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TRANSFER or RIGHTS IN THE PROPERTY 200603338 The beneficiary of this Security Instrument is MERS (solely as nOllllnee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the perf0l111anCe of Borrower's covenants and agreelnents under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County. of [Type of Recording Jurisdiction] HALL [Namc of Recording Jurisdiction] A PART OF THE S 1Z SW Y. OF SECTION 3, TOWNSHIP 11 NORTH, RANGE 9 WEST OF TI-IE 6TH P.M HALL COUNTY NEBRASKA MORE PARTICULARLY DECRIBED AS FOLLOWS: BEGINNING AT A POINT 1383.29 FEET EAST OF THE SW CORNER OF SAID SECTION 3; RUNNING THENCE NORTH PARALLEL WITH THE WEST LINE OF SAID SECTION 3 A DISTANCE OF 516 FEET; THENCE EAST PARALLEL WITH THE SOUTH LINE OF SAID SECTION FOR A DISTANCE OF 55 FEET; THENCE SOUTH P ARRELLEL WITH THE WEST LINE OF SECTION 3, A DISTANCE OF 516 FEET TO A POINT ON THE SOUTH LINE OF SAID SECTION THENCE WEST ALONG THE SOUTH LINE OF SAID SECTION A DISTANCE OF 55 FEET TO THE PONT OF BEGINNING which currently has the address of 1006 EAST CAPITAL AVENUE [Streetl GRAND ISLAND [City] , Nebraska 68801 [Zip Codel ("Propcrty Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hercafter a part of the property. All replacements and additions shall also be covercd by this Security Instrument. All of the foregoing is referred to in this Sccurity Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests grantcd 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 thc 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 Lendcr including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS 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 thc principal of, and interest on, the debt evidenced by the Note and any prepayment charges and latc charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrurnent receivcd by Lender as payment under the Note or this Security Instnnnent is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in 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 check, provided auy such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. NEBR^SKA~SingJe Family Fannie Mac/Frcddle Mae UNIFORM INSTRUMENT ITEM 269SL3 (0011 )-MERS (Page 3 of 12 pages) Form 30281/01 GREATLAND. To Order C.1I1-800-530-9393 n fax 616-791-1131