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202101162
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2/10/2021 3:43:57 PM
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2/10/2021 3:43:55 PM
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202101162
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i <br />202101162 <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 <br />assigns) and to the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of <br />the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants <br />and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall: <br />Lot Thirteen (13) and the Westerly One -Half (W1/2) of Lot Fourteen (14), of the County Subdivision of <br />Lots 13 and 16 and parts of Lots 8,11,12 and 14 of the County Subdivision of the Southeast Quarter of <br />the Southwest Quarter (SE1/4SW1/4) of Section Sixteen (16), in Township Eleven (11) North, Range <br />Nine (9) West of the 6th P.M., in Grand Island, Hall County, Nebraska. <br />Parcel ID Number: 400145030 <br />which currently has the address of 1207 W Division St <br />Grand Island, NEBRASKA 68801-5737, ("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 <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." <br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security <br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and <br />assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and <br />sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this <br />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 <br />encumbrances 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 <br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late <br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under <br />the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument <br />received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may <br />require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of <br />the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's <br />check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal <br />agency, 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 />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS Form 3028 1/01 <br />Page 3 of 13 p z <br />IDS, Inc. -30227 Borrower(s) Initials.J2 C <br />YI <br />
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