Laserfiche WebLink
202503312 <br />(T) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest <br />under the Note, plus (ii) any amounts under Section 3. <br />(U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS <br />IN THE PROPERTY." <br />(V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/ <br />or occupancy of the Property by a party other than Borrower. <br />(W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and <br />its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from <br />time to time, or any additional or successor federal legislation or regulation that governs the same <br />subject matter. When used in this Security Instrument, "RESPA" refers to all requirements and <br />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 />(X) "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 />(Y) "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. The beneficiary of this Security Instrument is MERS (solely <br />as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. <br />This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions, <br />and modifications of the Note, and (ii) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trustee, IN TRUST, WITH POWER OF SALE, the following described property located in the <br />County of Hall: <br />Lot Seven (7), Subdivision of Block One (1), Vine Hill Subdivision, City of Grand Island, Hall <br />County, Nebraska. <br />Parcel ID Number(s): 400103664 <br />which currently has the address of 716 S Blaine St, Grand Island, Nebraska 68803 ("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, <br />without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, <br />water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred <br />to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds <br />only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to <br />comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has <br />the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose <br />2491626864 <br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) <br />Wolters Kluwer Financial Services, Inc. <br />2025061725.2.0.6178-J20250225Y <br />i <br />i1 <br />I LP <br />Form 3028 07/2021 <br />02/2025 <br />Page 4 of 22 <br />'I <br />1 <br />