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TRANSFER OF RIC;IITS IN TILL PROPLRI'Y The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Leader's s1iaceesors and assigns) and the eueccssor-s and *assigns of MERS. This Security Instrumcnt secures to Lender: (i) the repayment of the Lean, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's cxrvenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust. with (sewer ref retie, rite fnlinwinl{ described pmperty locarcxl in lhn County of fl ypo of Recording lurisdistionl HALL Mauna of Racurrlwg lurl; hotlon) SEE ATTACHED LEGAL DESCRIPTION which currently Ma thc nddreaa of 1410 WEST 3RD STREET GRAND ISLAND tCicyl , Nebraska 68801 [Zip Code] 2006/1427 201407692 ("Property Address "): TOGETHER WITH ell the lesprtsvertiants now or l vrrsxfte:r eraeteel uu the property, anti all earesurents, i*ppurleti uswe, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument, Aft of ties foregoing is referred to in thin Security Inetrun ent as the "Property." Borrower undeettnnde and agrees that MFRS holds only legal. title to the interests granted by Borrower in this Security Instrument, but, if necessary to coenply with law or eustortt, MERS (as nominee for Lender and Lender e saceessors and assigns) has the right; to eXeroi9e any or all of those: interests, including, but not limited to, the right to foreclose. and sell the Property; and to take any action requimd of Lender includes, but not limited to, releasing and canceling this Security Instiuuaeut. BORROWER COVENANTS That Borrower is kiwthily seised of the estate hereby conveyed and hos thc right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower war rants and will defend generally the tick to the Property against all olainls and demands, subject to any encumbrances of recunl. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform. covenants with limited variations by jurisdiction to constitute a uniform. secnrity instrument covering ma/ property. UNIFORM COVENANTS. Borrower and [,ender covenant. and agree as follows: I. Payment or Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, said interest on, the debt evidenced by the .Note and any prepayment charges and late charges due under the Note. >Jormwer tthall also pay funds for Escrow Items puranant to Section 3. Payments due under the Note and this Security .Instilment shell he made. in U.S. currency. Ilowever, if any check or other instillment received by Lender as payment under the Not or this Security instrument is returned W Lender unpaid, Lender u►ay require that uay ur all subsequent payments due under the Note and this Security Instrument he made in one or more of the following forms, zts selected by Lender: (a) cash, (b) money order, (c) certified check, bank check, treasurer's cheek or cashier's cheek, provided any such check Is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (el) Elevtrvnic Funds Transfer, Form :1028 Vet NEBRASF{AA --- Single. Run ily - Fannie Mut/Vrcdd&e Mon UNIFORM INSTRUMENT rrLM asset tour t)— MERS (Pnfie.? of 1.7 1 r�EATtAra pager Tu CrderCxn: r- 6r0-S7d -$$ OFuc i18a9r -• +9r