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201100634
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regularion,
<br />Regulation X(24 C.F.R. Part 3 500), 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 pariyhas
<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 (soleiy as nominee for Lender and Lender's successors and assigns) and
<br />the successors and assigns of MERS. This Security Instrument secures to I.ender: (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 irrevocablygrants and conveys to Trustee, in
<br />trust, with power of sale, the following described property located in the County
<br />of Hall [Type of Recording Jurisdiction]
<br />[Name of Recording Jurisdiction]
<br />A tract of land located in part of the Nortli $alf of the Southwest Quarter of the Northwest Quarter
<br />{NI/2SW1/4NW1/4) of Section Nine (9), Towrishig �velve (12) North, Range Nine (9) West of the 6th P.M., HaII
<br />Couniy, Nebraska, and more particularly described as follows:
<br />Commencing at the Southwest corner of tf►e Northwest Quarter (NWI./4) af Section Nine (9), Township Twelve
<br />{12) North, Range Nine (9) West: ihence on an assumed bearing of North 00°00"00" East upon and along the
<br />zvest line of said Narth�vest Quarter (NW1/4) a distance of 65136 feet to the Southwest carner of the North Half
<br />of the Southtivest Quarter of the Northwest Quarter (N1/2 SW1/4 NW1/4); thence Narth 89°48'07" East upon and
<br />along the South line of said North Half of the Southwest quarter of the Northwest Quarter (Nl/2 SW1/4 NWl/4}
<br />a distance of 40.70 feet to tl�e point of beginning, said point also 6eing on tlxe East right-of-way (ROV� line of
<br />Highway 281; thence North 00°Ol'03" West upon and along said east ROW line a distance of 651.35 feet to a
<br />point on the North line of said Nortlt Half of the Sontl�FVest Qnarter of the Northwest Qnarter (Nl/2 SWI/4
<br />NW1/4}; thence North 89°48'�4" East upnn and along said North lin.e a distance of 1274.43 feet to the Northeast
<br />corner of said North HaIf of the Southwest Qnarter of the North�vvest Quarter (Nl/2 SW114 NW1/4); thence South
<br />00°43'30" East upon and alang the East line of sai�d Norfih Half of the Southwest Quarter of the Northwest
<br />Quarter (Nl/2 SW1/4 NW1/4) a distance of 651.05 feet to #he Southeast corner of said North Half of the
<br />Southwest Quarter of the Northwest Quarter (N1/2 SWl/4 NW]./4); thence South 89°48'07" West upon �nd along
<br />the South line of said North Half of the Southwest Quarter of the Northwest Quarter {N1/2 SWl/4 N4V1/4) a
<br />distance of 1274.79 feet to the point of beginning.
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<br />which currently has the address of 7713 N US Hwy 281
<br />[Street]
<br />Grand Island , Nebraska 68801 ("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 addihons 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 hotds only tegal title to the interests granted by Borrower in this SecuntyInstrument, but,
<br />if necessary to comply with law or custom, MERS (as nominee for Lender and I.ender'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 Properly against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRL7MENT 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 Secrion 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 m 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 federat 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 ifthe payment or partial payments are insuffic�ent to bring the Loan current. Lender mayaccept
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS)
<br />12439.CV (I/08} 905006
<br />Form 3028 l/Ol (page 2 of 8 pages)
<br />Creative Thinking, Inc.
<br />GOTO(00147465)
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