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20100184'7
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 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. For this purpose, Borrower irrevocably grants and conveys to Trustee, in
<br />trust, with power of sale, the following described property located in the Co_u_ i~ty___ _
<br />of Hall : [Typo of Recording Jurisdiction]
<br />[Name of Recording Jurisdiction]
<br />A Part of Blac1~ Two (2), of Koehler Sr~bdi`vixion, being a part of the Southeast Quarter of the
<br />SoUlthwest Quarter (SEl/4 SW1/4) aif Sectlon I+~fteen (XS), in Township Eleven (1,1) North, pf $aRge Nine
<br />(9) and part of Lot Fourteen (14), of the County Subcilvisfon, of the ''West $alf of the 5authwest Quarter
<br />(WXR S'Wl/4) of $ectiolp r+ifteen (15), In Township Blevcn (YY) Natth, of Range Nine (9) West of the Sixth
<br />(6th) Principal Meridian, Hall Cauuty, Nebraska mare particularly described as fellow's:
<br />Cauxmeneing at the Northeasterly Cotner of $laclt T'vvo (2), in Koehler Subdivisl;an, according to the
<br />recorded plat thereof na~v an file iu the Office of the Register of Deeds of Hall County, Nebraska, and
<br />xUluning thence Westerly along the Northerly line of said Black TFVa (Z), Ninety-Five (95) feet, thence
<br />sau~therly, parallel witFa tlae easterly line of said Elack Tvvo (2), to the Right of Way of the Belt Line of the
<br />Ghicage, Burlington 8r Quincy ~taitroad Carnpany, thence Northeasterly along the Northerly line of said
<br />Right of Way, to the Bast Line of said Blaclr Tw'o (Z), thence northerly slang the easterly line of said
<br />flock T~ovo (z), one Ikiua<adted and Five (10a~ Feet to the place of Begiran,ing
<br />which currently has the address of 525 E Ashton Ave
<br />[Street]
<br />Grand Island , Nebraska b880I ("Property Address")
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected an 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 ar custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right:
<br />to exercise any or all of those 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 afthe 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 />1. 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 Nate. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Nate
<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 or 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 whale deposits are insured by a federal agency, instrumentality, or
<br />entity; ar (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such ether
<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 ifthe payment or partial payments are insufficient to bring the Loan current. Lender mayaccept
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac l1NIFORM INSTRUMENT (MERS) Form 3028 I/01 (page 2 of8pages)
<br />12439.CV (11/07) 903341 Creative Thinking, Inc.
<br />GOTO(DODtClaOe)
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