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201�05763 TRANSFER OF RIGHTS IN TI� PROPERTY The 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. T'his 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 Bonower'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 . [fype of Recarding Jurisdiction] [Name of Recording Jurisdiction] Lot Three (3), in Block Seven (7) in Replat of Riverside Acres, an Addition to the City of Grand Island, Hall County, Nebraska. which currently has the address of Grand Island [��rl 1376 Grand Ave. �sv�t� , Nebraska 68801 ("Property Address"): �c�p coaa� TOGETI�R WITH all the improvements now or hereafter erected on the property, 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 refened to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower in this Security Instrument, but, if necessary to comply with law or custom, 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 Properly; 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 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 covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. NEBRASKA- Single Family - FannleMae/FreddieMac UNIFORM INSTRUMENT Form 30281/01 Laser Fortns Inc. (800) 446-3555 � j�- LFI#FNMA302&MERS 1/01 Page 3 of 13 Ini�i81S: � � � 7 � �,.�.r*