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<br />(Q) °GRESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any addihonal or successor le�slation
<br />or regulation that governs the same subject matter. As used in this SecurityInstrument, "RESPA" refers to all requ�rements
<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 an�yparlythat has taken title to the Property, whether or not thatpartyhas
<br />assumed Borrower's obligations under the Note andfor this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this S ecurity Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns} and
<br />the successors and assigns of MERS. This Security Instrument secures to Lender: (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 gall [Type ofRecording Jurisdiction]
<br />[Name of Recording Jurisdiction]
<br />Lot One (1), Haave Subdivision, in the City of Grand Island, Hall County, Nebraska
<br />which currentlyhas the address of 1103 E Phoenix Ave
<br />Grand Island , Nebraska 68801
<br />[Cit3'] [Zip Code]
<br />[Street]
<br />("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appnrtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by
<br />this Security Instrument. All of the foregoing is referred to m this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this SecurityInstrwnent, but,
<br />if necessary to comply with law or custom, MERS (as nominee for I.ender and Lender's successors and assigns) I�as the right
<br />to exercise any or all of those interes�s, including, but not limited to, the right to foreclose and sell the Property; and to take
<br />any action requued of Lender including, but not lumted 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 />wanants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of
<br />record.
<br />THIS SECURITY INSTRiJMENT 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 />iJNIFORM COVENANT5. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowershall
<br />pay when due the pruicipal 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 Section 3. Payments due under the Note
<br />and this Security Instrument shall be made in U. S. currency. However, if any check or other inshument 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 />suhsequent 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 federal 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 parhal payment ifthe payment or partial payments are insui�icient to bring the Loan current. Lender mayaccept
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRLJMENT (MERS)
<br />12439.CV (1/08) 904769
<br />Form 3028 1/Ol (page 2 of 8 pages)
<br />Creative Thinking, Inc.
<br />GOTO(00174flb)
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