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20120�65ti Parc�el ID Number 400114348 416 Sherman Ave Grand Islaad ("Progerty Address"): wluch cunently has the address of (srreet) (City), Nebraska 68803 (Zip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, �d all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by tlus Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Horrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in tUis S�urity Insbniment, 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 fareclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and c�nceling this Security Instr�nnent. BORROWER COVENANTS thai Borrower is lawfiilly seised of tha estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, exc�pt for encumbrancas of record Borrower warrants and will defend generally the titla to the Property against all claims and demands, subject to any encumbrancxs of record. THIS SECURTTY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instnmoent covering real property. Uniform Covenarrts. Horrower and Lender cov�t and agree as follows: Payment of Principal, Inter�est, Fscrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and tlus Se�urity Inslrument shall be made in U. S. currency. However, if any check or other instnmdent received by L,ender as payment under the Note or ttus Security Instrument is returned to Lender unpaid, Lender may require that any or all subs�uent payments due under the Note and tlus S�urity Instrument be made in one or more of the following forms, as selected by Lendar: (a) cash; (b) money order; (c) certified check, bank check, tr�surer' s check or cashier' s check, provided any such check is c�awn upon an institution whose deposits are insured by a federal agency, instrumeatality, or entity; or (� Electronic Funds Transfer. Payments ara deemed received by Lender when received at the location designated in the Note or at auch other location as may be designat� by Lender in accordance with the notice provisions in Section 15. Lender ma.y return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender maY �Pt �Y P$Y�t 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 paymeats at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender ne,ed not pay interest on unapplied fimds. Lender may hold such unapplied funds imtil Bonower makes payment to bring the Loan current. If Bonower does not do so within a reasonable period of time, Lender shall either apply such funds or rehun them to Borrower. If not applied earliar, such funds will be applie3 to the outstanding principal balance under the Note immediately prior to for�losure. No offset or claim which Borrower might have now or in the fiihu�e against Lender ahall relieve Borrower from making payments due under the Note and this Sect�rity Instrument or performing the covenants and agreements s�ured by tlus Security Insltument. 2200300133 NEBRASKA-Stngte FamQy-Pennie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS W�e KNw� Fh�andal Servicea D VBANE Form 3038 1 /01 VMPBA�NE) (110b) Paga 4 of 17 �