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2� 1 �� 189 (R} "Successor�n Interest of Barrower"means any par�y tha�has�aken trtle to�he Properiy, tivh�ther or not�hat party has assumed Barrower's oblrga�ions under the No�e andlor�hi.s Security Instrument. TRANSFE� �F �[GHTS �N YH1E PR�PERTY � � The bene�cxary of thxs Se�ur�ty Instrument is MERS �sale�y as n�minee for Lender and Lenderr s successors and ass�gns}and the suc�essors and assi�ns of MERS. This Security Ins�rumer��secures to Lender: �i}the repayment af �he Loan, and ali renev�als, extensians and modi�ca�ions of�he Note; and (�i� the performance of Borrower's covenants and agreemen�s under this Security Instrument and the Not�. For thi.s purpose,Borro�ver irre�ocably gfants and con�eys �o Trus�ee, in �rus�, with povver of sa�e, the fo��owing described property Ioca�ed �n the ��LTNTY of HALL : [Type of Recording�u,rzsdictzon] [Name of Recording rurisdictionl L�T �3, �nTaLFE��5 SUBD I�TI S I�N, IN 'I�HE �I TY �F �R�ND I SLAND, HALL COUN'I`Y, NEBRASKA A.P.N. : 4��1417�5 u�h�.ch curr�n�Iy has�he address of 418 KENNEDY �T �5treet] GR.AND I S LAND , Nebraska �8 S 0 3 �"Proper�y Address"}: �CitYl [Zip Code] T�GETHER WITH a�� the improvements now or hereafter erec�ed on the property, and aII easem�n�s, appurtenances, and f�xtures now ar hereafter a part of the property. Al� replacements and addi.�.ons shall also be co�ered by t�us Security Instr-ument. A�I of the fore�oxng;rs referred�o�n�rus Security Instrument as the"Property." Borro�ver unders�ta.nds and a�rees�hat MERS holds only Xega�ti�ie to the in�erests branted by Barrower in�his Security Ins�rrumen�, bu�, if necessary ta comply�rith lau�or custom, MERS�as nominee for Lender and Lender's successars and ass�gr�.s}has the right: to exercise any or all of tho�e�nteres�s, �ncludin�, but not�imi.ted to, �he riah��o foreclose and se��the Proper�y; and�o ta.ke any ac�ion required of Lender�ncluding, but nat��mited ta, releasing and canceling th�s Securil.y Instrumen�. B4RR4WER��VENANTS tha�Borrower�s lawfully sez�ed of the estate her��y conveyed and has the ri_aht to �rant and convey �he Pr�p�rty and tha� the Prop�rty is unencumbered, except for encu.mbrances af record. Borrawer vvarrants and will defend genera��y�he title to the Property abainst a�l claims and demands, subject to any encumbrances of record. THIS SECIIRITY INSTRUN�NT combznes uniform co�enan�s for national use and non-uni.form covenan�s wi�h limited�ax�at�ons by jurisdictzon to const�tu�e a uzufarm security instrumen�t co�ering rea�property. U NI F�RM ��VE NANTS. Borrower and Lender covenant and a�ee as fo��aws: 1. Payment of Pri.ncipa�,Interest,�scrow Items,Prepayment Cha�-b�s,and Late Charbes. Borrower sha�l pay when due the princxpa.�of, and in�erest on, �he debt evidenced by the No�e and arxy prepaym�nt chaxges and late charges due under�.e No�e. Borrow�r sha�l also pay funds for Escrow Items pu.rsuant�a Sect�on 3. Paymen�s due NEBRASKA-Singfe Family--Fannie MaelFreddie Ma� UNfFaRM INSTRUMENT-- MERS ��a�� Fvrm 3�2 8 110'� Pag e 3 of 15 v�wv�_docFrragrc,com