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201206909 Parcel ID Number: 400155354 which ciurently has the address of 1924 Freedom Dr (scYeec� Grand Island (Ctry). Nebraska68803 �ztpcode) ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property,and all easements, appurtenances,and fixtures now or hereaiter a part of the property. All replacements and additions shall also be covered by this Security Instrument.All of the foregoing is referred to in this Secttrity Instrumeut as the "Property." Borrower understands and agees that MERS holds only legal title to the interest granted by Borrower 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 right: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 Sewrity Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby wnveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and deatands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vaziatious by jurisdiction to constitute a unifortn secwity instrument covering real property. Uniform Covenants.Borrower and Lender covenant and agree as follows: 1. Paymentof Principal,lnterest, Escrowltems, PrepaymentCharges,and LateCharges.Borrower shall pay when due the principal of,aud interest ou,the debt evidenced by the Note and any prepayment charges and late c6arges due under the Note. Sorrower shall 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. Howevey if any check or other instrument received by Lender as payment under the Note or this Securiry Instrument is returned to Lender unpaid,Lender may requ've that any or all subsequent payments due under the Note and this Securiry Instrument be made in one or more of the following forms,as selected by Lender: (a)cash; (b)money order;(c)cer[ified check,bank check,treasurer's check or cashier's check,provided any such check is drawn upon an institution whose deposits aze insured by a Federal agency, instrumentality,or entiry;or(d)Elechonic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the Note or at such other loeation as may be designated by Lender in accordance with the notice provisions in Section I5. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial 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 suc6 payments are accepted. If each Periodic Payment is applied as of its scheduled due date,then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds uutil Borrower makes payment to bring the Loan cnn•ent. If Borrower does not do so within a reasonable period of time,Lender shall either apply such funds or retnrn them to Borrower. I£not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to forecloswe.No offset or claim which Borrower might have now or in the future agaiast Lender shall relieve Botrower from making payments due under the Note and this Security InsWment or performing the covenants and ageements sectued by this Security Instrument. NEBRASKASInqle Femily-Fannie Mae/Fretltlle Mac UNIFORM INSTRUMENT WITH MERS Fortn 3028 1/01 VMP� VMPBA(NE)(1705).00 Wolters qwrer Finenclel Services Page 4 of 1] ii��i!!�i i iii iiiiii i��i�i�ii i ii i i i i i i iiiii iii fG �1 l�