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2oii0007�� TRANSI�ER nF RIGHTS IN 1'HE PROP�,It"TY This Security Instrurnent secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of thc: Nnte; and (ii) the performance of I3orrower's cnvenants F�nd agreements under this Security Instrument and the Note. For this purpnse, �3orrc�wer irrevocably grants and conveys to Trlrstee, in trust, with power of sale, the follawing described pr�perty located in the .......................................... ........ f R ordi p �� ot . ��,I��ER 4F ��lS [Type o ec 'ng J HA,14.�0U.NTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Name of Recording Jurisdir.tion) LUT 9, WHITES SUNNV SLOPES SUB�IVISION, HAII COLINTV, NEBRASKA which currently has the acldress of ..................................................... 206 S s .......... DUNIPHAN ........... ......... , Nebraska ...................6�$32..................... ( Pr p y Address"): .................. ........... ....... o ert (Cityl fZip Codel 'I'OCFTHER WT'1H all the imprc>vernents naw or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of ihe Property. All replacecnents and additions shall also be covered by this Security Instrument. All of the foregning is referred to in this Security Instrumcnt as the "�'rc.�perty." BORROWT:R COVENANTS that Borrower is lawlully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except fc�r encumbrances of record. $orrnwer warrants and will dcfencl generally thc title to the Praperty agauist all claims and demancls, subject to any encumbrances of record. `1'HTS SI:CiJRITY INST'RIJMENI' comhines uniform cnvenants for national use and non-uniform covenants with limited variation� by jurisdiction to contititute a uniform security instrument covering r�al property. UNIFORM (:OVF.NAN I'S. �3c�rrc�wer and Lender covenant and agree as follows: 1. Payntent of Priucipal, InteresC, �scrow Tteins, Prepayrnent Charges, and Late Char�es. Borrower shall pay wh�n due the principal c>f, ancl interest on, the debt evidence�l by the Nolc and any prepayment charges and late eharges due under the Note. Borrower sh�ill also pay I�►nds for �;scrow items puisuanl tc� Section 3. Payments due under the Nnte and this Security lnstrument shall be macle in i1.S. currency. Ilowever, if any check or other instrument received by L,ender as payment undcr lhe Note ur this Security Instrument is returned to Len�ler unpaid, Lcnder rnay require that any or all subsequent payments due und�r the Nnte and this Security Instrument he m��de in one or more of the following forms, as selected by I.ender: (a) cash; (b) money order; (c) certified check, bank check, treasurcr's check or cashier's check, provided any such check is drawn upon an institution whnse deposits are insured by a fcderal agency, instrurnentality, or entity; or (d) Electronic Funds Trnnsfer.... -------- _ _ I'aymenis are deemed received by Lendc;r when received at the location designated in the Note or at such other location as may bc designated by Lendcr in �►ccordance with the notice provisions in Section 15. Lender may return any payment or partial payment if thc payment or partial payments are insufficient to bring the L�an current. Lender may accept any payment or partial payment insufficient to bring the Loan current, wilhout waiver of any rights hereunder or prejudice to iCs rights tn refuse such payment or partial payments in the future, but Lender is not obligated to apply such paym�nts at the time such payments are accepted. lf each Periodic Payment i� applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lendcr may hol� such unappli4d funds until Borrciwer nnakes payment to bring lhe I.oan current. lt Borrowcr does nol do so within a reasoiktble periu� of time, Lender �hall either apply such funds nr return them to Borrower. If not applied earlier, st�ch funds will lx: applied to the outstanding principal balance under the Note immediately prior to foreclnsure. No offset or claim which Borrower might ttave now or m the future against Lendtr shall relieve Borrower from making paymencs due under the Note and 11iis Sccurity Instn�ment or Perforn�ing the covenants and agre�ments secured by this Security Instrument. 2. Applicalion caf Payments or 1'roceeds. Except as otherwise descrihed in this Section 2, all payments accepted and applied by Leiuler shall be applied in the 1'ollowing ordcr ol'� priority: (a) interest due under the Note; (b) principal due under Lhe Note; (c) amounts due under Scction 3. Such payments shall be applied to each Periodic Paymcnt in the order in which it bccame due. Any remaining amounts shall bc applied f'irst to late charges, second to any other amounts due under this Security Instrument, and then t�� recluce the principal balance of the Note. If Lender receives a payn�ent Crnm Borrower for a delinyuent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinyucnt Payment and the late charge. If more than one Periodic Payment is outstandin�;, Lender may apply any payment received trom Rorrower to the repayment of thc: Perindic Payrnents if, and to thu extent lhat, each payment can he paid in lull. Tu the extent 11iat any excess exists after the payment is applied to the full payment uf one or more Periodic 1'ayments, such excess may tx applicd tn any late charges due. Voluntary prepayments sl�all be applied firsl 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 Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for F,scrow - items. Borrower siiall - pay tc� l,ender on the day Periodic Payments are due und�r the Note, until the Note is paid in full, a sum (thc "�iund5"j to provide for payment of dmounts d�xe for: (a) taxes and assessments and other items which can attain priority ovcr thin Sectrrity Instrunient as a lien or encumbranc;e on the Property; (b) leasehold payments or grotmd rents on the Property, if any; (c) prcmiums fnr any ancl all insurance required by I,ender under Section 5; and (d) Mortgage Insurancc pr�miums, if any, or any sums payable by 13orrower co Lender in lieu of the payment of Mortgage Insurance prcmiums in accor�lance wich the provisions of Section 10. These items are called "F,scrnw Items." At origination or at any time during the term of Qie Loan, Lender may require tt►at Comumnity Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees ancl assessments shall be an �scrow Ttem. Borrower shall promptly furnish to Lender all notices oP amounts tu be paid under this Section. Iiorrowcr shall pay Lender the Funds for �scrow Items unless Lender waives Borrower's obligation to pay the �unds for airy c�r all Escrow Items. I.ender may waive Borrower's obligation to pay to Lender Funds for any c�r all L;serow Items at any time. Any such waiver may only be in writing. In the event of sueh waiver, I3orrower shall pay directly, when and where payaUle, the amounts due for any Escrow Items for which payment of f�unds has been waived by Lender and, if Lender reyuires, shall furnish to T�ender receipts evidencing such payment within such time period as Lender may reyuire. �3orrower' � c�bligation to make such payrnents and tn provide receipts shall for all purposes be deerned to be a covenant and agreement contained in this Security Tnstrument, as the phras� "covenant and agreement" is used in Section 9. If Borrower is obligated to pay �;scrow Items directly, pursuant to a waiv�r, and $orrower NEBRASKA--Single Family—Fsnnie Mae/Freddie Mac UNIFORM IN57RUMENT Form 3028 9/09 Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8117/200U (puge 2 of 7 pug[rs)