201608397 - Laserfiche WebLink

Browse

Instrument and the Note. For this purpose, the Borrower does hereby mortgage, warrant, grant and convey to the Trustee, in trust, with power of sale the following described property located in HALL County, NEBRASKA: LEGAL DESCRIPTION: THE LAND REFERRED TO IS SITUATED IN THE COUNTY OF HALL, CITY OF GRAND ISLAND AND STATE OF NEBRASKA, DESCRIBED AS FOLLOWS: THE FOLLOWING DESCRIBED REAL SITUATED IN HALL COUNTY, NEBRASKA: LOT SIX (6), INDIANHEAD SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. BEING THE SAME PROPERTY CONVEYED TO MICHAEL D. MENAGH AND JAMIE L. MENAGH, HUSBAND AND WIFE BY DEED FROM GARY MARTIN AND VICKIE MARTIN, HUSBAND AND WIFE RECORDED 07/31/2006 IN DOCUMENT NO. 0200606766, IN THE REGISTER'S OFFICE OF HALL COUNTY, NEBRASKA. PARCEL ID: 400386313 Tax Parcel No: 400386313 which has the address of 4163 INDIANHEAD ROAD, GRAND ISLAND, NEBRASKA 68803, ("Property Address"); TOGETHER WITH all the improvement 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 referred to in this Security Instrument as the "Property." Borrower Covenants that the Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that Property is unencumbered, except for encumbrances of record. The 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. The Borrower and the Lender /Mortgagee covenant agree as follows: UNIFORM COVENANTS. 1. Payment of Principal. The Borrower shall pay when due the principal of the debt evidenced by the Note. 2. Borrower Not Released; Forbearance by Lender/Mortgagee Not a Waiver. Extension of the time of payment of the sums secured by this Security Instrument granted by the Lender /Mortgagee to any Successor in interest of the Borrower shall not operate to release the liability of the original Borrower or the Borrower's successor in interest. The Lender /Mortgagee shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or the Borrower's successors in interest. Any forbearance by FHA Subordinate Security Instrument 1 li! �Ii1G':��Yi7 ■��`�LT�I S��Ff � 5 201608397 CR42439 FM119 (page 2 of 5 pages)