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200901250 k~~i~~~(;fcaF ~h~ R;315~Ota) te S:httlem~ghnt Pb"ocedurdes Act (12, U .S.C,. ~260 I et seq.) ~d its implementing regulation, I . th '" a ,as. ey ml t e amen ed from time to time. or any additIOnal or successor legislation or regu a~lO!l at gove~ the same. subject matter. As used in this Security Instrumcnt, "RESP A" refers to all r uiremenlS ~~ddresltnl cOons tI,at are Impose~ m regard to a "federally related mortgage loan" even if the Loan does not eqqualify as a Ie era y related mortgage loan under RESP A. (R) "Successor in.Inte~est ?f Borrower" means any party that has taken title to the Property, whether or not that panybas assumed Borrower s obhgatlOns under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERlY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns ofMERS. This Security Instrument secures to Lender: (i) tile repayment of the Loan. and all renewals.. extensi~ns and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under t~ls Security Instrument and t.he Note. . For this purpose. Borrower irrcvocably grants and conveys to Trustee, in trust. WIth power of sale, the followmg descnbed property located in the County of HaU [Type of Recording Jurisdiction] [Name of Recording Jurisdiction) Lot 6, In West Lal\l1, An addition to the City of Grand Island, Hall Coun!)', Nebraska. which currently has the address 00816 North Broadwell A"enue [City] , Nebraska 68803 [Zip Code) [Street) ("Property Address'"): Grand Island TOGETHER WITH all the improvements now or hereafter erected on the property. and all casements, appurtenances, and fixtures now or hereafter a part of the property. All replacements 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 that MERS holds only legal title to the interests granted by Borrower in this Security Instnunent, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) bas the right to exercise any or all ofthose 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. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered. except for encumbrances of record. Borrower warrants and will defend generally the title to the Property agairu;t 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 covcring real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: I. Payment nfPrlnclpal, Interest, Escrow Items, Prepayment Charges, and LlIteCharges. Borrowershall pay when due the principal ot: and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escro\\' Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, ifany check or other instrument received by Lender as payment under thc Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or al\ subsequent payments due under the NOle and this Security Instrument be made in one or more oftI\e following forms. as selected by Lender: (a) cash: (b) money order: (c) certified check. bank check. treasurer's check or cashier's check, providcd any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when receivcd at the location designated in the Notc or at such other location as may be designated by Lender in accordance with the notice provisions in Scction 15. Lender may return any payment or partial payment if the payment or partial payments arc insufficient to bring the Loan current. Lender mayacccpt NEBRASKA-Single Family-FannIe l\bclFreddic Mac UNIFORM INSTRUMENT I 24l9.CV t 11/(7) 420024-1 (MERS) Form 3028 1/01 (page 1 0/8 pages) Crealivc Thinking, Inc. GOTO(OOla6a89) (y-