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201101020 following described properly tocated in the COUNTY [Type of Recording Jurisdiction) of HALL [Name of Recording Jurisdiction]: SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PAItT HEREOF. which currently has the address of 4157 Norseman Ave [Street] Grand Island [CityJ, Nebraska 68803 jZip Code]("Property Address"): T�GETHER WITH ail the improvements now or hereafter erected on the property, and all easements, appur�enances, and fixtures now or hereafter a part of the property. A!I replacements and additions shali also be covered by this Security Instrument. Ali of the foregoing is referred to in this Security tnstrument as the "Property." Borrower �nderstands and agrees that MERS holds only legal title to #he interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or cusiom, MERS (as nominee for Lender 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 required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is tawfuNy seised af the estate hereby conveyed and has the right to grant and canvey the Property and that the Property is unencumbered, except for encumbrances of record. Barrower warrants and wiA defend ger�erally ihe title to the Property against all claims and demands, subject to any encumbrances of recard. THIS SECURITY INSTRUMENT combines uniform covenants for national use artd non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument �vering real property. UNIFORM COVENANTS. Borrower and �ender covenant and agree as fottows: 1. Payment of Principal, Interest, Escrow Items, PrepaymeM Charges, and Late Charges. Borrower shati pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow ltems pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is retumed to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified chedc, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrunnentality, or entity; or (d) Electronic Funds 1'ransfer. Payments are deemecf received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the no#ice provisians in Section 15. lender may retum any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. lender may accept any payment or partial payment insufficient to bring the Loan currerrt, �nrithout waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may hold such unapptied funds until Borrower makes payment to bring the Loan current. tf Borrower dces not do so within a reasonable period of time, Lender shatt either apply such funds or retum them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreGosure. No offset or l��l I * 3 p O O '1 4 4 2 8 5 * * M C M D O T + NEBRASKA-Single Family-Fannie Mae/Freddle Mac UMIFORM INSTRUMEMT Fam 3028 1/01 (page 3 of 14 pages) Mortgage Cadence, LLC � 3027 OZ/�