Laserfiche WebLink
202403761 <br />in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking <br />of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) <br />misrepresentations of, or omissions as to, the value and/or condition of the Property. <br />(Q) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or <br />Default on, the Loan. <br />(R) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment <br />permitted under the Note, which is less than a full outstanding Periodic Payment. <br />(S) "Periodic Payment" means the regularly scheduled amount due for (i) principal and <br />interest under the Note, plus (ii) any amounts under Section 3. <br />(T) "Property" means the property described below under the heading "TRANSFER OF <br />RIGHTS IN THE PROPERTY." <br />(U) "Rents" means all amounts received by or due Borrower in connection with the lease, use, <br />and/or occupancy of the Property by a party other than Borrower. <br />(V) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) <br />and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended <br />from time to time, or any additional or successor federal legislation or regulation that governs the <br />same subject matter. When used in this Security Instrument, "RESPA" refers to all requirements <br />and restrictions that would apply to a "federally related mortgage loan" even if the Loan does not <br />qualify as a "federally related mortgage loan" under RESPA. <br />(W) "Successor in Interest of Borrower" means any party that has taken title to the Property, <br />whether or not that party has assumed Borrower's obligations under the Note and/or this Security <br />Instrument. <br />(X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in <br />which the Property is located, as it may be amended from time to time, or any applicable additional <br />or successor legislation that governs the same subject matter. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, <br />extensions, and modifications of the Note, and (ii) the performance of Borrower's covenants and <br />agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably <br />grants and conveys to Trustee, IN TRUST, WITH POWER OF SALE, the following described <br />property located in the county of HALL, state of NEBRASKA; <br />LOT FIVE (5), BLOCK TWO (2), IN SOUTHERN ACRES ADDITION TO THE CITY OF <br />GRAND ISLAND, HALL COUNTY NEBRASKA. <br />PARCEL NUMBER: 400093073 <br />which currently has the address of 2507 COCHIN STREET, GRAND ISLAND, NE 68801 <br />TOGETHER WITH all the improvements now or subsequently erected on the property, <br />including replacements and additions to the improvements on such property, all property rights, <br />NEBRASKA --Single Family — Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021 <br />Page 3 of 20 <br />