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201200640 Pareel(D Number:400325594 which currently has the address of 551 E 20TH ST (Street) Grand Island (City), Nebraska 68801 (Zip Code) ("Property Address"): TOGETHER WITH all the improcements now or hereafter erected ou 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 tlie foregoing is referred to in tliis Security Instrument as the "Properry."Borrower undersrands and agrees that MERS holds only legal title to the interest granted by Borrower in ihis Securiry Instrument,but,if uecessary to comply with law or custom,MERS(as uominee for Leuder and Lender's successors and assigns)has the right to sxercisc any or all of those interests, including,but not limited to,the right to forectose and sell the Properry;and to take any action required of Lender including,but not limited to,rcleasing and canceling fhis Security Instrument. SORROWER COVENANTS that Borrower is lawfially seiszd of the estate hereby conveyed and has the right to b ant and com�ey the Property and that the Property is unencumbered,except for encusnbrances of record. Borrower wazrants and will defend generally the title to the Property against all claims and demands,subject to any encumbrances of record. TIIIS SECURITY INSTRUMENT combines uuiform covenauts for natioual use and nou-uuiforxn covenants with limited variations by jurisdiction to constitute a uniforni 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 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. currenc}�. However,if any check or other instr�uinent received by Lender as payment under the Note ar this Security instrument is returned Yo Lender unpaid,Lender may require that any ar all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms,as selected by Lender: (a)cash;(b)money order;(c)certified check,bank check,treasurer's check or cashier's check,provided any such cl�eck is drawn upon an institution whose deposits are insured by a federal agency, insh-umentality,or entiry;or(d)Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the�ote or at such other locahon as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may retum any payment or partial payment if the payment or paztial payments are insufficient to bring the Loan current.Lender may accept any payment or partial payment insu�cient 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 Paymeut is applied as of its scheduled due dace,then Lender need not pay interest on unapplied funds. Lender may hold sueh unapplied fimds until Borrower makes pa}nnenY to bring the Loan ciurent. If Borrowcr does not do so within a reasonable period of time,Lendcr shall either apply such funds or return them to Borrower.IPnot applied earlier,such Punds will be applied to the outstanding principal balance under the Note immediately prior to foreciosure.No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Notc and this Secm�ity Instrument or performing the covenants and agreements secured by this Securiry Instrument. 8801726567 8801128567 NEBRASKA-Single Famity-Fannie Mae,'Fretic�ie PAac UNIrORM INSTRUMENT WITH IdERS Form 3028 1l0� VMP� VMPfiA(NEJ(1105) Ydolters KIUw er flnanclal Servlces Page 4 of'7