200306322 - Laserfiche WebLink

Browse

200306322 Loan No.'. 981343 -1 LOT SIXTEEN (16), R & B SUBDIVISION, HALL COUNTY, NEBRASKA. which has the address of 4020 Patchwork Place, Grand Island, Nebraska 68803 ("Property Address ") TOGETHER WITH all the improvements nmv or hereafter erected on the property, and all casements, appurtenances, and Rxtmes now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Inst mmt. All of the foregoing is referred to in this Security Instnment as the "Property ". BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is Unencumbered except for encumbnmces of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines urdfonn covenants for national Use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. I. Payment of Principal. Borrower shall pay when due the principal of the debt evidenced by the Note 2. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment of the suns seemed by this Security Instrument gmnled by Lender to any successor in interest of Borrower shall not Operate to release the liabiliy of the original Borrower or Borrower's successor in interest. Lender shall not be required In conmience proceedings against any successor in interest or refuse to extend time for payment or othemise modify amortization of the .sums secured by this Security Instrument by reason of any demand made by the origirud Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 3. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The coverrants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. Borrower's covenants and agreements shall bejolnt mid several. Any Borrower who co -signs this Security hi.1rament but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in Ilrc Property under the terms of this Security lnstnnnent,, (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and arty other Borrower may agree to extend, modify, forbear or make any accommodations with regard m the terni of this Security Instrument or the Note without that Borrower's consent. NEBRASKA SUBORDINATE DEED OF TRUST Page 3 off