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200205522
<br />TRANSFER OF RIGHTS IN 'I HE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and 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
<br />covenants and agrcomnnts under this Security Instrument and the Note. Far this purpose, Borrower irrevocably grants
<br />and conveys to 'Prustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />IType of R.nd,rg Jun,dic I iunl [Name oP RccoNm¢ JUlR ICennd
<br />THE NORTHERLY 40 MEET OF T,OT 5 TN BLOCK 127 IN KOENIG AND WIESE'S
<br />ADDITION TO THE CI'PY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which currently has the address of 213 S CLARK ST
<br />pLevetl
<br />GRAND TSLAND ,Nebraska (12801 (" Property Address'):
<br />ICILY] f c, Code]
<br />'1'0GDTHF.R WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter apart 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 mldeistands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if noccssary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has 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 Ienter including, but not limited to, releasing and canceling
<br />this Security Instrument.
<br />BORROWER COVENANTS that Borrower is (awfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Burrower 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 uovereen, for national use and non- uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UN IPORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment or Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower
<br />shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and
<br />late charges due under the Note, Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments
<br />due under the Note and this Security Instrument shall be made in U,S. currency. However, if any check or other
<br />instrument received by Lender as payment under the Nate or this Security Instrument is returned to tsr der unpaid,
<br />Lender may require that any or all subsequent payments dun under the Note and this Security Instrument be made in
<br />one or more of the following forms, as selected by Lender: (a) cash; (h) money order; (c) ecrtifted check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />by a fcicral agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in Ore Nate or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lcndcr mey return
<br />NEBRASKA Single, Faml l y-- Fannie Mae /F,eddlo Mac UNIFORM INSTRUMENT - MIRS OocMagiec.r, " ano eau ..asz
<br />form 3028 1 Ml Page 3 of 13 www.docmegic.<om
<br />cello 1,1n 1111111111111111111111 1111111111111111111111111111111111111] 111
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