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2011042�1 (P) KRESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or suceessor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all reyuirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrumen� TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to L.ender: (i) the repayment of the L.oan, 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, tke following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Fourteen (14), Rainbow Lake Second Subdivision, Hall County, Nebraska which currently has the address of3620 Catfish Avenue [Street] Grand Island , Nebraska 68801 ("Property Address"): [City] [Zip Code] TOGE'THER WITH all the improvements now or hereafter erected on the property, and all easernents, appurtenances, and fixtures now or hereafter a part of the property. All replacements and addrtions shall also be covered by this Security Instrument. All ofth� foregoing is referred to in this Security Instrument as the "Properly." BORROWER COVENANTS that Bonower 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 ofrecord. Borrower warrants and will defend generally the title to the Progerty against all claims and demands, subject to any encumbrances of record. THIS SECURITY 1NSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. ITNIFORM 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 o� and interest on, the debt evidenced by the Note and any prepayment charges and late chazges due under the Note. Bonower shall also pay funds for Escrow Items pursua.nt 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 instrumant 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 forms, as selected b� 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 mstitution 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 accordance with the notice provisions in Section 15. Lender may return any payment or partial paytnent if the payment or partial payments are insufficient to bring the Loan current. Lender may accapt 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 obhgated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. L.ender may hold such unapplied funds until Bonower makes �ayment to bring the Loan current. If Bonower does not do so within a reasonable period oftime, Lender shall either apply such funds or return them to Borrower. Ifnot applied earlier, such funds will NEBRASKA—Single Family—Fannie Mae/Freddie Mac i1NIFORM INSTRiJMENT Modified Form 3025 1/Ol (page 2 of 8 pages) 22050.CV (9/09) 03-1174 Creative Thinldng, Inc. GOTO(0027t29d)