|
202305551
<br />(Z) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property is
<br />located, as it may be amended from time to time, or any applicable additional or successor legislation that governs the
<br />same subject matter.
<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 the successors and assigns of MERS. This Security Instrument secures to Lender (i) the repayment of the
<br />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
<br />Hall:
<br />LOT ONE (1), COPPER CREEK ESTATES TWELFTH SUBDIVISION IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Parcel ID Number: 400201013
<br />which currently has the address of 508 Sunflower Dr
<br />Grand Island, NE 68803-3069 ("Property Address");
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements
<br />and additions to the improvements on such property, all property rights, including, without limitation, all easements,
<br />appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a
<br />part of the property. 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
<br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling
<br />this Security Instrument.
<br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower lawfully owns
<br />and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has the right to use and
<br />occupy the Property under a leasehold estate; (ii) Borrower has the right to grant and convey the Property or
<br />Borrower's leasehold interest in the Property; and (iii) the Property is unencumbered, and not subject to any other
<br />ownership interest in the Property, except for encumbrances and ownership interests of record. Borrower warrants
<br />generally the title to the Property and covenants and agrees to defend the title to the Property against all claims and
<br />demands, subject to any encumbrances and ownership interests of record as of Loan closing.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited variations and non-
<br />uniform covenants that reflect specific Nebraska state requirements to constitute a uniform security instrument
<br />covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, and Late Charges. Borrower will pay each Periodic Payment
<br />when due. Borrower will also pay any late charges due under the Note, and any other amounts due under this Security
<br />Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or
<br />other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender
<br />unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be
<br />made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank
<br />FHA Nebraska Deed of Trust with MERS 01/2023
<br />Page 4 of 17
<br />IDS, Inc. - 101412
<br />
|