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201605441 (R) "Successor ie Ieterest ot Borrower"means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligafions under the Note and/or this Security Instrument. 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 COLTNTY of Hall • [Type of Recording Jurisdict�on] �Name of Recordmg Iunsdictmn] SEE Lk�d:L DESCRIPPI�I ATPACHED F�REI1� ADID I�1DE A PART F�RFFOF AS E7�IIBIT "A". A.P.N. : 400114704 which currently has the address of 516 WEST AVE [saeetj GRAND I S LAND , Nebraska 6 S 8 0 3 ("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 onty legal ritle 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 lunited to,the�ight 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 Boaower 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. 1T IIS SECURITY INSTRUMENT combines uniform covenants for national use and noo-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenam and agree as follows: 1. Payroent of Principal,Interest,Escrow Items,Prepayment Charges,and Lste C6arges. 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. Paymenu due NEBRA5KA--Single Family--Fannie MaelFreddie Mac UNIFORM INS7RUMENT- MERS �pp�g Farm 3028 1101 Page 3 of 15 ww��aglc.mm