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._._ ._- _ .._ -_.L_-__..._.. ~' RE-RECORDED 201004873 201000594 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full del;t, iF rat paid earlier, duc and payabic~ oa EIiRY 01, 2040 .This Secadty ~nneM secure9''to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with Interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in F1ALL County, Nebraska: IAT 16, ~ .AQ~S SC~N.CSItN, 1~1TT• t:>ClUl+ll.'Y, >!~tn-AKA Parcel ID Number: 400155494 which has the address of 1725 FFi'E"!~i 1]RIVE (,~ ~6 3 [street] CHID ISIS [cltyl, Nebraska FB$A7. [zip code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and 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 granted by iorrower in this Security Instrument; but, if necessary to campfiy with taw ar custom, MEIZS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but rat limited to, the right to foreclose and sell the Property: and to take any action required of Lender including, but not limited ta, releasing or canceling this Security instrument. BORROWER COVENANTS that Borrower is lawfully seized 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 the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and ran-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. ].. Payment of Prindpal, Interest and Late Charge. Borrower shall pay when due the principal af, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower sha4 include In each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In arty year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a suns for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security instrument is held by the Secretary, 2734948-703 bi742048 -AtJ(IUE) toap~~ Pew a vt a ~~~. WWW.DOCSAl1tECT.COM 01/22/2010 12:06 PM NEW LOAN