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. � . 201208202 Parcel ID Number. 400214024 which currendy has [he addreas of 3414 S Shady Bend Rodd (Sareet) Grand Island (Cit�•), Nebraska 68801-8742 (zipCode) ("Property Address"): TOGETHER WITH all tlie improvements now or hereafter erected on N�e prope�ty, and all easements. appurteiuv�ces, and fixtures now or liereafter a part of[he property. All replacements:uid additions shall al�i be covered by this Sewrity Instrument. All of the foregoing is referred ro ii�this Security Ins[rument as t6e "Propetty." Borrower understa�ds and agxees diat MSRS holds oi�ly legal title to the interest grauted by Borrower in this Securiry Ins[rument, hut, if necessary to comply widi law ur cus[um, MERS (as uonrinee fo� Leuder and Lender's successors aud assigns)has t6e riglih to exercise any or all of tliose iutecests, including, but not linilted to, the right to foreclose and sell the Properry; and to take auy action required of Lender including, but i�ot linuted to, releasing and canceliug diis Secariry Instrument. BORROWER COVENANTS tliat eorrower is lawfully seised of the estate hereby conveyed aud l�aa the right to g�ant and convey the Propecty and tUat the Property is unencumbered, except for evcumb�ances of record. Borrower warrants and will defend generally the title to the Property against all claintis and deirwnJs, subject to any e��cumbrances of record. THIS SECURITY INSTRUMENT wmbines uniform covenants for iiatioual use and non-uniform covenauts with li�rired variations by jurisdiction to co��stitute a unifnrm security iustrument covering xeal property. Uniform Covenants. Borrower and L.ender coveiwnt and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borruwer s6all pay wheu due the principal nf, aud iurerest on, the debt evideviced by the Note and any prepayment cha�ges and late charges due uuder the Note. Borcowex sliall also pay funds tbr Escrow Items pursuaut to Sectiou 3. Payments due under the Note and this Security Hustrument sl�all be roade in U.S. curreucy. However, if any check o�other instrument received by Lender as paymeut unde�die Note o�tUis Security lnstrument is remrned to Lendec uupaid, Lender may cequire that any or all subsequent payments due under tlie Note and d�is Securiry Iustmment be made iu one or more of the following forn�s, as selected by I.evder. (a)cash; (b) mouey order, (c) certified check, bauk check, veasurer's check nx cashier's check, provided any such check is drawn upon an institution whose deposits axe insuxed by a federal agency, instrumentality, or entiry; or(d) Electrovic Fands Trausfe�. Payruents are deemed received by Lender when received at the location desig�wted in the Note or at such other location as may be desiguated 6y Lende�in accorda�u:e wi[h the notice provisions in Sec[inn 15. Lender may return any payment or partial payment if the paymeuf or partial payments are insufficient to bring the Loan current. L.ender may a+:cept any payment u�partial payment iusuf6cient to bring Nie L oan current, without waiver of ttny rigUts hereunder or pxejudice ro its rights w refuse suoh payment o�partial paymeuts in the futuce, but Lender is not obligated ro apply such payuients at the time sach paymeuts are accepted. If each Pe�ic�ic Payment is applietl as of its sc6eduled due date, tlien l.eude�need not pay interest un unapplied funds. Lender may hold such mtapplied fuuds uutil Boxxower makes payment ro bring the Loan current. lf Bo�rowe�does uot do su witliin a reasonable period of time, Lender sUall either apply such funds or re[urn tUem tu Borrower. If not applied earlier, such funds will be applied[o[he outs[anding principxl balauce under the Note immediately priox to fi�reclosure. No offset or claim wUich Borrower might have now or in tlie future agaiiLst Levcler s6a11 relieve Borruwer from making payments due uiider the Note and tl�is Security L�strument or perfornung N�e coveuauts aud agreements secured by this Secu�ity Instrument. 106ANE 00088]943220 `�ep�ember11,2012 NEBRASKA�Single Family�Fannie Mae/F�etltlie Mac UNIFORM INSTFl1MENT 141TH MERS Farm 3026 1/01 VMP� VMPBAME)111051.00 Wolcera Kluwer Flnancial$ervices Page 4 af 1�