200110210 - Laserfiche WebLink

Browse

200110210 tc�rr" 200110,00 or regulation that governs the same subject matter. As used in this Security Instrument, "RE SPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loam" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security 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 County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Sixty Seven (67), Wolfe's Subdivision, in the City of Grand island, Hall County, Nebraska. FIBENF0WFR which currently has the address of 430 494 FDr Grand Island Nebraska 68803 ICitvl I /_.ip yodel I Street] ('Property Address") TOG] "I'l 11'k WITI I all file improvements now or hereafter erected on the property, and all casements, appurtenances, and fixtures now ur hercal'tu a Dart of the property. All replacements and additions shall also be coveredby this Security lnstrunnent. All of'the foregoing is referred to in this SCCUrltV Instrument as the "Property." BORROWI?,R COVENANTS that Borrower is lawfully seized ofthe estate hereby conveyed and has the right to grant and convey the Property and that the 1'1-operl\ is unenctinnhercd, except tin' encumbrances of record. Borrower warrants and will defend generally the title to the 1'ropertv against all claims and demands, still feet to any encumbrances of record. THIS SECt JRITY INS'I'RI.JME N'i' combines unifin7m Covenants for national use and non - uniform covenantswith limited variations by jurisdiction to constitute a Lill] 1, security instrument covering real property. UNIFORM COVE;NANfS. lorrower and Lender covenant and agree as follows: 1. Payment ot'Princi ial, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of. and interest on, the debt evidenced by the Notc and any prepayment charges and late charges due under the Note. Borrower shall also pay funds Ior I';scrow ilennS pursuant to SCCtIOil 3. Payments due under the Note and this Seau•ity Instrument shall he made in 11.5. currency. I lo�yever. tf any check or other instrument received by Lender as payment tinder the Note or this Security Insi unnent is returned to Lender unpaid, Lender nnav require that any or all subsequent payments due under the Note and this Se ctirity Instrument he made in one or more of the following frowns, as selected by sender: (a) cash: (b) nnoney order; (c) certified check hank 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. Paynnents are deemed received by Lender when received at the location designated in the Note or at such other location as ivay be designated by Lender in accordance with the notice protvisions in Section 15. Lender may return any payment or partial payment ifthe payment or partial payments arc Insufficient to bring the Loan current. Lender may accept any payment or partial payment insuilrcient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payrnnent or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments arc acccpteol. 11 each 1'cnodic Pavunenf is applied as ot'its schedule(] due date, then 1_,endcr neednotpay interest on unapplied funds. Lender 111,1y hold such unapplied funds until Borrower snakes payment to bring the Loan current. If Bor'owCr does not do so within a reasonahlc period of tittle. Lender shall either apply such Bonds or return them to Borrower ifnot applied earlier. such ['kinds \a ill he applied to the outstanding prtticipal halancc under the Note immediately prior to lin-eclosure. No offset 1,r claim which Iior -el might have nrny or in the future against Lender shall relieve Borrower front making payments duc under the Note and this Security Instrument or perforning the covenants and agreements secured by this Sectirit\ Instrument 2. Application of Payments or Proceeds. I?xccpt as otherwise described in this Section 2, all payments accepted and applied by I.ender shall he applied in the following order of priority: (a) interest due under the Note, (b) principal due under the Note: (c) amounts due under Section 3. Such pavunents shafl be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall he applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. NEBRASKA --Singh l mnily -- Fannie M11:rr /Frrddic filar UNIFORM 1NS1'R1 NIENP Form 3I12K 1 /i11 (pa;e ? of N pages) 9754.CV I I I I [I[ITH1111111111T11