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�0�2Q9421 1111066790 (R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower inevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the CoUNTY (Type of Recording Jurisdiction) of HALr, (Name of Recording Jurisdiction) LOT EIGHT (8), BLOCR ONE (1), CAPITAL APsIdHTB TI3IRD 3IIBDIVISION, IN THE �CITY OF GRAND I3LAND, HALL COIINTY, NEBRASKA which currently has the address of 4219 VERMONT AVE, aRAND I3LAND, NE 68803 ("Property Address"). 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 5ecurity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Bonower understands and agrees that MERS hold only legal title to the interests granted by Bonower 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 aU 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, 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. Bonower wanants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT 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 follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and La rges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by th ote an any prepayment charges and late charges due under the Note. Bonower shall also pay funds f r Escrow tems pursuant to Section 3. Payments due under the Note and this Security Instrument shall e`�tnacj�'�-'n U.S. currency. However, if any check or other instrument received by Lender as payment under the'l�ote or this Security Instrument is returned to Lender unpaid, Lender may require that any or all 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 entity; 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 Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to NEBRASKA—Single Family—Faanie Mae/Freddie Mac UNIFORM INSTRUMENT � 338.8 Page 3 of 14 Form 30281/Ol