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202405103
<br />Trustee, IN TRUST, WITH POWER OF SALE, the following described property located in the County of Hall:
<br />Real Property tax identification number is 0400073846 .
<br />LOT FIFTEEN (15), BLOCK SIX (6), IN PARKHILL SECOND SUBDIVISION, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which currently has the address of 2210 W Oklahoma Ave, Grand Island, Nebraska 68803 ("Property Address");
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and
<br />additions to the improvements on such property, all property rights, including, without limitation, all easements,
<br />appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a
<br />part of the property. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />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 REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns and
<br />possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and occupy
<br />the Property under a leasehold estate; (ii) Borrower has the right to grant and convey the Property or Borrower's
<br />leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other ownership
<br />interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants generally the
<br />title to the Property and covenants and agrees to defend the title to the Property against all claims and demands,
<br />subject to any encumbrances and ownership interests of record as of Loan closing.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and
<br />non -uniform covenants that reflect specific Nebraska state requirements to constitute a uniform security instrument
<br />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 will pay each
<br />Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and
<br />any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must
<br />be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this
<br />Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the
<br />Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b)
<br />money order; (c) certified check, bank check, treasurer's check, or cashier's check, provided any such check is drawn
<br />upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic
<br />Fund 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 16. Lender may accept or
<br />return any Partial Payments in its sole discretion pursuant to Section 2.
<br />Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from
<br />making the full amount of all payments due under the Note and this Security Instrument or performing the covenants
<br />and agreements secured by this Security Instrument.
<br />2. Acceptance and Application of Payments or Proceeds.
<br />(a) Acceptance and Application of Partial Payments. Lender may accept and either apply or hold in suspense
<br />Partial Payments in its sole discretion in accordance with this Section 2. Lender is not obligated to accept any Partial
<br />Payments or to apply any Partial Payments at the time such payments are accepted, and also is not obligated to pay
<br />interest on such unapplied funds. Lender may hold such unapplied funds until Borrower makes payment sufficient to
<br />cover a full Periodic Payment, at which time the amount of the full Periodic Payment will be applied to the Loan. If
<br />Borrower does not make such a payment within a reasonable period of time, Lender will either apply such funds in
<br />accordance with this Section 2 or return them to Borrower. If not applied earlier, Partial Payments will be credited
<br />against the total amount due under the Loan in calculating the amount due in connection with any foreclosure
<br />proceeding, payoff request, loan modification, or reinstatement. Lender may accept any payment insufficient to bring
<br />the Loan current without waiver of any rights under this Security Instrument or prejudice to its rights to refuse such
<br />payments in the future.
<br />(b) Order of Application of Partial Payments and Periodic Payments. Except as otherwise described in this Section
<br />2, if Lender applies a payment, such payment will be applied to each Periodic Payment in the order in which it became
<br />due, beginning with the oldest outstanding Periodic Payment, as follows: first to interest and then to principal due under
<br />the Note, and finally to Escrow Items. If all outstanding Periodic Payments then due are paid in full, any payment
<br />amounts remaining may be applied to late charges and to any amounts then due under this Security Instrument. If all
<br />sums then due under the Note and this Security Instrument are paid in full, any remaining payment amount may be
<br />applied, in Lender's sole discretion, to a future Periodic Payment or to reduce the principal balance of the Note.
<br />If Lender receives a payment from Borrower in the amount of one or more Periodic Payments and the amount of
<br />any late charge due for a delinquent Periodic Payment, the payment may be applied to the delinquent payment and the
<br />late charge.
<br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021
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