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201201562 Parcel ID Number:400028417 which currently has the address of 303 N$BRASKA AVE _ (Sireet) Grand Island (City),Nebraska 68801 (Z.ip Code) ("Property Address"): TOGSTHER WITH all the improvemeuts 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 Securiry Instrument.All of the foxegoing is refened to in this Security Instrument as fhe "Property."Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Iush-ument,but,if necessary to eomply with law ox custom,MERS(as uominee for Lender and Lender's successors and assigns)has the righk to exercise any or all of those interests,including;but not limited to,the right to foreclose and sell the Property;and to take any action required of Lender including,but not limited to,releasing aud canceling this Security Instrument. BORROWER COVENANTS that Borrower 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 of record. Borrower warrants and wiil defend generally the title Yo the Property against all claims and demands,subj ect to any encumbrances of record. THIS SECURITY INSTRUMENT combines Lmiform coveuuits for vational use aud noii-uniform covenants with limiled variations by jurisdiction to constihite a uniform security instrument covering real praperty. Uniform Covenants.t3orrower 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,thc 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 tlie Noce and this Securiry Instrument shall be made in U.S.currency. Howevar,if any check ar other instrument received by Lender as payment under the Note or this Securiry Tnstrument is returned to Lender unpaid,Lender may require that any or all subsequent pa}nnents due undzr 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 checic,bank check,treasurer's check or cashier's checic,provided any such check is drawn upon au iustitutiou whose deposits are insured by a federal agency, iustrumentality,or entiry;or(d)Electronic Funds Transfer. Paytnents aza deemed received by Lender wlien received at the location designated in the Note or at such other location as may bc dcsignated by Lender in accardauce tiuith the notice provisions in Sectiou l5. Lender may return any payment or partial payment if the payment or partial payments arc insufficient to bring the Loan current.Lender may accept any paymcnt or partial payment insufficient co bring the Loan current,without waiver of any rights hereunder or prejudicc 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 Payment is appiied as of its scheduled due date,then Lender need uot pay interest on unapplied funds.Lender may hold such unapplied funds until Borrower 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 Borrower.If not applied earlier,such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure.No offsat or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payinents due under the Note and this Seeurity InsYrument or peifonning the covenants and agreements secured by fhis Security instrument. 880114336t 8801143364 NcBRASKA-$ingle Family-Fannie hlaelFreddie M1tac U\IFORM INSTRUI�9ENT WITH h1ERS Form 302E 1I01 VMP Q VMPBA(�`E)I'�1C5) Wol�ers Klueve�Financia�.Services Page 4 of 17