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ti0120�01� Parcel ID Number: 400102110 724 SOUTH CHERRY STREET Grand Island ("Properly Address"): wluch cutrently has the address of (Street) (Cdty), Nebraska 68801 (Zip Code) TOGETHER WITH a11 the improvements now or hereat�er erected on the property, and all �sements, appurtenances, and fixtures now or here�after a part of the property. All replacements and additions shall also be covered by this Security Insirument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by 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 to foreclose and sell the Properiy; and to take any action required of Lender including, but not limited to, releasing and c�nceling ttus Security Instrument BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Properiy is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the ritle to the Property against a11 clauns and demands, subject to any encumbrances of record T'HIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with luxuted variations by jurisdiction to constitute a uniform security instrument covering real property. UnfForm Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and late Charges. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and ttris Security Instivment sha11 be made in U. S. currency. However, if any ch�k or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or enrity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in S�rion 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment 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 payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Bonower does not do so within a reasonable period of time, Lender sha11 either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Bonower might have now or in the future against Lender shall relieve Bonower from making payments due under the Note and tlus Security Instrument or perfornring the covenants and agrcements secured by ttris Security Instrument. 8807311850 N�RASKASingle Femfly-Fennie Mee/Freddle Mec UNIFORM INSTRUMENT WITH MERS VMP � Wolters Kluwer Flnencial Services 8801311950 Form 3028 1/O1 VMPBA(N� (7105) Pege 4.oi 1 ��