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201207868 Parcel ID Number: 4001 147 1 2 which currently has the address of 512 WEST AVE (Smeet) GRAND ISLAND (Ciry), Nebraska 68803 (ZipCode) ('Property Address"): TOGETI-�R WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, arid fixtures now or hereafter a part of the property. All replacements and additions shafl also be covered by this Security InsVument. All of the foregoing is referred to in this Securig�instrument as the "Property." Borrower understands and agrees that N�RS holds only legal title to the interest granted by Borrower in this Security Tnstrument, but, if necessary to comply with]aw 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 tq 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 Security Instrument. BORROWER COVENAIQTS that Borrower is lawfully seised of the estate hareby conveyed and has the right to grant and wnvey the Property and that the Properfy is unencumbercd, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property againsl all claims and demands, subject[o any encumbrances of record. THIS SECURITY I1�STRLJMENT com6ines uniform covenants for national use and non-tmiform covenants with limited vaziations by jurisdiction to constitute a uniform security instrument covering real property. U�ifORn Covenants. Borrower and Lender eovenant and agree as follows: 7. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due t6e principal of, and interest on, the debt evidenced by the Note and any prepayment char�es 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 this Security Instrument shall be made io U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this SecuriTy InsGvment is recurned[o Lender unpaid, Lender may require that any or all subsequent payments due under tlie Note and Ihis Secnrity Instrument be made in one or more of the'Following forms, as selected by Lender: (a)eash; (b)money order, (c)certified check, bank check, treasurer's cheek 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)Elearonic Funds Transfer. Payments aze deemed received by Lender when received at the location designated in the No[e or at such oCher location as may be designated by Lender in accordance with the ootice provisions in Sec6on 15. Lender may return any paymen[or partial payment if the payment or partial payments aze insufficient to bring the Loan current Lender may aceept any paymen[or partial payment insufficient to bring the Loan carrent, withoo[waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments iu the future, but Lender is not obligated to apply snch payments at the time such payments are accepted. If each Periodic Payment is applied as of its seheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment[o bring the Loan eurrent. If Borrower does not do so wifhin a reasonable period of time, Lender shall eifher apply such funds or return them Co Borrower. If not applied earlier, such funds will be applied to the ouCsfanding 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 relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements sewred by t6is Securiry instrument. 8841288089 8801268003 NE6RASKh-Single Pam Iry-Fannie M aelFredtlie M ac lIN IFORM M STRUM ENT W ITH M ERS Form 3028 1 r01 VMP Q VMP6A(NE)(1106) Woltere Kiuw er Finanolal Servlces Page 4 of 11