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20120417� Parcel ID Number. 43ss w cxArNrArt Rn C�RAND ISLAND ("Property Address"): which currenfly has the address of (Street) (Crty), Nebraska 68803-9511 (Zrp Code) TOGETHER WITH all the improvements 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 Security Instrument. All of the forego9ng is referred to in this Securlty Instrument as the "Property." Borrower understands and agrees that MERS holds only legal Htle to the interest granted by Bonower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the rlght: 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 and canceling this Security Instrument. BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the rlght to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tide 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 varlaflons by jurisdiction to constitute a uniform securIty instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Princlpal, Inter�t, Escrow Items, Prepayment Charges, and L.ate 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 Instivment shall be made in U.S. currency. However, if any check or other inshvment received by Lender as payment under the Note or this Security 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 check or cashier's check, provided any such check is drawn upon an insHtution whose deposits are insured by a federal agency, instrumentality, or enHty; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the locaflon designated in the Note or at such other locaflon as may be designated by Lender in accordance with the noflce provisions in Sectton 15. Lender may return any payment or partial payment if the payment or partial payments are insuffldent to bring the Loan current. Lender may accept any payment or partial payment insufficient to brlug the Loan current, without waiver of any rlghts hereunder or pre,judice to its rlghts to refuse such payment or partial payments in the future, but Lender is not obllgated to apply such payments at the time such payments are accepted. If each Perlodic 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 Bonower does not do so wlthin 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 outstand�ng principal balance under the Note immediately prlor to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Inshvment or performing the covenants and agreements secured by th9s Security Instrument. 001122994783 Ckibank 3.2.55.07 V1 NEBRASKA-Single FamAyFannle Mae/F►eddle Mec UNIFORM INSTRUMENT WIiH MERS Form 3028 1l01 vnnr � vn�enM� (�aos).00 Wolters Kluwer Flnancial Services Page 4 of 17