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<br />200609901
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />The beneficiary of this Security Instnunent is MERS (solely as nominee for Lender and Lender's successors and assigns)
<br />and the successors and assigns of MERS. This Security Instnunent secures to Lender: (i) the repayment of the Loan, and all
<br />renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this
<br />Security Instnunent and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of
<br />sale, the following described property located in the County of Hall:
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Commencing at the Southwest corner of Lot Ten (10), in Block Fifteen (15), in Packer and Barr's Addition
<br />to the City of Grand Isla ned, Hall County, Nebraska; thence Northerly on and along the West boundary
<br />lines of said Lot Ten (10) and Lot Nine (9), in said Subdivision, a distance of One Hundred Twelve (112) feet
<br />to the Northwest corner of said Lot Nine (9); thence Easterly on and along the North boundary line of said
<br />lot Nine (9), a distance of Sixty (60) feet; thence Southerly parallel with the West boundary line of said lot
<br />Nine (9) and Lot Ten (10), a distance of One Hundred Twelve (112) feet to a point on the South boundary
<br />line of said Lot Ten (10), Sixty (60) feet East of the point of beginning; thence Westerly on and along the
<br />south boundary line of said Lot Ten (10), a distance of Sixty (60) feet, to the point of beginning, the same
<br />being and constituting the Westerly Sixty (60) feet of said Lot Nine (9) and the Westerly Sixty (60) feet of
<br />said Lot Ten (10).
<br />which currently has the address of 1922 West NorthFront St.
<br />[Street}
<br />Nebraska 68803
<br />[Zip Code]
<br />
<br />Grand Island,
<br />[City]
<br />
<br />("Property Address"):
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by
<br />this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but,
<br />if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right:
<br />to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take
<br />any action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender
<br />as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided
<br />any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d)
<br />Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept
<br />
<br />Nebraska Deed of Trust-Single Family-I<'annie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />-THE COMPLIANCE SOURCE, INC.- Page 3 of 13
<br />www.comptiancesource.com
<br />
<br />MERS Modified Form 3028 01101
<br />14301NE 08/00
<br />02000, The Compliance Source, Inc.
<br />1710147
<br />
<br />71r
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