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20110245� TRANSFER OF RIGHT5 IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of ihe Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument 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 tl�e ...................................................REGIS.TEB.OF.DEEAS..................................................... of [Type of Recording Jurisdiction� N.AII .GQUNTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . : [Name of Recording Jurisdiction� LOT THREE (3►, BLOCK NINETEEN (19►, ORIGINAL TOWN OF ALDA, HALL COUNTY, NEBRASKA which currentty has the address of ......... ... . . . . .. .. .. . . . . . ................. .. . . . . .103 E PiNE . . ...... .. . .................................... . ... . [Street� .............................. ALDA..............................., Nebraska ...................6�810..................... � Address"): �City] [Zip Code� TOGETHER WITH all the improvements now or hereafter erected ov the property, and a11 easements, appurtenances, and fixtures 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 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 the 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-unifortn 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 cl�arges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or 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 fornis, 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, instrumentality, or entity; or (d) Elecirouic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such otl�er location 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 briug the Loan current. Lender may accept any payment or partial payment insufficient to brmg the Loan current, without waiver of auy rights hereunder or pre�udice to its rights to refuse such payment or partial payments in [he future, but Leuder is uot obligated to apply such payments at the time sucl� 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 curreut. If Borrower 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 Note nnmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or perfortning tl�e covenants and agreements secured by this Security Instrument. Z. Application of Payments or Prceeeds. Except as otherwise described in tl�is Section 2, all payments accepted aud applied by Lender shall be applied in the followiug 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 Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due uuder this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than oue 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 payment can 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 sl�all 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 Note 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 Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or eucumbrance on the Property; (b) leasehold payments or ground rents oa the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mongage Insurance premiums, if any, or any sums payable by Borrower to Leuder iu lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Sectiou 10. These items are called "Escrow Items." At origination or at any time during the tertn of tl�e Loan, Lender may require that Communiry Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and sucl� dues, fees and assessments shall be au Escrow Item: Borrower sl�all promptly furnish to Leuder all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Fuuds for any or all Escrow Items. Lender may waive Borrower's obligatiou to pay to Lender Funds for any ar 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 for which payment of Funds has been waived by Lender and, if Lender requires, sl�all furnish to Lender receipts evideucing sucl� payrnent withiu such time period as Lender may require. Borrower's obligatiov to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contaiued in tl�is Security Instrument, as tl�e phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 Bankers Systems, Inc., St, Gloud, MN Form MD-1-NE 8/17/2000 (page 2 of 7 pages)