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201201689 Pal'C21 ID NUmb2r:400392666 which currently has the address of 4120 WEST FAIDLEY AVENtJE (Streei% Grand Island (City), Nebraska 68803 (Zip Code) ("Property Address")_ TOGETHEA��v'ITH all the improvements now or hereafrer erected on the property,and all easements, appurtenances,and fiatures now or hereafter a part of the property.All replacements and additions sha11 also be covered by this Security Instrument.All of the foregoing is referred to in this Security Instrument as the "Property."Borrower understands and agrees that MERS holds only legal title fo the interest granted by Borrower in this Security[nstrnment,but, if necessary to comply with law or custom,MERS(as nominee for Lender and Lender's successors and assigns)has the right:to exercise any or aIl of those inferests, 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 and canceling this Security lnstrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to gra�it and convey the Property and that the Properiy is unencumbered,except for encumbrances of record. Borrower warrants and will defend geneeally 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 jurisdiction to constitute a uniform security instr�ment 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.Payme�its 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 Securiry Instrument is returned to Lender unpaid,Lender may require that any or all subsequent payments due under the Note and tliis Security instrument be made in one or more of tlie following forms,as selected by Lender: (a)cash;(b)money order;(c)certified check,bank check,treasurer's check or cashier's check,provided airy such check is drawn upon an institution 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 I5. Lender may return any payment or partial payment if the payment or partial payments aze insufficieut to bring the Loan current.Lender may accept 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 obligated 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.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 outsta��ding principal balance under the Note immediately prior to foreclosure.No offset or claim which Borrower might have now or in the future against Lei�der shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by tliis Securiry instrument. 6801159510 8801159510 NEBRASKA-Single Family-Fannie MaefFreddle Mac UNIFORM INSTRUNENT WITH MFRS Form 3028 1!07 VMP� VMP6A(NEj�7705) W olters Kl�wer Flnanclal Servlces Page 4 of 17