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20120538� Parcel ID Number: 400102722 1021 S LOCUST ST Grand Island ("Properly Address"): which currently has the address of (Street) (City), Nebraska. 68803 (Zip Code) TOGETI�R WITH a11 the improvements now or hereafter erected on the properry, and a11 easements, appurtenances, and fixtures now or hereafter a part of the properiy. 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 "Properiy." Bonower understands and agr�s that MERS holds only legal title to the interest granted by Bonower in this Security Instrument, but, if necessaty to comply with law or custom, MERS (as nomin� for Lender and Lender' s successors and assigns) has the right: to exercise any or a11 of those interests, including, but not limited to, the right to foreclose and sell the Properiy; and to take any action required of Lender including, but not limited to, rele,asing and 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 Properiy and that the Properly is unencumbered, except for encumbrances of record. �nower warrants and will defend generally the ritle to the Property against a11 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 instrument covering real property. Unifor'm Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges� and Late Charges. Bonower 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. Bonower sha11 also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument sha11 be made in U. S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due under the Note and this S�urity 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 ch�k or cashier's check, provided any 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 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender ma.y accept any payment or paztial 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 fimds. Lender ma.y 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 sha11 either apply such funds or return them to Borrower. If not applied ea.rlier, such funds will Ue applied to the outstanding principal balance under the Note immediately prior to foreclosure. No ofEset 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 S�urity Instrument or performing the covenants and agreements secured by this Security Instrument. 8801229152 N�RASKA-Single Family-Fannie Mee/Freddle Mac UNIFORM INSTRUMENT WRH MERS VMP � Woltera Kluwer Flnenciel Servicea 8801229152 Form 3028 1/01 VMPBA(N� (1105) Page 4 of 1 r � , V . � "