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201009611 (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §26Q 1 et s�q.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they mightbe amended from time to time, or any additional or successar le�islation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" rsfers ta all requirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the L.oan does nvt qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" rneans any party that has taken title to the Property, whether or not that party has assurned Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN TI-IE PROPERTY The beneficiary of this SecurityInstrument is 1VlERS (snlely as norninee for I,ender and I.ender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the perfprmance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevacably grants and conveys to Trustee, in trust, with power of sale, the following described praperty located in the County __ of Hall � [Type ofRecording Jurisdiction] [Name ofRecording Jurisdiction] Lot Two (2), Rainbow Lake Second Subdivision in Hall County, Nebraska which currentlyhas the address of 1809 Bass Rd. [Street] Grand Island , Nebraska �8g01 ("Property Add�ss"): [�lty� [Zip Code] TOGETHER WITH all the improvennents now or hereafter erectcd on the property, and all easements, appurtenances, and fixtures now or hereafter a part ofthe property. All replacements and additlons shall also 6e covered by tlus Security Instrument. All of the Foregning �s raferred to in this Secunty Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the intecests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for I.ender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action requi�d of Lender including, but nat limitad to, releasing and canceling this Security Instrument. BORROWER C�VENANTS that Borrower is lawfully seised af the estate hereby conveyed and has the right to grant and convey the 1'roperty and that the Property is unencumbered, except fpr encumbrances of record. Borrower warrants and will defend generally the title ta the Property against all claims and demands, subject to any encumbrances of record. THIS SECURI'T1' INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. LTNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shaq pay when due the principal of, and interest on, the debt evidenced by the Note and anyprepayment charges and latc charges due under the Note. Bortower shall also pay funds for Escrow Items pursuant tn Section 3. Payments due under the Note and this Securiry Instrument shall be rnade in U.S. currency. Hawever, ifany check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to I.ender unpaid, Lender rnay require that any or all subsequent payments due under the Note and this Security Instxurnent be made in one or more of the following forms, as selected by I,cnder: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an inst�tution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such ather location as may be designated by Lender in accordance with the notice provisions in Section 15. �..ender may return any payment or partial payment if the payment or partial payments are insuflicient to bring the L.aan current. I.ender may accept NEBItASKA--Single Family—Fannie Mae/Freddie Mac iJNIFORM INSTRUMENT 12439,GV (1/OS) 904043 (11�R5) Form 3028 1/OI (page l of 8 pages) Creative Thinking, Inc. GOTp(00142529) �� �