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20120617�J iiiioesaii TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solety as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repaymeat of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instn�ment and the Note. For this purpose, Borrower irrevocably grants and conveys to Tr�stee, in tnist, with power of sale, the following descnbed property located in the CoUt�rrY (Type of Recording Jurisdiction) of sAZ.L (Name of Recording Jurisdiction) LOT SEVEN (7), INDIANHRAD BUBDIVISION, IN TFiL� CITY OP' GIRAND I3LAND, HALL CO'ONTY, NSBRASRA wluch currently has the adclress of 4118 BIICKINGH�M DR � GRAND I3LAND i NE 6 8 8 03 �"PIO�rI}r Address°). TOGBTHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereaRer 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." Bonower understands and agrees that MERS hold only legal title to the interests granted by Borrower in this Secwity Tnshvment, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns} has the right to e�ercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Pmperty; and to take any action required of Lender including, but not limited to, releasing 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 Property and that the Property is unencumbered, except for encumbrances of record. Boaower warrants and will defend generalty the title to the Property against all claims aad demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines nniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform security instrument coveriag real property. [JNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Boaower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late chazges due under the Note. Borrower shatl also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check ar other instrument received by Lender as paymeni under the Note or this Securiry Instrument is returned to Lender unpaid, Lender may require that any or a!1 subsequent payments due under the Note and this Secuzity Instrument be made in one or more of the following forms, as seleoted by Lender: (a) cash; (b) money order; (c) certified check, bantc check, treasurer's check or cashier's check, provided any snch check is drawn upon an institution whose deposits are inswed by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. � Payments are deemed received by Lender when received at t6e 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 curtent. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any righcs hereunder or prejudice to its rights to refuse such payment or partial NEBRASI{A—Single Family—Fannie MaelFreddie Mac UNIFORM iNS7'RUMEN'f +� 338.8 Page 3 of 14 Farm 3028 I/0! I� '