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201207723 (R) "Successor in Interest of Borrower"means any party diat has taken title ro the Property, whethcr or not lhat party has assumed Bo�rower's obligatious under the Note and/or this Secucity Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of lhis Security Instrument is MERS (solely as nominee for Lendcr nnd Lender's successors and assigns)and the successors and assigns of M ERS. This Security Instrument secures to Lender. (i) lhe�epayment of the Loan, and all renewals, cxtoosions and modifications of the Note; nnd (ii) thc performance of Qorrower's covenanfs and agreements under this Security Instrument and the Notc. For this purpose, I3orrower irrevocably gran[s and conveys to Truslee, in trust, with power of salc, lhc following described properly located in thc COUNTY o[ Hall �Type of Recording Jurisdiclion] [Nume of Recoeding hirisdietion� The following described property: Part of the Southwest Quaster of the Southwest Quax�ter (SW1/4SW1/4) of Section 'It�v��ty-One (21) , Township Eleven (11) North, Range Nine (9) West of the 6th P. M., Hall County, Nebraska descr�becl as follows: Cam�ncing at a point 655.5 feet West of the Southeast comer of the Southwest Quarter of the Southwest Quarter (SWl/4SW1/4) of Section TWenty-One (21) , Township Eleven (11) North, RaixJe Nine (9) West of the 6th P.M. , Thence North parallel with the Section line a distance of 240.7 feet, Thence West parallel with the Section a distance of 96.1 feet, Thence South 240.7 feet to the Section line, Thence East 96.1 feet to the Point of Begiruung, excepting a tract therefran as recorded in Warranty Deed recorded as Dociu[�nt No. 83-001031. Assessor's Parcel No: 400147920 which currently has the address of 2 024 W STOLLEY PARK RD �Strccry GRAND ISLAND , Nebraska 68801 ("PropertyAddress"): [Ci�YI �Zip C�alel TOGETHER WITH all the improvements now o� hereafter erected on the property, and all �ascments, appurtenanccs, and fixtures now or hereafter a part of the property. All replacements and additions shall ulso be covereA by[his Security I�strunient. All of the foregoing is rcferred to in this Sewriry Instrmncnl as lhe"Property." Borrower understands and agrees lhat MERS holds only legal title to the interests grantcd by Borrower in this Security Instrument, but, if necessary to comply with law or cuswm, MERS(as wminee for Lender and Lender's suceessors and assigns)has the right: to exercise any or all of lhose inlcrosls, including, but not limited lo, the right to foreclosc and sell thc Property; and to take any action required of Lender including, but not limited to, releasing and canccling this Secu[ily Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and hxs lhc right to grant and convcy the Property and that the Property is unencumbered, exczpt for encum6ranccs of rewrd. Borrower wazrants and will defcnd generally the tiUe ro the Property against ull claims ttnd demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT com6ines uniform covenants for nationsl uscand non-tmiform covenants with limited variations by jurisdiclion lu conslitute a uniform security instrumcn[covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest,F.scrow I[ems,Prepayment Charges,and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt zvidenced by the Notc and nny prepayment charges and late charges due under [he Note. Burrower shall also pay funds for F.scrow Ite�ns pursuxnt to Sec[ion 3. PaymenYs due NEBRASKA--Single Family--Fannie NlaelFreddie Mac UNIFORM INSTRUMENT-MERS po�yl��ppp� Form 3028 1101 Page 3 of 15 www.docmagic.com