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201204846 <br />and has an address of 25 Enterpr i se Center, Newport, 121 02842 <br />. Borrower owes Lender the principal sum of <br />sixty-four thousand six hundred forty and 00/100 <br />Dollars (U. S. $ 64, 640. 00 ). This debt <br />is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on Ju I y 1 , 2027 . This <br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced <br />under paragraph 7 to protect the security of this Security lnsLrument; and (c) the performance of Borrower' s <br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocnbly <br />grants and conveys to the Trustee, in trust, with power of sale, the following described property located in <br />Iia I I County, Nebraska: <br />See Attached Exhibit A <br />Parcel ID Number, <br />which has the address of 238 S P I um St <br />Grand Island (City], Nebraska 66801 [Zip Code] <br />("Property Address"); <br />(street] <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements. <br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall aiso be <br />covered by this Security Instrument. All of the foregoing is rererred to in this Security Instrument as the <br />"Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by <br />Borrower in this Security Instrument; but. if necessary to comply with law or custom, MFRS, (as nominee for <br />Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests. including, but <br />not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, <br />but not limited to, releasing or canceling this Security Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to <br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. <br />Borrower warrants and will defend generally the title to the Property against al I claims and demands, subject to <br />any encumbrances of record_ <br />Tl -IIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property, <br />Uniform Covenants. Borrower and Lender covenant and agree as follows: <br />1 . Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of and <br />interest on, the debt evidenced by the Note and late charges due under the Note. <br />2012-2006629 1nno49700W I06a736 99169 <br />R(NE)( 1096 <br />VM MarlOapn WITkI MEii 5 -NE VM P4 N(NE} (1 10 <br />VMP f- Pogo 2 a1 10 <br />Woilers FLIIIW F£, FlRanCial ServICeS <br />