Laserfiche WebLink
200403145 <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 <br />the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's <br />covenants and 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 property located in the county of <br />HALL <br />LEGAL DESCRITTION ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A ". <br />BALLOON RIDER ATTACHED HERETO AND MADE A PART HEREOF. THE TERMS OF THIS LOAN CONTAIN <br />PROVISIONS WHICH MAY REQUIRE A BALLOON PAYMENT AT MATURITY. <br />which currently has the address of 210 LAKESIDE DR <br />GRAND ISLAND, NE 68801 <br />( "Property Address "): <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 "Property ". <br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this <br />Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's <br />successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right <br />to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing <br />and canceling this Security Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the <br />right to 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 any <br />encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform <br />covenants with limited variations by jurisdiction to constitute a 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. Borrower <br />shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and <br />late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments <br />due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other <br />instrument 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 made in <br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank <br />check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are <br />insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note or at such <br />other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may <br />return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. <br />NEBRASKA— Single Family — Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1 /01 age Jof13 pages) <br />0010NE. doc- 5/21/20024:52 PM Borrower Initials <br />P - 2/24/2004 <br />Ver. 1 <br />