|
202.402239
<br />0152909207
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors
<br />and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender (i) the
<br />repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (ii) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to Trustee, IN TRUST, WITH POWER OF SALE, the following
<br />described property located in the COUNTY of HALL:
<br />SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF
<br />which currently has the address of 9026 W Holling Rd, Wood River, Nebraska 68883 ("Property
<br />Address");
<br />TOGETHER WITH all the improvements now or subsequently erected on the property, including
<br />replacements and additions to the improvements on such property, all property rights, including, without
<br />limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and
<br />fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security
<br />Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the
<br />interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom,
<br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER REPRESENTS, WARRANTS, COVENANTS, AND AGREES that: (i) Borrower
<br />lawfully owns and possesses the Property conveyed in this Security Instrument in fee simple or lawfully has
<br />the right to use and occupy the Property under a leasehold estate; (ii) Borrower has the right to grant and
<br />convey the Property or Borrower's leasehold interest in the Property; and (iii) the Property is unencumbered,
<br />and not subject to any other ownership interest in the Property, except for encumbrances and ownership
<br />interests of record. Borrower warrants generally the title to the Property and covenants and agrees to defend
<br />the title to the Property against all claims and demands, subject to any encumbrances and ownership interests
<br />of record as of Loan closing.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use with limited
<br />variations and non-uniform covenants that reflect specific Nebraska state requirements to constitute a
<br />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.
<br />Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late
<br />charges due under the Note, and any other amounts due under this Security Instrument. Payments due under
<br />the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument
<br />received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />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
<br />check, bank check, treasurer's check, or cashier's check, provided any such check is drawn upon an institution
<br />whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund
<br />Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at
<br />such other location as may be designated by Lender in accordance with the notice provisions in Section 16.
<br />Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2.
<br />NEBRASKA—Single Fancily—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021
<br />15..xi 25306.5
<br />Page 4of18
<br />
|