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TRANSFER OF RIGHTS IN THE PROPERTY 201303388 1111069878 under RESPA. (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. 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 Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY (Type of Recording Jurisdiction) of HALL (Name of Recording Jurisdiction) THE NORTH SIXTY (60) FEET OF LOT TWO HUNDRED SEVENTY NINE (279) IN WEST LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THE NORTH SIXTY (60) FEET OF A TRACT SITUATED IN .A PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SE1 /4SE1 /4) OF SECTION EIGHT (8), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA WHICH TRACT IS MORE PARTICULARLY DESCRIBED IN ITS ENTIRETY AS FOLLOWS: BEGINNING AT A POINT OF THE SOUTH LINE OF SAID SECTION, 34 RODS WEST OF ITS SOUTHEAST CORNER, RUNNING THENCE WEST ON SAID SOUTH LINE 7 RODS AND 9 1/2 FEET; THENCE NORTH 12 RODS, THENCE EAST 7 RODS AND 9 1/2 FEET, THENCE SOUTH 12 RODS TO THE PLACE OF BEGINNING. which currently has the address of 1311 N GRAND ISLAND AVE, GRAND ISLAND, 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 Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS hold only legal title to the interests granted 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, 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 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 Late Charges. 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. Borrower 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. NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I& 338.9 Page 3 of 14 Form 3028 1 /01