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"" 200902728 TRANSFER OF RIGHTS IN THE PROPERTY 111e 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. T'his Security Inslrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the perfonnance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower iITevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the ,County of [Type of Recording Jurisdictionl Hall [Name of Recording Jurisdictionl Lots Three (3) and Five (5), in Block Ten (10), in College Addition to West Lawn in the City of Grand Island, Hall.County, Nebraska which cunently has the address of 2326 North Lafayette Avenue [Streetl Grand Island [Cityl , Nebraska 68803 [Zip Code I ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenanct;s, and fixtures now or hereafter a parI of the property. All repl!lcernents llIld 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 gmnted by Borrower ill this Security Instrument, but, if necessary to comply with l!lw 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 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 tile Property ag!linst all claims and demands, subject to any encmubmnces of record. THIS SECURITY INSTRUMENT combines unifonn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifonu security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender coverlllnt and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower shall pay when due the principal of, and interest on, tile debt evidenced by the Note and any prepayment ch!lrges !lnd l!l!e charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this 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 retullled to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and tilis Security Instrument be made in one or more of the following forms, as selected by Lender: la) cash; (b) money onkr; (c) certified check, bank check, treasurer's check or c!lshier's check, provided any such check is dmwn 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 received at the location designated in the Note or at such other location as may.be designated by Lender in accordance with the notice provisions in Section 14. Lender may return any payment or partial NEBRASKA-Single Family-.UNIFORM INSTRUMENT ITEM T2697L:l (0308)-MERS (Page 3 ofJ/ pages) GREATLAND. To Omore.lI: HOO-530.9393 0 F.x: 616-79H131 ~1At