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��1��72� Par+cel ID Number. 400115727 1720 N Graad Islar�d Avenue Graad Island ("Property Address"): which cuirently has the address of (street) (City), Nebraska 68803 (Zip Code) TOGETHER WI1'H all tha improvements now or hereafter ere�d on tha property, and a11 easements, appurtenances, and fixtures now or hereafter a part of tt►e properiy. All replacsments and addirions shall also be covered by tlus Security Instrument. All of the foregoing is referred to in tUis Security Instrument as the "Progeriy." Borrower understands and agrees that MERS holds only legal ritle to the interest granted by Barrower in ttus Security Instrument, 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 all of those interests, including, but not limited to, the right to fore,close and sell the Properiy; and to take any action required of Lender including, but not limited to, releasing and c�nceling tlus Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyeri and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against a11 clauns 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 sec�mty instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, E�crow Items� Prepayment Charges, and Late Charges. Borrower sha11 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 tiris Security Inslrument shall be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this S�ity Instrument is returned to Lender unpaid, Lender 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 selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's che,ck or cashier's check, provided any such check is drawn upon an institution whosa deposits are insured by a federal agency, instrumentality, or entity; or (c� 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 Se�tion 15. Lender may return any payment or paztial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or paztial payment insufficient to bring the Loan cuirent, 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 applie� as of its scheduled due date, then Lender nead not pay interest on unapplied fimds. Lender may hold such unapplial fimds until Borrower malces payment to bring the Loatt 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 earliar, such funds will be applied to the outstanding principal balance under the Note immediately prior to fore�closure. No offset or claim which Bonower might hava now or in the future against Lender shall relieve Borrower from malcing payments dua under the Note and this S�urity Instriunrmt or performing the covenants and agreements secured by tlus Sacurity Instrument. 2200244242 D VBANE NEBRASKASfngle Fempy-FanNe Mae/Freddfe Mea UNIFORM INSTRUMENT WITH MERS Form 3038 7/01 yMp �� VMPBA(NE) (7106) Woitara Kpm� Finandal Servkea Page 4 of 17