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201�05787 TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to I,ender: (i) the repayment of the I.oan, and all renewals, extensions and modifications of the Note; and (ii) the gerformance of Borrower's covenants and agreements under [his Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following descrii�d property located in the ........................................................ CQUN.T.X.......................................................... of [Type of Recording Jurisdiction] f{�� ......................... ... .. ............................. ..... ...... ................... ' [Name of Recording Jurisdictionl SEE ATTACHED EXHIBIT A which currently has the address of 3204 W 17th St ................................................. ..................................................... [streetl ...........................Graqd Island............................, Nebraska ...................6$$03 .................... {"Properly Address"): [City] [Zip Code� TOCiETHF,R WITH all the irnprovements now or hereafter erected on the property, and all 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." BORItOWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey tt►e Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Progerty against a11 claims and demands, subject to any eucumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform wvenants with limited variations by jurisdiction to constitute a uniform securiry 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. Borrowcr shall 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 sha11 also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrumcnt is retumed to Lender unpaid, L,ender 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 selecteci by I,ender: (a) cash; (b) rnoney order; (c) certified check, bank check, treasurer's clieck or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrwuentality, or entity; or (d) Electronic Funds Transfer. ' Payments are deemed received by Lender when reccivcd at the location dcsignatcd in thc Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return auy payment or partial payment if the payment or partial payments are insufficient to bring Uie Loan current. Lender may accept any payment or gartial 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 I,endcr is not obligated to apply such paymcnts at thc timc such paymeius are accepted. If each Periodic Payment is applied as of its scheduled due clale, lhen Lender need not pay interest on unapplied fuads. I.ender may hold such unapplied funds until Borrower makes payment to bring the I.oan current. 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 immediately prior to foreclosure. No of�set or claim which Borrower might havc now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instnunent or performing the covenants and agreemeats secured by this Security Instrument. 2. Application �f Payments or Proceeds. �xcept as otherwise described in this Section 2, all payments accepted and applied by L,endcr shall be applied in the following order of prioriry: (a) interest duc under the Note; (b) principal due undcr the Nate; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in lhe order in which it became due. Any remainiug amounts shall be applied �irst to late charges, second to any other amounts due under 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 auy latc charge fluc, thc paymcnt may be applied to the delinqucnt payment and thc latc charge. If morc than onc Pcriodic Payuient is outstanding, Lender may apply any payment received from Bonower to the repayment of the Periodic Payments if, and to;the e�ctent 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 prepaymen[s shall be applied �rst to any prepayment charges and then as described in the Note. Any application of payments, insurance proceecis, or Miscellaneous Proceeds lo principal due under the Note shall not extend �or postpone the due date, or change the amount, of the Pericxiic Payments. 3. Funds for Escrow Items. Bonower shall Qay to Lender on the da.y Periodic Payments are due under the Note, unti( the Note is paid in full, a sum (the "Punds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can auain prioriry over this Security Instrument as a licn or cncumbrance on thc Property; (b) leaschold payments or ground rents on the Property, if any; (c) premiums for any and all insuranc:e required by l,ender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to I,ender in lieu of the payment of Mortgage Insurauce premiums in accordance with 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 esc�owed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall prompQy furnish lo Lende; all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Ite7us unless Lender waives Borrower's obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's obligation to �ay to Lender Funds for any or all �scrow Items at any time. Any such waiver may onl be in writing. In the event of such warver, Bonower shall pay directly, when and where payable, the amounts due for any �scrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such gayment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for; all purposes be deemed to be a covenant and a�reement contained in this Security Instrument, as the phrase "covenant and agrcement" is used in Section 9. If Borrowcr �s obligated to pay Escrow Itcros directly, pursuant to a waivcr, and Borrowcr NEBRASKA—Single Family—Fennie Mae/Fredd'ie Mac UPIIFORM INSTRUMENT /� Form 3028 1/01 Bankere Systems, Inc., St. Cloud, MN Form MD-t-NE 8l17(2000 {prtge 2 of 7(xeges) ! t/ �