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20120�64� (R) "5uccessor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Bonower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instnunent is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MER5. This Security Instrument secures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the COiTNTY of HALL . [Type of Recording Jurisdicdon] A.P.N.: 400027917 [Name of Recording Jurisdicdon] LOT ONE HUNDRED SIXTEEN (116), BUENA VISTA SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA which currently has the address of GRAND ISLAND [��Y] 1108 S VINE ST [Street] , Nebraska 6 8 8 O 1 [Zip Code] ("Property Address"): TOGETHER WITH a11 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 additions shall also be covered by this Security Instrument. All of the foregoing is refened to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instnunent, 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 Properly; 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. Bonower warrants and will defend generally the title to the Property against all claims and demands, subj�t 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 properly. UNIFORM COVENANTS. Bonower and Lender covenant and agr� as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charge.s. Bonower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges and late chazges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Form 3028 1/01 Page 3 of 15 . �� �ocMaglc � www.docmagic.com �1 Ne3028.mzd.xml