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Parcel ID Number: 4388 W CHAPMAN RD GRAND ISLAND ("Property Address"): 20�20830� which currenfly has the address of (SYreet) (City), Nebraska 68803-9511 (Zip Code) 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 Security Instrument. All of the forego�ng is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal tide to the interest granted by Bonower in this Security Instr�ment, 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, includiug, but not limited to, the right to foreclose and sell We Property; and to take aziy action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tide to the Praperty against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRiJMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as fallows: 1. Payment of Principal� Intsr�t, Escrow Items. Prepayment Charges� and Late Cherg�. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Nate and any prepayment charges and late c�"arges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payme�s due under We Note and this Securlty Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under We Note or this Securlty Instrument �s returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note az►d this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certifled 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, iastrumentality, or entity; or (� Electronic Funds Transfer. Payments are deemed received by Lender when received at the locaflon designated �n the Note or at such other location as may be designated by Lender 9n accordance with the notice provisions in Sect�ton 15. Lender may return any payment or pardal payment if the payment or partial payments are 9nsufficient to bring the Loan current. Lender may accept any payment or partial payment insutficient to briug the Loan current, without waiver of any dghts hereunder or preJudice to its rights to refuse such payment or pactial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Pedodic 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 Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied eazlier, such funds wlll be applied to the outstanding principal balance under the Note 9mmediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Bonower &om making payments due nnder the Note and this Security Instrument or perForming the covenants and agreements secured by this Security Inshvment. 001122984783 Citlbank 3.2.58.07 V3 NEBRASKA-Single Fampy-Farmle MeelFreddie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 1/01 VMP � VMP6A(N� (7705).00 Wolters Kluwer Flnancial Services Page 4 of 17