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20�10427Q (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R, Part 3500), as they might be amended from time to time, or any addrtional or successor le�islation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all reyuirements and restrictions that aze imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESAA. (R) "Successor in Interest of Borrower" mea.ns any party that has tfiken title to the Properiy, whether or not that partyhas assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN TI� PROPERTY The beneficiary ofthis Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to I.ender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably gants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type ofRecording Jurisdiction] [Name of Recording Jurisdiction] Lot Twenty-Five (25), in Western Heights Third Subdivision, City of Grand Island, Hall County, Nebraska which currently has the address of 1723 Bridte Lane [Street] Grand Island , Nebraska 68803 ("Properly Address"): [City] [Zip Code] ' TOGE'TI�R WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part ofthe property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is refened to m this Security Instrument as the "Property." Bonower understands and agrees that MERS holds only legal title tv the interests granted byBorrower in this SecurityInstrument, but, ifnecessary to comply with law or custom, MERS (as nominee for Lender and I.ender's successors and assigns) has the right: to exercise any or all of those inteeests, including, but not limited to, the riglrt to foreclose and sell the Property; and to take any action requued of Lender including, but not limited to, releasing and canceling this Security Insmament. BORROWER COVENANTS that Bonower is lawfulIy seised ofthe estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonower 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 cove�iants for national use and non-uniform covenantswith limited va.riations by jurisdiction to constitute a uniform security instrument covering real property. IJNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonowershall pay when due the principal o� and interest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. cunency. However, af any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned 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 check; bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution �hose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments aze deemed received by I.ender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 1 S. Lznder may retum any payment or parhal payment if the payment or partial payments are insu�cient to bring the Loan current. Lender may accept NEBRASKA—Single Family—Faquie Mae/Freddie Mac LiNIFORM INSTRUMENT 12439.CV (I/O8) 03 (MERS) Form 3028 1/Ol (page 2 of 8 pages) CreaHve TLinking, Inc. GOTO(00258eb8)