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200609120 TRANSFER OF RIGHTS IN THE PROPERTY TIle beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and a<;signs) and the sllccessors and assigns of MERS. Tins Security Instrllment secures to Lender: (i) the rcpayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of BOlTower's covenants and agreements undcr this Security Instrument and the Note. For this purpose, BOITower ilTevocably 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 [Nallle of Recording Jurisdictionl The East Thirty-five (35) feet of Lot Eleven (11) and all of Lot Twelve (12), Block Seven (7), Wood River Village, Hall County, Nebraska which currently has the address of 202 WEST 11 TH ST [Street] WOOD RIVER [City] , Nebraska 68883 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacemenls and additions shall also be covered by this Security Instrument. All of the 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, hut, if necessary to comply with law or cllstonl, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, hut not limited to, the right to foreclose and sell the Propelty; and to take any action required of Lender including, hut not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that BOlTower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencnmhered, except for encumbrances of record. BOITower waITants and will defend generally the title to the Property against all claims and demands, subject to any eneumbranccs of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform sccurity instrument covering real property. UNIFORM COVENANTS. BOlTower and Lendcr covenant and agree as follows: 1. Payment of Principal, Interest amI Other Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by thc Note and if allowable under Applicable Law, any prepayment charges and late charges due under the Note. Payments due under the Note and this Security Instrurnent shall be made in U.S. cunency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payrnents due under the Note and this Security Instrument be made in one or more of the following fonns, as selected by Lendcr: (a) cash; (b) money order; (c) certified check, bank check, treasurer's chcck or cashier's check, 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. 2. Application of Payments or Proceeds. Payments are deemed received by Lender when received at the location designated in the Note or aL such other location a~ may be designated by Lender in accordance with tlle notice provisions in Section 14 or in such manner or location as required under Applicable Law. Except as otherwise described in this Section 2, and NEBRASKA DEED OF TRUST-Single Family-Secondary Lien THE COMPLIANCE SOURCE. INC. C ITEM 8627L3 (0304)-MERSMFNE3118 (Page 3 (fJ J pages) 40010:'\1804 GREATLAND. To rrrd.r Call: 1-800.530-9393 D Fax: 616.791-1131