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20201.0205
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and to the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of
<br />the Loan, and all 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 grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall:
<br />Lot Sixteen (16), Block Seventeen (17), Scarff s Addition to West Lawn, City of Grand Island, and also
<br />Lot Seventeen (17), Subdivision of Lot 280, 281 and 282 in West Lawn City of Grand island, Hall
<br />County, Nebraska.
<br />Parcel ID Number: 4000088398
<br />which currently has the address of 1703 N Lafayette Ave
<br />Grand Island, NEBRASKA 68803-2651, ("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 shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and
<br />assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and
<br />sell the Property; 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 has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instnunent covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under 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 instrument
<br />received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may
<br />require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of
<br />the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's
<br />check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal
<br />agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may
<br />accept any payment or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or
<br />prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such
<br />payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS Form 3028 1/01
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<br />ios, Ino. - 30227 Borrower(s) Initials T r L
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