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<br />200610295 <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) <br />and the successors and assigns of MERS. This Security Instrument 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 Instrument 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 />LOT FOUR (4), IN BLOCK TWO (2), OF GEORGE LOAN'S SUBDIVISION IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br /> <br />APN: 400060132 <br /> <br />which currently has the address of 1213 NORTH CHERRY STREET <br />[Street] <br />Nebraska 68801 <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 />LK fr /. L.t <br />SC~ <br /> <br />MERS Modified Form 3028 01/01 <br />14301NE 08/00 <br /> <br />Diliilll <br /> <br /> <br />10002 704 5 5 <br /> <br />Nebraska Deed of Trust-Single Family-Fannie Mae/l<"reddie Mac UNIFORM INSTRUMENT <br />-THE COMPLIANCE SOURCE, INC.- Page 3 oft3 <br />www.compliancc:source.com <br />