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202502086
<br />(T) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest
<br />under the Note, plus (ii) any amounts under Section 3.
<br />(U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS
<br />IN THE PROPERTY."
<br />(V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/
<br />or occupancy of the Property by a party other than Borrower.
<br />(W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and
<br />its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from
<br />time to time, or any additional or successor federal legislation or regulation that governs the same
<br />subject matter. When used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that would apply to a "federally related mortgage loan" even if the Loan does not
<br />qualify as a "federally related mortgage loan" under RESPA.
<br />(X) "Successor in Interest of Borrower" means any party that has taken title to the Property,
<br />whether or not that party has assumed Borrower's obligations under the Note and/or this Security
<br />Instrument.
<br />(Y) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in
<br />which the Property is located, as it may be amended from time to time, or any applicable additional
<br />or successor legislation that governs the same subject matter.
<br />Transfer of Rights in the Property. The beneficiary of this Security Instrument is MERS (solely
<br />as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS.
<br />This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions,
<br />and modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys
<br />to Trustee, IN TRUST, WITH POWER OF SALE, the following described property located in the
<br />County of Hall:
<br />Lot 1, Jack Voss Horse Country Club, an addition to Grand Island, Hall County, Nebraska
<br />Parcel ID Number(s): 400165031
<br />which currently has the address of 2728 Northwest Ave, Grand Island, Nebraska 68803 ("Property
<br />Address");
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including
<br />replacements and additions to the improvements on such property, all property rights, including,
<br />without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits,
<br />water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred
<br />to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds
<br />only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to
<br />comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has
<br />the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing
<br />and canceling this Security Instrument.
<br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower
<br />lawfully owns and possesses the Property conveyed in this Security Instrument in fee simple or
<br />lawfully has the right to use and occupy the Property under a leasehold estate; (ii) Borrower has the
<br />right to grant and convey the Property or Borrower's leasehold interest in the Property; and (iii) the
<br />Property is unencumbered, and not subject to any other ownership interest in the Property, except for
<br />encumbrances and ownership interests of record. Borrower warrants generally the title to the Property
<br />and covenants and agrees to defend the title to the Property against all claims and demands, subject to
<br />any encumbrances and ownership interests of record as of Loan closing.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited
<br />variations and non -uniform covenants that reflect specific Nebraska state requirements to constitute a
<br />uniform security instrument 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
<br />Charges. Borrower will pay each Periodic Payment when due. Borrower will also pay any
<br />prepayment charges and late charges due under the Note, and any other amounts due under this
<br />Security Instrument. Payments due under the Note and this Security Instrument must be made in
<br />U.S. currency. If any check or other instrument received by Lender as payment under the Note or
<br />this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent
<br />payments due under the Note and this Security Instrument be made in one or more of the following
<br />VO1.1.1.31656
<br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021
<br />Wolters Kluwer Financial Services, Inc. 02/2025
<br />25.2.0.6137-J20250303N Page 3 of 15
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