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200707602 'fRANSFER or RIGHTS IN TIlE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and <tSsigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, al1(1 all rellew;lls, extensions and modifications of the Note; and (ii) the perfonnam;e of Borrower's covenants and agreements ullder this Security lnstnllnent and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, III trust, wilh pClwt~r of sale, Ih,~ 1'01 lowi II).! described property located in the County of [Typt 01" Reu>I'di nf( .Imisdicliolll Hall [Nome of Recordill~ Jmisdictionl ~~~~'h:.x Lot Two Riessland Subdivision to the City of Grand Island, Hall County, Nebraska which cUITcntly lias the address of 2320 West 18th Street IStreet] Grand Island [Cily] , Nebraska 68803 [Zip Code] ("Property Address"): TOGETHER WITH ;tllthc improvements lIOW or hereafter erected on the property, and all easemcnts, appurknallccs, ,lIld I'ixlnres now 0\' hereafter a part of the property. All replacements and additions shall ,tlso be covered by this S,~curily InstrlllnenL All of the forq~oing is referred to in this Secllrity Instnllnent as the "Property." Borrower understands and agrees th:lt MERS holds only legal title to the interests granted by Borrower in this Security lnslnnllenl, btll, if necessary to comply with law or cnSlOln, MERS (as lIominee for Lender and Lem!0r's snccessors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the 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. BOHHOWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right 10 gnll1l ;\Ild convey tlie Property and tlwl the Property is unencumbered, except for encumbrances of record. Bon-ower warrants ami wi II detCnd generally the title to the Property against all claims and demands, subject to any encllnlbrances of record. THIS SECllR1TY INSTRUMENT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFOR11 COVENANTS. Borrower and Lender covenant iUld agree as foUows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when dllt~ the pl-illcipal of, and interest on, the debt evidenced by t.he Note and auy prepaymenl chilrges imd late charges dll'~ tinder the Note. Borrower shall also IMY funds for Escrow Items pursuallt to Section 3. Paymenls dne lindeI' the Note amllhis StTllrilY !nSlnllllc~liI shall he nlade in U.S. cnrrency, However, if any check or other instnImelll received by Lender liS paYlllellt llIlder tht' Noll' or lhis Secllrity Instrument is relilmed to Lender unpaid, Lemler llIay reqnire that any or all sUbSe(j11C\lt paynlents dne under the Note and this Security Instnnllent be made in one or more of the following forms, as selected I)y Lender: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check or cashier's eheck, provided any snch check is drawn upon an institlltion whose cleposits arc insured by a federal agency, instrilInentality, or entity; or (d) Electronic Funcls Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other locnlion as may be designatcd by Lender in accordance with the notice provisions in Seetion 15. Lender nlilY return any paymenl or part ial ITEM T2690l.8 (030B)-MERS (Page 3 I!f' /21'i1ge.l') Form J02H I/O I GHc.AlL.ANIl . loOnier Gall: 1-800-530-9393 U Fox GI6.7~I.lnl NElmASKA.-Sil1,vk l-alllily--F<lHnte I\llle/Fml<1le M<lC UNU'OHM.1NSTRUM.ENT ~ :J.7J N- ~