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<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 ILS.C. X2(01 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 35UU), as they might be amended from time to time, yr any additional yr successor legislation
<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers tv all requrremcnts
<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 RIGI l'I'S 1N '1~1 iL' PROPER'T'Y
<br />The beneficiary ofthis Security Instrument is MEKS (solely as nominee for lender and Lender's successors and assigns) and
<br />the successors and assigns of MEKS. This Security Instnrment secures to Lender: (i) the repayment of the Loan, and all
<br />renewals, extensions and modifications of the 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 follvwing described property located in the County _ _ __
<br />of Hall [Type of Recording Jurisdiction]
<br />[Name of Recording Jurisdiction]
<br />Lot 1, Block I, Summerfield Estates Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska,
<br />according to the recorded plat thereof.
<br />which currently has the address of 392$ Warbler Road
<br />[Street]
<br />Grand Island ,Nebraska 68$03 ("Property Address"):
<br />[City] [Zip Codc]
<br />'1'OGE"f1iER WITH all the improvements nvw or hereafter erected on the property, and all eascmenls,
<br />appurtenances, and fixtures nvw or hereafter a part of the property. All replacements and additives shall also he covered by
<br />this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Burrower
<br />understands and agrees that MERS holds only le al 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 successvrs 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 />BORROWL;R 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 Properly 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 />'1'I i1S SECCJRITY 1NS'1'RUMF,NT combines uniform covenants fur national use and nun-unifi~rm covenants with
<br />limited variations byjurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. f.3orrower and Lender covenant and agree as tollows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal ot; and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />due under the Note. Burrower shall also pay funds for Escrow Items pursuant to Sectlvn 3. Payments due under the Note
<br />and this Security Instrument shall he made in t1,S. currency. however, Many 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 mvre ofthe following forms, as
<br />selected by Lender: (a) cash; (h) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institutive whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) F,lectronic 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 maybe designated by Lender in accordance with the notice provisions in Section I S. bender may return any
<br />payment or partial payment ifthe payment or partial payments are insulT'icient to bring the hose current. Lender mayacccpt
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mar UNIFORM INSTRUMENT (MERS) Form 3028 1/Dl (page 1 of 8 pages)
<br />12439.CV (11/07) 6898885040 (:restive Thinking, Inc.
<br />GOTO(0027562b)
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