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201�04533 (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 addinonal or successor legislation or regulation that governs the same subject matter. As used in this SecurityInstrument, "RESPA" refers to all requ�rements and restricrions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not thatpartyhas assumed Borrower's obligations under the Note and/or this 5ecurity Instrument. TRANSFER OF RIGHTS IN TI-� PROPERTY The beneficiary of this S ecurity 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 Lender: (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, Bonower irrevocablygrants 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 Two (2), Block Eight (8), in Replat of Riverside Acres, an addition to the City of Grand Island, Hall County, Nebraska which currently has the address of 706 Grand Ave Grand Island [Street] Nebraska 68801 ("Property Address"): [Zip Code] [City] TOGETI�R WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fvctures now or hereafter a part of the property. All replacements and additions shall also be covere� by this Security Instrument. All of the foregoing is referred to m this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this SecuntyInstrument, but, ifnecessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the nght 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 lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record. Bonower warrants and will defend genera.11y the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY 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. iJNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and anyprepayment charges and late charges due under the Note. Bonower shall also pay funds for Escrow Iterns 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 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 I.ender: (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 instriution 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 other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may retum any payment or partial payment if the payment or partial payments are insuf�icient to bring the Loan current. Lender mayaccept NEBRASKA—Single Family—Fannie Mae/Freddie Mac iJNIFORM INSTRUMENT (MERS) 12439.CV (1/08) 905520 Form 3028 1/Ol (page 2 of 8 pages) Creative Thinking, Inc. GOTO(0016fdc4) r� :�