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<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §260 I et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements
<br />and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary ofthis Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and
<br />the successors and assigns of MERS, This Security Instrument secures to Lender: (i) the repayment of the Loan, and all
<br />renewals, extensions and modifications ofthe Note; and (ii) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. Far this purpose, Borrower irrevocably grants and conveys to Trustee, in
<br />trust, with power of sale, the following described property located in the County
<br />of Hall [Type of Recording Jurisdiction]
<br />[Name of Recording Jurisdiction]
<br />Part of the East One Half of the Southeast Quarter (E1/2S1:1/4) of Section Twenty (20) on Township Eleven
<br />(1l) North, Range Nine (9) West of the 6th P.M., Hall County Nebraska, and more particularly described as
<br />follows: Commencing at the northwest corner of Lat One (1), Block Five (5). Bel Air Addition, an Addition
<br />to the City of
<br />Grand Island, Nebraska; running southeasterly along and upon the West lot line, as extended, of said lot far
<br />a distauce of 126 feet; thence running southwesterly on a line parallel with the South line of Del Monte
<br />Avendu far a distance of $$ feet; thence running northwesterly on a line parallel with the West lot line of Lot
<br />1, Block S, in said Bel Air Addition for a distance of 126 feetto the South line of Del Monte Avenue; thence
<br />running northeasterly an and upon the South line of Del Monte Avenue for a distance of 88 feet to the point
<br />of beginning.
<br />which currently has the address of 2439 Del Monte Ave
<br />[Street]
<br />Grand Island ,Nebraska 68803 ("Property Address"):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part ofthe property. All replacements and additions shall also be covered by
<br />this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but,
<br />if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right:
<br />to exercise any ar all ofthose interests, including, but not limited to, the right to foreclose and sell the Property; and to take
<br />any action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal, interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U.S. currency, However, ifany check or other instrument received by Lender
<br />as payment under the Note ar this Security Instrument is returned to Lender unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as
<br />selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such other
<br />location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any
<br />payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac [JNIFORM INS"FRUMENT (MERS) Form 302$ 1/Ol Usage 2 of8~ages)
<br />I2a39.CV (11/07) 903024 Creative Thinking, Inc.
<br />GOTO(OOOddbaa)
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