Laserfiche WebLink
201708037 <br /> TRANSFER OF RIGHTS IN THE PROPERTY <br /> The beneficiary of this Security Instrument is MERS(solely as nominee for Lender and Lender's successors and assigns) <br /> and to the successors and assigns of MERS.This Security Instrument secures to Lender:(i)the repayment of the Loan, <br /> and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and <br /> agreements under this Security Instrument and the Note.For this purpose,Borrower irrevocably grants and conveys to <br /> Trustee,in trust,with power of sale,the following described property located in the County of HALL: <br /> LOT SIX (6), BLOCK TWO (2), FAIRWAY CROSSINGIAT INDIANHEAD GOLF CLUB FIRST <br /> SUBDIVISION,IN THE CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA <br /> Parcel ID Number:400470858 <br /> which currently has the address of 4259 AUGUSTA PKWY <br /> GRAND ISLAND,NEBRASKA 68803,("Property Address"): <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 also be covered <br /> by this Security Instrument.All of the foregoing is referred to in this Security Instrument as the"Property."Borrower <br /> understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, <br /> but,if necessary to comply with law or custom,MERS(as nominee for Lender and Lender's successors and assigns)has <br /> the right:to exercise any or all of those interests,including,but not limited to,the right to foreclose and sell the Property; <br /> and to take any action required of Lender including,but not limited to,releasing and canceling this Security Instrument. <br /> BORROWER COVENANTS that Borrower is lawfully seised 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.Borrower <br /> warrants and will defend generally the title to the Property against all claims and demands,subject to any encumbrances <br /> of record. <br /> THIS 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,Escrow Items,Prepayment Charges,and Late Charges.Borrower shall pay <br /> when due the principal of,and interest on,the debt evidenced by the Note and any prepayment charges and late charges <br /> due under the Note.Borrower shall also pay funds for Escrow Items pursuant to Section 3.Payments due under the Note <br /> and this Security Instrument shall be made in U.S. currency.However, if any check or other instrument received by <br /> Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,Lender may require that any <br /> or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following <br /> forms,as selected by Lender: (a)cash;(b)money order;(c)certified check,bank check,treasurer's check or cashier's <br /> check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, <br /> instrumentality,or entity;or(d)Electronic Funds Transfer. <br /> Payments are deemed received by Lender when received at the location designated in the Note or at such other <br /> location as may be designated by Lender in accordance with the notice provisions in Section 15.Lender may return any <br /> payment or partial payment if the payment or partial payments are insufficient to bring the Loan current.Lender may <br /> accept any payment or partial payment insufficient to bring the Loan current,without waiver of any rights hereunder or <br /> prejudice to its rights to refuse such payment or partial payments in the future,but Lender is not obligated to apply such <br /> payments at the time such payments are accepted.If each Periodic Payment is applied as of its scheduled due date,then <br /> Lender need not pay interest on unapplied funds.Lender may hold such unapplied funds until Borrower makes payment <br /> to bring the Loan current.If Borrower does not do so within a reasonable period of time,Lender shall either apply such <br /> funds or return them to Borrower.If not applied earlier,such funds will be applied to the outstanding principal balance <br /> under the Note immediately prior to foreclosure.No offset or claim which Borrower might have now or in the future <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS rm 028 1/01 <br /> Page 3 of 13 <br /> IDS,Inc.-30227 Borrower(s)Initial <br />