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20110455� TRAN5FER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewais, extensions and modifications of the Note; and (a) the performance of Borrawer's covenants aud agreements under this Security Instrument aud the Note. For this purpose, Borrower irtevocably grants and conveys to Trustee, in ttust, with power of sa1e, the following described property located in the ...................................................RE��STER.OF.OEFAS..................................................... of (Type of Recording Jurisdictionl . HA44 CQUNTY ..... ................. ......: . .......:...... .. ...... . . .................. . .. ...: 1Neme of Recording Jurisdiction] LOT THREE (3); BLOCK NINETEEN (19), OHIGINAL TOWN OF ALDA, HALL COUNTY, NEBRASKA which cunently has the address of .................................................. �Q�.� P�N�.................................................... [StreeU ...............................9�oA..............................., Nebraska ...................6�!&10..................... ("Property Address"): [cityl [zip codel TOGETHER WITH a11 the improvements now or hereafter erected on the �ro�rty, and a11 easements, appurtenances, and fixtures now or hereafter a part of the pcoperly. All replacements and addittons shail a.[so be covered by this Securiry Instrument. All of the foregoing is refened to in this Securiry Instrument as the "Property." BORROWER COVENANTS that -Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and conyey the Properly and that the �Pcoperty 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 uniform covenants with limited variations by jarisdiction to constitute a uniform security instrument covering real properiy. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: I. Payment of Principal, Ltferest, Escrow Itetns, Prepayment Charge:s, and Late Charges. Borrower shal! pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and laxe 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 5ecuriry Instrument is returned to Leuder unpaid, Lender may require that any or all subsequent payments due under the I�1ote and this Security 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 dra.wn upon an institution whose depcssits are insured by a federal agency, instrumentaliry, or entiry; or (d) Electronic Funds Traasfer. Payments are deemecl received by Lender when received at the location designated in the Note or at such other Iocaxion as may be designated by Lender in accordance with the notice provisions in Sectiou 15. Leuder may return any payment or gartial payment if the payment or partial payments ate insuf�cient to bring the L,oan curtent. Lender may accept any payment or partial paytnent insufficient to brmg the Loan current, without waiver of any rights hereunder or pre�udice to its rights to refuse such paytnent or partial payments in the future, but Lender is not obligated to apply such payments ax the time such payments are accepted. If each Periodic Payment is applied as of its schedWed due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied fu�ls until Bonower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Bonower. If not applied earlier, such funds wili be •applied to the outstanding principal balance under 'tlie Note immediately 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 Alote and this Secarity Instcument or �rerforming the covena.nts and agreements secured by this Security Insttument. 2. Appflcalaton of Paymeuts or Proceeds. Except as otherwise described in this Section 2, a11 payments accepted and applied by Lender shall be applied in the following order of prioriry: (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 beca.me due. Any remaining amounts sha11 be applied �rst to laxe charges, second to any other amounts due under this Security Instrument, and then to reduce the principa.l balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which inciudes a sufficient amount to pay any late chazge due, the payment ma.y be applied to the delinquent payment and the late cha.rge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Bonower 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 Pertodic Payments, such excess may be applied to any late charges dae. Voluntary prepayments shall be applied itrst to any pr ayment charges and then as described in the Note. Airy application of pa}�meuts, '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 Escrow Items. Borrowec shall pay to Lender on the da.y Pereodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for pay�ment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Secunty Instrument as a lien or encumbrance on the Property; (b) Ieasehold payments or ground rents on the Property, if any; (c) premiums for any and a11 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 witb the 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 escrnwed b� Borrower, and such dues, fees and assessments shall be an Escrow Item. Bonower sha11 promptly furnish to Lender all not�ces of amounts to be paid' under this Section. Bonower sha11 pay Lender the Funds for Escrow Items unless Lender waives Borrowec's obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's obligation to �ay to Le'nder Funds for an� or a[i Escrow Items at any time. Any such waiver may only be in writing. In the `event of` such waiver, Borrower sha.11 pay directly, � when and where payable, the amounts due for any Esczow Items for which payment of Funds has been waived by Lender and, if Lender 'requires, sha11 furnish to Lender receipts evidencing such payment witiun such fvme period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all parposes be deemed to be a covenant and a�reement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Bormwer �s obligated to pay Escrow Items direcfly, pursuant to a waiver, and Borrower NEBRASKA—Single Family—Fanroe Mae/Fredd'ie Mac UNIFORM INSTRUMENT Form 3028 1/07 Bankers Syatema, Inc., St. Cloud, MN Fwm MD-1-NE 8/17(2000 (page 2 nf 7pages)