200301786 - Laserfiche WebLink

Browse

200301786 or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage lour" even ifthe Loalr, does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any parry that has taken title to the Property, whether or not hat party has assumed Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY '1' his Security Instrument stemes to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (it) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of hall _ [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Ten (10), Regency by the Green Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. which currently has the address of 2215 Stagecoach Rd [Street] Grand Island , Nchraska 68801 ( "Property Address"). [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a Part uRhc property. All replacements and additions shall also be covered by this Sceurity Instrument. All ofthe foregoing 1s referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is law fully seized ofthe estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wll] defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INS 'I RU MF.NT combines unit.,. covenants for national use and non- uniform covenants with limited variations byjurisdiction to constitute a uniform security instrument covering real property . UN [FORM COVENANTS. Borrower slid Lender covenant and agree as follows: 1. Payment of Principal, Inte rest, Escrow Items, Prepayment Charges, and Late Charges. Borrowershall pay when due the principal of, and interest on, the debt evidenced by die Note mid any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note andthis Securiq Instrument shall be made in U.S. currency. However,ifmtycheck or other instrument received by Lender as Payment under the Note or this Security Instrument is returned to Iznder unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more ofthe following farms, as selected by Lender. (a) cash; (b) money order; (c) certified check, bank check, trcaaurcr's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity;., (d) Electronic Funds Transfer. Payments are deemed received by Under when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment ifthe payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan current, without waiver ofany rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Under is not obligated to apply such payments at the time such payments me accepted. I each Periodic Payment is applied as ofits scheduled due date, then Lender need not pay interest on unapplied fiends. Lender may hold such mlapplied funds until Borrower makes payment to bring the I Dan current. If Harrower dues not do so within a reasonable period of time, Lender shall either apply such funds or return then to Borrower. Your applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument_ 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note, (b) principal due under the Note; ('c) amounts duo under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall he applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance ofthe Note. NEBRASKA-- Singlerii,d,— Fannie Mae /Freddie Mac ON'IFORMINSTRUME &'r Fan13028 I /01 (pOee2ofSpages) 9751 CV (1 /02) 1651096 GOT0000419fch