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�0��051�5 (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 additional or successor le�islation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requtrements and restrictions 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 pariy that has taken title to the Property, whether or not that pariyhas assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY T'he beneficiary of this 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 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, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] LOT FIVE (5), BLOCK THREE (3), WOODLAND PARK SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which currently has the address of 4163 Michigan Avenne [Street] Grand Island , Nebraska 68803 ("Property Address"): [City] [Zip Code] TOGETI�R WITH all the improvements now or hereafter erected on the properly, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interestsgranted by Borrower in this Secunty Instrument, but, if necessary 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 Properly; and to take any action required of Lender including, but not limited to, releasing and canceling this 5ecurity Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to gant and convey the Property and that the Propetly is unencutnbered, except for encumbrances of record. Borrower 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 covenants for national use and non-uniform covenants with limited variations by jurisdiction to constilute a uniform security instrument covering real properiy. iTNIFORM COVENANTS. Borrower and I.ender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal o� 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 Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made m 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, I.ender may requue that any or all subsequent payments due under the Note and this Security Instivment 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 insritution 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 Sectton 15. Lender may return any payment or partial payment ifthe payment or partial payments are insuffictent to bring the Loan current. Lender may accept NEBRASKA—Single Family—Fannie MaeJFrdldie Mac UNIFORM INSTRUMENT (MERS) Form 3028 1/Ol (page 2 of 8 pagesJ 12439.CV (11/0'n 6899056340 CreaHve Thinldng, Inc. GOTO(002ffi64)