If not applied earlier, such funds will be applied to the outstanding priucipal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might �ve now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants aud agreerneuts secured by this Securiry Instrument. 2. Application of Payments or Praceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of prioriry: (a) interest due under the Note; (b) principal dae 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. Any remaining amounts shall be applied first to late charges, secoud to any other amouuts due under this Security Iastrument, and then to reduce the principal balance of the Note. If Lender receives a payment frorn Barrower for a delinqueut Periodic Payment which includes a sufficient arnount to pay any late charge due, the payment may ba applied to the delinquent payment and the late charge. If more than one Periodic Paymept is outstanding, Lender may apply any payment received frorn Borrawer to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. Ta the extent that any excess exists after the payment 'rs applied to the full payment of oue or more Periodic Payrnents, such excess may be applied to auy late charges due. Voluntary 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 to principal due under the Noce shall uot 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 Payrnents are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide far paymen[ of amounts due for: (a) taxes and assessments and other items which cau attaiu priority over this 5ecarity Instrument as a lien or encumbrance on the Property; (b) leasehold paymenis or ground rents on the Property, if any; (c) prerniums for any and all insurance required by Lender under S�ction 5; and (d) Mortgage Tnsurance premiums, if any, or auy sums payable by Borrower to Lender rn lieu of the payment of Mortgage Iusurance premiums in accordance with the provisrons of Section 10. These items are called "Escrow Items. " At origination or at any tune during the term of the Loan, Lender may require that Cornrnunity Association Dues, Fees, and Assessments, if any, be escrowed b� $orrawer, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrawer shall pay Lender the Funds for �,scrow Items unless Lender waives Borrower's obligation to pay the F�nds for any or all Escrow Itexns. Lender may waive Borrower's obligatiou to pay to Lender Funds for an� or all Escrow Itezns at any time. Any such waiver may only he ir� writing. Iu the event of such waiver, Borrower sha11 pay directly, when aud where payable, the amounts due for any Escrow Items for which payment of Fuudb h� bvan walvad by Lender and, lf Lender requires, shall furnish to I.ender receipts evidenciag sucti payment within such tune period as Lender may require. Borrower's obligation to maKe such paymeuts and to provide receipts shall for all purpases be deexned to be a covenant and a�reetneut contained in this Security Instrument, as the phrase "covenant and agreement" is used iu Section 9. lf $orrawer is obligated to pay Escrow Items dlrectly, pursuant tn a waiver, and Borrower NEBRASKA-5ingle Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT q,"_Form 3028� 8ankera Systems, Inc., St. Cloud, MN Fvrm MD-1-NE �8/17/2000 (png¢ 2 of 7pages) ��