200203365 - Laserfiche WebLink

Browse

TRANSFER OF RIGHTS IN THE PROPERTY 2 0 02'0 3 3 6 5 This Security Instrument secures to Lender- U) the repayment of the Loan, and all renewals, extensions Sort modifications of the Note; and (it) the performance of Borrower's uoveuams and agreements under this Security instrument and file Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property ].rated in the ...... CAMlY__ _ ...1-- .. _.... ..... of Use 1R —ohne JUndctonl . hall CountyBrighter of, Vents...... ........... _......: INiur, of Reoomina Jurisdiction] Lot 7, Block 87, Wheeler and Bennett's Fourth Addition, City of Grand Island, Hall County, Nebraska which currently has the address of ........ ...... ......2J@ W 16th Sl _......... .. ........ stree0 .... Nebraska 88901. ........._ ( "P ... Perry Address "), Icilvl RIP Cruel TOGETHER WITH all the improvements now or hereafter erected on the property, and all easc-rueuts, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the "Property -" BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convoy the Property and that the Property is unencumbered, except for eneumbrauees of record- Borrower warrants and will defend generally the title fo the Property against all claims and demands, subject to any encumbrances of record. 'PHIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a unifomu security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Pscrnw Items, Prepayment Charges, and fate Charges. Borrower shall pay when due the principal of, and interest on, the debt evideuced by the Note and 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 Nnte and this Security Instrument shall be made in U.S. currency. However, if any check or other retirement received by Lender as payment under the Note or this Security Indictment is returned to Lender unpaid, Leader may require that any or all subsequent payments due under the Note and this Security Invlmmcnt, be made in one or more at (be following forms, as selected by Lender: (a) cash; (b) money order, (c) certified check, bank check, treasurer'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; or Uh Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated is the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Leader may return any payment or partial Payment if the 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 of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, huh Lender is not obligated to apply such payments at the time such payments are accepted. It each Periodic Payment is applied as of its scheduled due dare, then Lender need not pay interest on unapiched funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current if Borrower does rust do so within a reasonable period of time, Lender shall either apply such funds or return them to Burrower, If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to f.rcclosurc. No offset or cluhe which Borrower might have now or in the future against Lender .shall relieve Borrower from staking payments due Under the Note and this Security instrument or performing We covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in ibis Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority : (a) interest dice Under the Note; (h) principal due under the Note: (c) amounts due under Section 3. Such payments shall be applied to each Periods Payment in the order in which it became clue_ Any maaining 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 of the Note_ If lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or once Periodic Payments, such excess may he applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note Any application of paymeufs, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of flue Periodic Payments. 3. Funds for Escrow Items. Borrower shall Ray to Leader on the day Periodic Payments are due Under the Note, until the Note is paid in fall, a sum (the "Funds ") n pewlde for payment of amounts due Pon (a) taxes Sad assesuneats and other items which can afte in priority over this Security Instrument as a lieu or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Leader under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in ltd of the payrtltnt of Mmigage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow hems." At origination or at any time during the tern of the Loan, Lender may require that Conm ourty Association Dues, Foes, and Asse<sments, if any, be escrowed by Borrower, and such does, fees and assessments shall be an Escrow Item Borrower shall promptly furnish to lender oil notices of amounts to be paid under this Section Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items_ Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Rems at any tine. Aoy such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of funds has here waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within ,such time permit as Lender may require. Borrower's obligation to make such payments and W provide receipts shall for all purposes he deemed to be a covenant and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay kscrow hems directly, pursuant to a waiver, and Borrower NEBRASKA —Sims¢ Family— Fannle MaelFreadie Mac UNIFORM INSTRUMENT Form 3028 110.11¢e 11 -1 —lv r ,.,,, �— r c' cm„a, mN In —' e cl e,.,mar lose z of 7,.,,, j . /} N. F\�! t