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201401367 PaEC�I ED Number: whieh cunrentiy l�as the address of 1703 W LOLTISE ST (Street} GRAND ISLAND (City}, Nebraska�8803-5923 {Zrp Code) ("Property Address"}: TOGETHER WITH all the improvemeats now ar I�ereafter erected on the praperty, and ail easernents, appurtenances, and fi�res now or hereafter a part of the property. All replacements and additions shall also be covered by this Secvrity Instrument. All af the foregoing is referred to in this Security Instrument as the "Properly." Borrower understar�ds and ag�rees that MERS halds only Iegal.tifle to the i�terest granted by Bonrawer in this Security Instrument, but, if necessary to comply with law or cnstom, MERS (as nominee for Lender and �ender's suecessors and assignsj has the right: to exercise any or all af those interests, inclurling, but not limited to, the right ta foreclose and sell tk�e Properly; and to take any action reqnired of Lender including, but not limited to, releasing and eance�ing this Security Ins[rument. BORROWER COVENANTS that Borrower is�lawful�y seised of the es�ate hereby conveyed and has the right to grant and convey the �raper�ty and that tYie Property is unencumbered, except for encurnbrances oft record. Borrower warrants a�d will defend generally the tifle to ttie Property against ali claims and demands, subject ta any encumbran�es af record. THIS S�CURITY INSTRUM�NT cambines uniform cavenants �'ar national use anici non-uniform covenants with liznited variations by jurisdiction ta canskitu#e a unifarm security instrument covering real praperty. Uniform Co�enants. Borrower and Lender cove�ant and agree as follows: �i. Payment af Principal, interest, Escrow Items, Prepayrnent Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment cYearges and late charges due u�der the Note. Borrower shali also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be rnade in LT.S. currency. However; if any chec� or other instr�ent received by Lender as payrnent under the Note ar this Sect�rity Instnr�ent Ls returned ko L.ender unpaid, Lender may require that any or all subsequent payments due trsider the Nate aad this Security Instrument be rnade.in ane or mare of the following forms, as selected by Lender: (a) cash; (b) �noney order; (c) certified check, bank check, freasurer's check or casluer's check, provided any such check is drawn upon an instituti.on �uhose deposits are insured by a federal agency, instrumentality, or entity; or {d) Electronic Funds Transfer. Payments are deemed received by �ender when received at the location designated in the Note or a# sueh nther location as may be designated by Le�der in accordance with the notice prov�is3ons in Section 15. Lender may return any payment or partial payment if the payment or pac'Ual payments are iu�sufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or prej�dzce to its rigi�ts to refuse sach payment ar parlial payments in the fature, but Lender is nat obligated to apply snch payments at the time sach payments are aecepted. If each Periodic Payment is applied as af its scheduled due date, then Lender need no# pay interest on nttapplied fiutds. Lendez'may hold such unapplied funds untit Borrower makes payment to bring the Loan current. If Borrowez�does not do so witl�in a reasonable period of tirne, Lender shall either apply such fi�nds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding �rincipal balance under the Note immediately prior ko foreelosure. Na offset or claim which gorrower might have naw or in the future against L�nder shal[ relieve Boircnwer feom inaking payments due vnder the Nate and this Security Instrwiient or performing ths covenants and agreez�ents secured by this Secuiaty Instrurnent. PO'1123873783 [00'[123873783� NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIF032M INS7R(]MENT W1TH MERS Form 3025 7/01 �p� VMP6A(NE)41302).00 Wolters Kluwer Financial Services Page 4 of 17