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20110410� TRANSFER OF RIGHTS IN THE PROPERTY This Security Instniment secures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and modifications of the Note; and (u) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably gtants and conveys to Trustee, in trust, with power of sale, the following described properly located in the ...................................................6E�i�STE8.4F.DEEAS...................,................................. of [Type of Recording Jurisdiction] . HA�L G4UNTY .:.. .. ...... . ..... .. . .................. . . . . ...... (Name of Reoording Jurisdiction] LOT 19, WESTWOOD PARK FOURTH SUBDIdI&ION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA which currently has the address of . ... . . ........................... ...... . . ... 50Q FL��T�140D CIRG�E...................... .................... . . .. [Streetl ..........................�R��P.!$!-�.��..........................., Nebraska ...................6�:803..................... ("Property Address"): [City1 [zip codel TOGETHER WITH all the improvements now or hereafter erected on the pro�rty, 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 Instnunent. All of the foregoing is refened to in this Security Instrument as the "Property." BORROWER GOVENANTS that Bonower is lawfully seised of the. estate hereby conveyed aud has the right to grant and convey :the Property and that the Property is unencumbered, excepc. for encumbrances of record. Borrower warrants and will defend generally We tifle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURiTY INSTRUMENT combines uniform covena.nts for natioaal use and non-uniform covena.nts with limited variations by jurisdiction to constitute a uniform securiry instnunent covering real property. UNIFORM COVENANTS. Borrower and Lender covenant aand agree as follows: 1. Payment of Principal, Intere.st, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 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 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 a11 subsequent payments due under the Note and this Securiry Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certif'ied 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) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accorda.nce with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insuf�cient to bring the Loan cunent. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment 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 Pa.yment is applied as of its scheduled due date, then Lender need not pay interest on uaapplied funds. Lender may hold such una.pplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender sha11 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 immediatety prior to foreclosure. No offset or° claim which Borrower �might have now or in the future against Lender sha11 relieve Borrower from making payments due under the Note and Wis Security Instrument or performing ihe covenants and agreements secured by this Security Instnunent. ' 2.-Application of Payments or Proceeds. Except as otherwise described in this 5ection 2, all payments accepted and applied by Lender shall be applied tn the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such �ayments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applted first to late charges, second to any other amounts due under this Security Iastrument, and Wen 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 ma.y 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 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 laxe 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 Note shall not extend ot 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 encumbrance on the Property; (b) leasehold payments or ground rents on the Properry, if any; (c) premiums for any and all insurance required by Lender under Section 5; 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 witti We provisions of Section 10. These items are called "Escrow Items." At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed b� Borrower, and such dues, fees and assessments sha11 be an Escrow Item. Borrower sha11 prompdy furnish to Lender all nottces of amounts to be paid under this Section. Bonower sha11 pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to �ay to Lender Funds for an� or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay direcfly, 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, shall furnish to Lender receipts evidencing such payment within such time 'period as Lender may require.' Bonower's obligation to make such payments and to provide receipts shall fot a11 purposes be deemed to be .a covena.nt and a�reement contained in this Securiry Instrument, as the phrase "covena.nt and agreement" is used in Section 9. If Borrower �s obligated Co pay Escrow Items directly, pursuant to a waiver, and Borrower NEBRASKA—Single Family-Famde Mae/FreddPe Mac UNIFORM INSTRUMENT Form 3028 1/01 Bankere Systems, Inc., St. Cloud, MN Form MD-1-NE 8J17/2000 (page 2 of 7pages)