201201011 - Laserfiche WebLink

Browse

201201011 (Q) °Successor in Interest of I3orrower"means any party that has taken title to the Property,whether or not that party has assumed Borrower's obligations under the Note and/ar this Security Instrument. Transfer of Rights in the Property.This 3ecurity 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 COLTNTY[Type of Recording Jurisdiction]of Hall[Name of Recording Jurisdiction]See Attached Parcel ID Number:400086o93 which currently has the address of 417 E STOLLEY PARK RD[Street] GRAND ISLAND[Ciry],Nebraska 68801 [Zip Code]("Property Address"): TOGETHER 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.Ali of the foregoing is referred Yo in this Securiry lnstrument as the"Property." BORROWER COVENANT5 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.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 constitute a uniform security instrument covering real property. Uniform Covenants.Borrower and Lender covenant and agree as foilows: 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 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 retumed 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,treasurer's check or cashier's check,provided any such check is drawn upon an institution 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 Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current.Lender may accept any payment or partial payment insufficient 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 Lender is not obligated to apply such payments at the time such payments are accepted.If each Periodic Payment is applied as of its scheduled due date,then Lender 1165950.510 NEBRASKASingle Famiy-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281/01 �9/�0 VMP� ��[) � Nblters Kluwer Financial Services 201202�14.0.0.0.4002-J20110209Y Initials-.�_ Page 3 0(16 'HLD116 101123' IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII�IIIIII