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�0120787�
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />, The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns)
<br />' and to the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan,
<br />and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />', Trustee, in trust, with power of sale, the following described property located in the County of Hall:
<br />Lot Sixteen (1�, Block Three (3), Summerfield Estates Fourth Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska
<br />Parcel ID Number: 400421283
<br />which currently has the address of 3910 Partridge Cir
<br />Grand Island, NEBRASKA 68803, ("Property Address"):
<br />TOGETHER WITH a11 the improvements now or hereafter erected on the properly, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered
<br />by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument,
<br />but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has
<br />the right: to exercise any or a11 of those interests, including, but not limited to, the right to foreclose and sell the Property;
<br />and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrumen�
<br />BORROWER COVENAN'TS that Bosower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Progeriy and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
<br />of record.
<br />THIS SECURITY INSTRLTMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UMFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower sha11 pay
<br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by
<br />Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any
<br />or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following
<br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may retutn any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may
<br />accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or
<br />prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such
<br />payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then
<br />Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Bonower makes payment
<br />to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such
<br />funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance
<br />under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future
<br />NEBRASKA -Single Family-Fannie Mae/Freddle Mec UNIFORM INSTRUMENT with MERSForm 3028 1/01
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