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<br /> 201008107
<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 of this 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 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 following described property located in the Count
<br /> of Hall [Type of Recording Jurisdiction]
<br /> [Name of Recording Jurisdiction]
<br />
<br /> A tract of land comprising a part of the Northeast Quarter of the Southeast
<br /> Quarter (NEI./4 SE1/4) of Section Twenty Four (24), Township Ten (10)
<br /> North, Range Nine (9) West of the 6th P.M., in Hall County, Nebraska, more
<br /> particularly described as follows:
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<br /> Beginning at the southeast corner of said Northeast Quarter of the Southeast
<br /> Quarter (NE1/4 SE1/4); thence westerly along the south line of said
<br /> Northeast Quarter of the Southeast Quarter (NE114 SETA), a distance of
<br /> Eight Hundred (800.0) feet; thence deflecting right 125°40'06" and running
<br /> northeasterly, a distance of One Thousand Two Hundred Eleven and Twenty
<br /> Six Hundredths (1,211.26) feet to the southerly right-of-way line of Highway
<br /> 1-80; thence easterly along said highway right-of-way line, a distance of
<br /> Ninety (90.0) feet to the east line of said Section Twenty Four (24); thence
<br /> southerly along the east line of said Section Twenty Four (24); a distance of
<br /> Nine Hundred Eighty Four and Thirty Nine Hundredths (984.39) feet to the
<br /> place of beginning.
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<br /> which currently has the address of 7692 S Gunbarrel Rd
<br /> [Street]
<br /> Doniphan Nebraska 68832 ("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 of the 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 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 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 /> 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 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, if any 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 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 UNIFORM INSTRtJMENT (MERS) Form 3028 1/01 (page 2 af8pages)
<br /> 12439.CV (1/08) 903975 Creative Thinking, Inc.
<br /> Garo(00135838)
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