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201207846 Parcel ID Number. which currenUy has the address of 1112 W 12TH 3T (Street) GRAND ISLAND (Ciry), Nebruka 68501-3725 (Zip Code) ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on fhe properly, and all easeroents, 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 tLe foregoing is referred to in this Secudty Instrument as the "Property." Borrower understands and agrees thal MERS holds only legal tiUe to ihe interest granted hy 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 [o foreclose and sell the Property; and to take any action required of Lender includ3ng, but not IimiCed to, releasing and canceling this Security Instrument. BORROWER COVENANT'S that Borrower is lawfully seised of the estate hereby conveyed and has the rlght lo grant and convey the Property and tha[ the Property Is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the ti[le to the Property agaiast all daims and demands, subjec[ ro any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenanLs with limited variations by judsdicflon ro constitute a unifortn security instrutnent covering real property. Uniform Covenants. Borrower and Lender covenan[and agree as follows: 1. Payment of Principal, Inter�t, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the pdncipal of, and interest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower shall also pay funds For Escrow Items pursuant to SecUon 3. Payments due under the No[e and fhis Security Inslrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under fhe Note or this Security Instrument is returned ro Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the follocving forms, as selected by Lender: (a) cash; (b) money order; (c) certifled check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an insfltuHon whose deposits are insured by a federal agency, instrwnentalily, or enti[y; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the locaflon designaled in the Note or at such o[her lacation as may be designated by Lender in accordance with tlte notice provisions in SectIon 15. Lender may return ariy paymen[ or parHal payment if the payment or partial paymeat� are Insufficient to bring the Loan current Lender may accept any payment or partlal payment insufficient to bring the Loan current, without waiver of azry righls hereunder or preJudice to its rights [o refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such paymenis are accepted. If each Pedodic Payment is applied as of its scheduled due date, [hen Leuder need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment[o bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall eIther apply such furids or return them to Borrower. If not applied eazlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relleve Borrower from making payments due under ihe Note and tlils Security Ins[rument or performing the covenants and agreemenLs secured by thls Security Instrwnent. 00'1123198769 NEBRASKA-Sinye Family-Fanrue Mae/Fretltlie Mac UNIFORM IhSTRUMENT WITH MERS Crtibenk 3.2.61.'12 V7 VMP� Form 3028 1/01 WWters Nluwer Fi�ncial Services VfNP6A(NE)(7105].00 Page 4 of 17