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<br />200610796 <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 TWO (2), BLOCK TWO (2), UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA. <br /> <br />APN: 400099128 <br /> <br />which currently has the address of 2621-2623 WEST CAPITAL AVENUE <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 ofrecord. <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 />Nebraska Deed of Trust-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />-THE COMPLIANCE SOURCE, INC.- Page 3 of 13 <br />www.c:ompliuncesl)ut.ce.com <br /> <br />MERS Modified Form 3028 01/01 <br />14301NE 08/00 <br /> <br /> <br />II~li~IIII~~II~1 <br /> <br />1 0 0 0 2 703 7 0 <br /> <br />~ ...I ::i <br />