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LOAN #: 045010
<br />(ii) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of
<br />sale, the following described property located in the County
<br />[Type of Recording Jurisdiction]
<br />of Hall
<br />[Name of Recording Jurisdiction]:
<br />LOT EIGHT (8), BLOCK TWO (2), IN ISLAND ACRES NUMBER 2, A REPLAT OF LOTS 1,2,3,5,6
<br />AND 7 ISLAND ACRES IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />APN #: 400048647
<br />which currently has the address of 3004 W 13th St, Grand Island,
<br />Nebraska 68803 ( "Property Address "):
<br />[Zip Code]
<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
<br />also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as
<br />the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted
<br />by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee
<br />for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
<br />Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for encum-
<br />brances of record. Borrower warrants and will defend generally the title to the Property against all claims
<br />and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, and Late Charges. Borrower shall pay when
<br />due the principal of, and interest on, the debt evidenced by the Note and late charges due under the
<br />Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the
<br />Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instru-
<br />ment received by Lender as payment under the Note or this Security Instrument is returned to Lender
<br />unpaid, Lender may require that any or all subsequent payments due under the Note and this Security
<br />Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money
<br />order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is
<br />drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or
<br />(d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at
<br />such other location as may be designated by Lender in accordance with the notice provisions in Section
<br />14. Lender may return any payment or partial payment if the payment or partial payments are insufficient
<br />to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan
<br />current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial
<br />payments in the future, but Lender is not obligated to apply such payments at the time such payments
<br />are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not
<br />pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment
<br />to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall
<br />either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the
<br />outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which
<br />NEBRASKA - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Modified for FHA 9/2014 (HUD Handbook 4000.1)
<br />Ellie Mae, Inc. Page 3 of 11
<br />Form 30281/01
<br />201703338
<br />[Street] [City]
<br />NEEFHA15DE 0915
<br />NEEDEED (CLS)
<br />05/15/2017 02:22 PM PST
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