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TRANSFER OF RIGHTS IN THE PROPERTY 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 of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] A tract of land comprising a part of Lot H in Joehnck's Subdivision of the Southeast Quarter (SE 1/4) of Section 15, Township 11 North, Range 9 West of the 6th P.M. Hall County, Nebraska more particularly described as follows: Beginning at a point on the Southeasterly line of MacArthur Avenue in the City of Grand Island, Hall County, Nebraska said point being Thirty Three (33) feet Southeasterly and Three hundred Ninety Seven (397) feet Southwesterly from the Northeast corner of said Lot H, Joehnck's Subdivision; thence Southeasterly parallel to the Northeasterly line of said Lot H, a distance of One Hundred Forty One and Six Tenths (141.6) feet;. thence Southwesterly parallel to the Northwesterly line of said Lot H, a distance of Fifty Eight and Fifty Six Hundredths (58.56) feet to the Northeasterly line of Walker's Subdivision; thence northwesterly along and upon said Northeasterly line of Walker's Subdivision, a distance of One Hundred Forty One and Six Tenths (141.6) feet, to the Northeast corner of Lot One (1), Walker's Subdivision; thence Northeasterly parallel to the Northwesterly line of said Lot H a distance of Fifty Eight and Ninety Three Hundredths (58.93) feet to the place of beginning. which currently has the address of 627 MacArthur Ave [Street] Grand Island , Nebraska 68801 -7850 ( "Property Address "): [City] [Zip Code] 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 holds 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. NEBRASKA- Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Laser Forms Inc. (800) 446 -3555 LFI #FNMA3028 -MERS 9/11 Page 3 of 13 Initials: 201502675