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NEBRASKA - Single Family- Fannie Mae/Freddle Mac UNIFORM INSTRUMENT with MERS
<br />Page 3 of 13
<br />IDS, Inc.
<br />Borrower(s) Initials
<br />201407990
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the County of Hall:
<br />Part of the Southeast Quarter of Section Twenty (20), Township Eleven (11) North, Range Nine (9) West of
<br />the 6th P.M., Hall County, Nebraska, more particularly described as follows:
<br />Beginning at the Southeast Corner of Bel -Air Addition to the City of Grand Island, Nebraska; running
<br />thence in a Southerly direction along and upon the East Line of said Southeast Quarter, a distance of 380
<br />feet to the Actual point of beginning; thence continuing on said East line in a Southerly direction for a
<br />distance of 75 feet; thence turning and running Westerly parallel to the South Line of said Section 10, a
<br />distance of 115 feet; thence turning and running Northerly on a line
<br />parallel with the East Line of said Southeast Quarter, a distance of 75 feet; thence turning and running
<br />Easterly parallel with the South line of said Section 20, a distance of 115 feet to the point of
<br />beginning
<br />Parcel ID Number: 400146819
<br />which currently has the address of 1915 S Arthur St
<br />Grand Island, NEBRASKA 68803, ( "Property Address "):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered
<br />by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument,
<br />but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has
<br />the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property;
<br />and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
<br />of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay
<br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by
<br />Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any
<br />or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following
<br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's
<br />check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
<br />instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may
<br />accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or
<br />prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such
<br />payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then
<br />Form 3028 1/01
<br />ILL
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