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`02006957 TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as a 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] Part of Lot Twenty -Six (26) of County Subdivision of the West Half (W1/2) of the Southwest Quarter (SW1/4) of Section Ten (10), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, Described as follows: Commencing at a point where the Easterly line of Cherry Street intersects with the South line of Twelfth (12th) Street in the City of Grand Island, Nebraska; thence Southerly along and upon the Easterly line of said Cherry Street for a distance of 159.5 Feet; thence Easterly parallel to the Southerly line of Twelfth (12th) Street a distance of 131 Feet; thence Northerly parallel to the Easterly line of Cherry Street a distance of 159.5 Feet to the Southerly line of Twelve (12th) Street; thence Westerly along and upon the Southerly line of Twelfth (12th) Street, a distance of 131 Feet to the point of beginning, Excepting there from a tract Deeded to the City of Grand Island in Quitclaim Deed filed in Book 166, Page 41 and excepting a tract shown in Survivorship Warranty Deed filed as Document No. 79-007002. which currently has the address of Grand Island, NE 68801-2669 [City, State and Zip Code] 1135 N Cherry St [Street] ("Property Address"): 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 - FHA Secur FORM 3028 9/14 Initials: Laser Forms Inc. #FHA3028MERS 6/15 rument - MERS Page 3 of 14 '4.11 OW 1� R1101