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201203�8�
<br />1111062347
<br />not that party has assu�med Borrower's obligations imder the Note and/or th�s Security Instr�meat.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrnment is MERS (solely as nominee for Lender and Lender's successors
<br />and assigas) and the successors and assigns of MERS. This Secuzity Instr�ment secures to Lender: (i) the
<br />repayment of the Loan, and all renewals, extensions and modi�ications of the Note; and (u� the perfo�ance
<br />of Borrower's covenants a.nd agreements ixnder this Security Tnstrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located 'm the COIIrTTY (Type of Recording Jurisdiction) of �LL (Name of Recording J�sisdiction)
<br />LOT TATLNTY 3SVEN (27) , SLOCR °D°, PAR.R-VIEW SDBDIVISION, Tb7 T88 CTR'Y OF
<br />GR�iND ISI,AND. HALL CDIINTY, NSBRASKA.
<br />which currentiy has the address of 2512 PiONBER BLYD, GR�iND IS7,A�TD, NTs 68801 ("Property
<br />Address").
<br />TOGETHER WITH all the improvements now or herea�ter erected on the property, aad all
<br />easements, appurtenances, and fixtures now or heresfter a part of the property. All replacements and
<br />additions sha,llll aLso be covered by this Security Insttument All of t'he foregoing is referred to in this Security
<br />Instrument as the "Property." Borrower understands and agrees that MERS hold only legal title to the
<br />interests granted by Borrower iun this Secuzity Instnmient, but, if necessary to comply �rith law or custom,
<br />MERS (as notninee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, includin.g, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing and canceling this Security Tnstrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br />has the right to grant and'convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants aad will defend generally the title to the Property against all
<br />claims and d.emands, subject to any encumbrances of record. �
<br />THIS SECURITY INSTRUMENT combines uniform covena,nts for nationa.l use and non-uniform
<br />covenants with limited variations by jurisdiction to coasfitute a nniform security instrument coveri.ng real
<br />Pr�P�'•
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
<br />Borrower sh�ll pay when dne the principal o� and interest on, the debt evidenced by the Note and any
<br />prepayment charges and late charges dne under the Note. Bormwer sha11 also pay funds for Escrow Items '
<br />pursuant to Section 3. Payments due under the Note and tlus Security Instrument shall be made in U.S.
<br />cusrency. However, if any eheck or bther instrume� received by Lender as payment under the Note or this
<br />Security Instzument is re�ned to Lender unpaid, Leader znay require that any or all subsequent payments
<br />d�e under the Note and this S�urity Iastinament be made in one or more of the following forms, as selected
<br />by Lender. (a) cash; (b) money order; (c) certified check, bapk check, treasurer's check� or cashier's check,
<br />provided any such �heek is drawn upon an institution whose deposits are insured by a federal agency,
<br />instru�mentality, or eatity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated m the Note ar at
<br />such other location as may be designated by Lender in accordance with the notice provisions in Section 15.
<br />Lendez may return any payment or partial payment if the payment or partial payments aze insufficient to
<br />bring the Loan current. Lender may accept auy payment or partial payment insu.�fficient to bring the Losu
<br />NEBR�ISKA�mgle Pam7y—Fannie Mae/Freddie Mac UIVIFORM INS7'RUMENi'
<br />� 338.8 Page 3 of 14 Form 30281lO1
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