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20 �20�44� 451209461 TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely 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 repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Barrower's covenants and agreements under this Security Instntment and the Note. For this purpose, Bonower irtevocably grants and conveys to Trustee, in ttust, with power of sale, the following described property located in the CoUNTY (Type of Recording Jurisdicrion) of SAI,L (Name of Recording Jurisdiction) LOT FOIIR (4), INDIANSPAD SIBTB 3IISDIVISION IN THE CITY OF GRAND I3LAND, HALL COIINTY, NESRASRA. which currently has the address of 3330 3C8R08DER AVS, GRAND ISLAND, N!3 68803 ("Property Address"). 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 addirions shall 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 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 Secutity 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. Borrower wartants and will defend generally the title 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 variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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. Bonower 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. However, if any check or other instrument received by Lender as payment under the Note or this Security Insm�ment is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Secutity 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 institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments ate deemed received by Lender when received at the location designated in the Note or at such other locarion as may be designated by Lender in accordance with the norice provisions in Section 15. Lender may retum 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 rights hereunder or prejudice to its rights to refuse such payment or partial NEBRASKA—Single Family—Fennie Mae/Fr�die Mac UNIFORM INSTRUMENT � 338.8 Page 3 of 14 Form 3028 L01