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201209563 Parcel ID Number: 400122820 which currently has the address of 303 W 12th St (Street) Grand Island (Ciry), Nebraska68801 (ZipCode) ("Proper[y Address"): TOGETHER WITH all the improvements now or 6ereafter erected on the property,and all easements, appurteuances,and fixtures now or hereafter a part of the property.All replacements and additions shall also be covered by this Secwiry Instrument.All of the foregoing is referred to in this Secwity Instrument as the "Property."Botrower understands and agrees that MERS holds only legal title to the interest granted by Bonower in t6is Security Instrument, but, if uecessary to comply with law or wstom,MERS (as nominee for Lender and Lender's successors and assigns)has the right: W 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 includi¢g,but not limited to,releasing and canceling this Securiry Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Properry and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend ge�erally the title to the Property against all claims a¢d demands, subject to any encumbrances of record. THIS SECURII'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jwisdiction to constitute a uniform security instrument covering real property. Uniform Covenants.Borrower and Lender wvenant and agree as follows: 1. Paymantof Principal,lnterest, Escrowltems, PrepaymentCharges,and LateCharges.Borrower shall pay when due the principal of,and interest on,the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. cturency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid,Lender may require that any or all subsequent payments due under the Note aud 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 upo¢an institution whose deposits are insured by a federal agency, instrumentaliry,or entity;or(d)Electronic Funds Transfer. Payments aze 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 retum any payment or padial payment if the payment or partial payments aze insufficient to bring the Loan cuaent. Lender may accept any payment or partial payment insu�cient to bring the I,oan cunent,without waiver of any rights hereunder or prejudice to iu rights to refuse such payment or partial payments in t6e future,but Lender is not obligated to apply such payments at the time such payments aze accepted. If each Periodic Payment is applied as of its scheduled due date,then Lender need not pay interest on unapplied fitnds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Boirower does not do so within a reaso�able period of time, Lender shall eit6er apply such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior ta fareclosure.No offset or claim which Boaower might have now or iu the future against Lender s6all relieve Borrower from making payments due under the Note and this Sewrity Instrumeut or performing the covenants and agreements secured by this Securiry Inshument. VMP�SNASingle Family-Fannie Mae/Freddie Mac UNIf-0RM INSTRUMENT WITN MERS VMP�F(ortn�e 45�00 1 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII �� q03310975906 0233 344 0417