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�o��os5os Parcel ID Number: 4002 Mason Ave Grand Island ("Property Address"): which currendy has the address of (Street) (City), Nebraska 68803- (Zip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and �3xtures 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 Inshvment as the "Property." Borrower understands and agrees that MERS holds only legal flde to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nomittee 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 Property; and to take any action required of Lender including, but not Iimited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfiilly seised of the estate hereby conveyed and has the dght to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the fltle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines vniform covenants for natinnal use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security insrivment coveriug real property. Unlform Covenents. 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 any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due uttder the Note and this Security Inshvment 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 Ins6rument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Secur3ty Inshvment 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 snch check is drawn upon an institution whose deposits aze 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 gayment or partial payments are insufficient to bring the Loan current. Lender may accept atty payment or partial payment insufflcient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lettder is not obligated to apply such payments at We time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, Wen Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds wntil Borrower makes payment to br3ng the Loan current, ff Bonower does not do so within a reasonable period of time, Lender shall either apply such funds or retnrn them to Borrower. If ttot applied earfler, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall reHeve Borrower from making payments due under the Note and fhis Security Insirument or performittg the covenants and agreements secured by this Security Insrivment. 001122625125 Cltlbank 3.2.49.08 V2 NEBRASKA-Single FerNly-FarWe MaelFreddie Mac UNIFORM INSTRUMENT WITH MERS p� 3p28 �/p� � � VN0�6A(NE� (1105).00 Wolters IQuwa Finencial Services Page 4 of i7