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� 201206729 Parcel ID Numher: 400066629 which cuerendy has the address of 1504 S NEWCASTLE RD (,Street) Graud Island (CityJ, Nebraska 68801 (7,ipCode) ("Property Address"): TOGGTHER WiTH all the improvaments now or hereaffcr crected on thc property, and all ensements, appurteuances, and fixtuees now or hereafter a part of the property. All replacements and additions shall also be covered by this Securiry Instrument AlI of the foregoing is referred to in this Security InsCroment as the "Property." Borrower understands and ngrccs that MERS holds only leaal title to the interest grantcd by Borrower in this Security instrument, but, if necessary to comply with Iaw or custoin, MHRS (ns nominee for Lender aud Lender's successors and assigns)has tlie righC: to exercise any or alI of those interests, ineLuding, buE nof limited to, the right fo foreclose and sell tlic Property; and to take any aciion required of I,ender including, but not limited lo, reLeasing and canceling tY�is Security Instru�nenf. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to granl and convey tl�e Property attd[hat the Propeity is unencumbered, except for encambrances of'record. Borrower warranis and will defend generally the tit[e to the Properry against all claims and demands, subject to any e��cumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use nnd non-imiform � covenants witli limited variations by jurisdiction to constitute a uniform securiry instrume�rt covering rcal property. Uniform Covenants. Borrower and I.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest ou, the debt evidenced by the Note ancl any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow items p�rsuant to Section 3. Payn�ei�ts due under the Note and this Security lnstrament shall be made in i7.8. currency. However, if any check or other instrument received by I.ender as payment under the Notc or[his Securiry Listrument is returned to Lender unpaid, Lendcr may require that any or all subsequent payments due under tlie Note and this Security Instrument be made in oue or more of the following forms, as selected by Lender: (a)cash; (b)mouey ordcr; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn t�pon a�i��stitution whose deposits are insured by a federal agcncy, insG'umentatity, or entity; or (d)Electronic Funds Transfer. VaymenCs are deemed received by Lender when reeeived at the location designated in the Note or at such other location as may be desig�ated by Lender in accordance with the notice provisions in Section 15. Lender may return any paymenC or partial payment if the payment or partial payments are insufficie�it to bring the Loan current. Lender may accept any paymeeiC or partiaL payment insu�cient to bring the Loau carrent, without waiver of any rights hereundcr or prejudice to its rights to refnse such payment or partiaL payments in Lhe f'uture, Uut Lender is not obligated to apply such payments at Ehe time such payments are accepted. lf each Periodic Payment is applied as of its scheclaled due date, then Lender need not pay interest � on unapplied funds. Lender may liold such miapplied funds until Borrower makcs payment to bring the f,oan current. If Borrower does not do so within a rcasonable period of timc, Lender shall either apply such funds or return them to Borrower. if not applied earlier, snch funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offseY or daim which Sorrower might have now or in the future against Le��der shall relieve Bon�ower from making paymcnts due under the Note and tltis Security instrumenE or performing Ihe covei�ants a�id agreemeiris secueed by this Seeuriry Instrument. 88012522fiB 8801252266 NEBR0.5KA-SingleFamlly-Fannie MeelPretldle Mac IINIFORM INSTRUMENT WITH MERS Form 3028 V09 VMP� VMP6A(NEf(11057 Wolters Kluwer Financial Services Page 6 o11P