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201208268 Parcel ID Number: 400109786 which currently has the address of 1408 W John St (StreetJ Grand Island �c�cy�, Nebras1ca68801 �z�Pcode� ("Property Aadress"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Securiry Instrument.All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and a�ees that MERS holds only legal title to the interest ganted 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 Property;and to take any action required of Lender including,but not limited to,celeasing and canceling this Security Instrument. BORROWER COVENANTS that Rorrower is lawfully seised of the estate hereby conveyed and has ihe right to grant aud convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encuxnbrances of record. THIS SECURIT'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variatious by jurisdiction to coastitute a uniform security instrument covering real P��P�Y• Uniform Covenants.Borrower and Lender covenant and agree as follows: 1. Paymentof Principal,lnterest, Escrowltems, PrepaymentCharges,and LateCharges.Bonower shall pay when due the principal of, and interest on,the debt evidenced by the Note and any prepayment chazges and late chazges due under the Note. Borrower s6a11 also pay funds For Escrow Items pursuant to Section 3. Payments due under the Note and this Sec�iry Instrument shall be made iu U.S. cucrency. However, if any check or other instrument received by Lender as payment under the Note or this Secunty Instrument is retnrned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and tlus Secwiry 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, treasucet'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 entity; or(d)Electronic Funds Transfer. Payments aze deemed received by Lender�vhen 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 Section 15. Lender may return any payment or partial payment if the paymeut or partial payments aze insufficient to bring the Loan current. Lender may accept any payment or par[ial payment insufficient to bring the Loan current,without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial paymenu in the future,but Lender is not obligated W apply such payments at the time such payments are accepted. If eac6 Periodic Payment is applied as of its scheduled due date,then Lender need not pay interest o¢uuapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such fitnds or retum 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 Borrower might have now or in the future against Lender shall relieve Borrower from making paytnents due under the Note and this Security Instrument or performing the covenants and agreements sewred by this Securiry Instrument. NEBRASKASiigle Family-Fannie MaNFmddie Mac UNIFORM INSTRl1MENT WITH MERS � (�h1 Foim 3028 1/01 WdtersKluwerFlnericlal5ervices �-'' 1 \ ��NPa�ge45f� Iff 1111�IIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIillllll \� q0331 769901 0233 185 0417