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200700761 TRANSFER OF RIGHTS IN THE PROPERTY TIle beneficiary of this Security Instrument is MERS (solely as nominee 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 performance of Borrower's covenants and agreements under tlns Security Instnnnent and the Note. For this pUIlxlse, Borrower irrevocably grants and conveys to Trustee, in trust, wiili power of sale, the following described property located in the COUNTY of [Type of Recording Jurisdictionl HALL [Name of Recording Jurisdiction] LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF which currently has the address of 1432 HOWARD PL [Street] GRAND ISLAND [City] , Nebraska 68803 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on tlle property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replaccments 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 tlIat 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 nonnnee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, ilie right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveycd and has the right to grant and convcy the Property and tllat the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to tlle Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifonn 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 or Principal, Interest and Other Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and if allowable under Applicable Law, any prepayment charges and late charges due under the Note. Payment<; due under the Note and tlns Security Instrument shall be made in U.S. currency. 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 iliat 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 Lcnder: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check 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 or Payments or Proceeds. Payments are deemed reccived by Lender when received at the location designated in the Note or at such othcr location as may be designated by Lender in accordance wiili thc 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. Cl ITEM 8627L3 (0304)--MERSMFNE3118 (Page 3 of JI pages) 40012470Q4 " GREATLAND. To ()rder Call: f.800-530-9393 U Fax; 616-791-1131