|
202401574
<br />and the trust herein created, irrevocably grants and conveys to Trustee, in trust for the benefit of Lender as
<br />beneficiary, with power of sale, the following described property located in the County of HALL, State of
<br />Nebraska:
<br />Address: 14544 W SCHIMMER DR, WOOD RIVER, Nebraska 68883
<br />Legal Description: See Exhibit A attached hereto and incorporated herein by reference
<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
<br />"Property."
<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.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Secured Indebtedness; Payment of Principal and Interest; Late Charges and Other Loan Charges. This
<br />Security Instrument secures to Lender the repayment of Borrower's Note, Consumer Loan Agreement, Guaranty,
<br />or similar writing executed by Borrower to Lender, more particularly described as:
<br />• Note dated April 12, 2024, in favor of Lender in the principal amount of Two Hundred Sixty One
<br />Thousand Five Hundred Ninety One Dollars and Forty Nine Cents ($261,591.49) maturing on May 01,
<br />2054.
<br />and all renewals, extensions, modifications and substitutions thereof. This Security Instrument also secures: all
<br />future advances of funds from Lender to Borrower as evidenced by any promissory note, consumer loan
<br />agreement, or similar writing that may hereafter be executed by Borrower to Lender; all future obligations of
<br />Borrower to Lender; all future obligations of Borrower to Lender that may be evidenced by any contract,
<br />guaranty, or other evidence of debt hereafter executed by Borrower, and if more than one Borrower/Mortgagor
<br />has executed this Security Instrument, any one of them, in favor of Lender; and all additional funds that may be
<br />advanced by Lender to protect Lender's security interest in the property, as provided under paragraph titled
<br />Protection of Lender's Rights in the Property of this Security Instrument. All of the foregoing shall be referred to
<br />as the Secured Indebtedness. Borrower shall promptly pay when due the principal and interest on the Secured
<br />Indebtedness, and any late charges and other loan charges that may become due under the terms of the Secured
<br />Indebtedness.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non -appealable judicial opinions.
<br />Funds for Taxes and Insurance. At Lender's request and subject to Applicable Law, Borrower shall pay to
<br />Lender on the day periodic payments are due under the Secured Indebtedness, until the Secured Indebtedness is
<br />paid in full, a sum ("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security
<br />Instrument as a lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c)
<br />yearly hazard or property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage
<br />insurance premiums, if any; and (f) any sums payable by Borrower to Lender, in accordance with the provisions
<br />of the paragraph titled Mortgage Insurance, in lieu of the payment of mortgage insurance premiums. These items
<br />are called "Escrow Items." Lender may, at any time, collect and hold Funds in an amount not to exceed the
<br />maximum amount a lender for a federally related mortgage loan may require for Borrower's escrow account under
<br />the federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. Section 2601
<br />et seq. ("RESPA"), unless another Applicable Law that applies to the Funds sets a lesser amount. If so, Lender
<br />may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the
<br />amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items
<br />or otherwise in accordance with Applicable Law.
<br />The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br />(including Lender, if Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the
<br />® 2004-2022 Compliance Systems, LLC 192a2ca4.16e81dad - 2022.70.0,3
<br />Consumer Real Estate - Security Instrument DL2036 Page 2 of 9 www.compliancesystems.com
<br />
|