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TRANSFER OF RIGHT'S IN THE PROPERTY 200300552 The beneficiary of this Security Instrument is MFRS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to L(ander: (i) the repayment of Um Loam and all renewals, extensions and modifications of the Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Nolc. For this purpose, Borrower irrevocably grants acrd conveys to Trustee, in trust, with power of sale, the following described property locawd in the COUNTY of HALL IType of RuorA'mg Jon,a iomi,] [Name of Recording Junsdictionl LOT 14, WESTWOOD PARK FOURTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which currently has the address of 4130 FAIDLEY AVE Someo GRAND ISLAND ,Nebr(dka 68803 ( "Property Address "): IC17I flip Ocdel TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, an(] fixlures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of dm 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 uorrveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warranls and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 'PHIS 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. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Scetion 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument receive(] by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made io one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's cheek, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are dccmul received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return NEBRASKA - Single Farady- Formic Mse/Freddie Mac UNIFORM INSTRUMENT MERS soo- sac -r.cz From 3028 1/01 Page 3 W 13 www.tlocmagic.com