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202000826 <br />matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions <br />that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify <br />as a "federally related mortgage loan" under RESPA. <br />(R) "Secretary" means the Secretary of the United States Department of Housing and Urban <br />Development or his designee. <br />(S) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether <br />or not that party has assumed Borrower's obligations under the Note and/or this Security <br />Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY. The beneficiary of this Security Instrument is <br />MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and <br />assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all <br />renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants <br />and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably <br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in <br />the County [Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction] Fractional Lot <br />Seven (7) and the Westerly Six (6) Feet of Fractional Lot Eight (8), in Fractional Block One Hundred <br />Thirty -Nine (139), in Union Pacific Railway Company's Second Addition and Fractional Lot Seven <br />(7) and the Westerly Six (6) Feet of Fractional Lot Eight (8), in Fractional Block Eight (8), H.G. <br />Clark's Addition to the City of Grand Island, Hall County, Nebraska. <br />Parcel ID Number: 400097958 which currently has the address of 510 W 8th St [Street] Grand <br />Island [City], Nebraska 68801 [Zip Code] ( "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 <br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security <br />Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to <br />the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise <br />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 <br />Security Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and <br />has the right to grant and convey the Property and that the Property is unencumbered, except for <br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against <br />all claims 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 <br />real 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 <br />when due the principal of, and interest on, the debt evidenced by the Note and late charges due under <br />the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under <br />the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other <br />instrument received by Lender as payment under the Note or this Security Instrument is returned <br />FHA Deed of Trust with MERS-NE <br />Wolters Kluwer Financial Services, Inc. 2020013020.1.0.2765-J20190326Y <br />1415026 <br />9/30/2014 <br />02/2019 <br />Page 3 of 15 <br />