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�011U5967 (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 theymight be amended from time to time, or any addittonal or successor le�islahon or regulation that govems the same subject matter. As used in this Security Instrument, "RE5PA" refers to all requuements 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 ta.ken title to the Property, whether or not that party l�as assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instcument 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 inevocablygra.nts and conveys to Trustee, in trust, with power of sale, the following described property located in the County of gall [Type ofRecording Jurisdiction] [Name of Recording Jurisdiction] Lot Seventeen (1'n, Block One (1), in Bel Air Addition to the City of Grand Island, Hall County, Nebraska which currently has the address of 1612 S Arthur St [Street] Grand Island , Nebraska 68803 ("Property Address"): [City] [Zip Code] TOGETI-�ER WITH all the improvements now or hereafter erected on the properly, and a11 easements, appurtenances, and fixtures now or hereafter a part ofthe properiy. All replacements and additions shall also be coveredby 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 Bonower in this Secunty Instnnnent, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right to exerc�se any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action requued of I.ender including, but not hmited to, releasing and canceling this Security Instrvment. BORROWER COVENANT5 that Borrower is lawfully 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 Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record THIS SECURITY INSTRLTMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properiy. iJNIFORM COVENANT5. 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 o� and mterest 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 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 Lender: (a) cash; (b) money order; (c) certified check, bank check, ireasurer'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 norice provisions in Sechon 15. Lender may return any payment or partial payment ifthe payment or partial payments aze insufficient to bring the Loan curren� Lender mayaccept NEBRASKA—Single Family—Fannie Mae/Freddie Mac iJNIFORM INSTRUMENT 12439.CV (1/08) 905920 (MERS) Form 3028 1/Ol (page 2 of 8 pages) Creative Think[ng, Inc. GOTO(0017ffdb) ��