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200901255 (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. ~26(11 et seq.) and its implementing-regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instroment, "RESPA" refers to all requirements and restrictions that are imposed. in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "SutteS80r in IutertSt of Borrower" means any party that has taken title to the Property, whether or not that patty has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN TIlE PROPERTY 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) 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 this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to ThJstee, in trust, with power of sale, the followingdescnbed property located in the: COUNTY of HALL [Recording Jurisdiction] [Name of Recording Jurisdiction] ~~ LOTIS BLOCK 1, PONDEROSA LAKE ESTATES THIRD SUBDIVISION which cwrentlyhas the address of180PONDEROSACT CITY OF GRAND ISLAND, HALL COUNTY, NE [Street] , Nebraska 68803 [Zip Code] GRAND ISLAND [City] ("Property Address"). TOGETHER WITI! all the improvements now or hereafter erected on the property, and all easements, appunenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument All oftbe foregoing is referred to in this Security Instrument as the "Property." Borrower un<1erstands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrwnent, but, if neceSSlll}' to comply with law or custom, MERS (as nominee for Lender and Lender's successors 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 ofLendet including, but not limited to, releasing and canceq this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estme hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower wammts and will defend generally the title to the Property ~ all claims and demands, subject to any encumbrances of record. TIiIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security ins1rument covering real property. lJNIFO~ COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, E$c:row Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Ikm'ower shall also :pay funds for Escrow Items pursuant to Section 3. Paymenu due under the Note and this Security Instrument shall be Iriade in U.s. cu:rrency. 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 that any or all subsequent payments due UDder the Note and this Se~ Instrument be Nebruka D.a ofTrat-siqle Famlly-FanDie MuJFrwdd~ Mat Uniform InstnUUllt Form 3028 1101 cmff MERS ModHIell / T1ae Compliuce Sollree, Into. P*F 3 or 14 Modllitd by COmp~ Sooree 14301 NE 08100 Rn-.04lO8 www.cGmplil.D__m . C2GOO. Tbe COmplil.Dce Sovce, Inc. l 111111111111111111111111111111111 11111111111111111111111111111111111111111111111111111111111111111111 ~ * + 0 2 3 490 9 364 + 0 0 A 0 + 3 + 1 4 *