200205745 - Laserfiche WebLink

Browse

200205745 or regulation that governs the same subject matter. As used in this Security Instrument `RISPA" refers ma I I requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not quality as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken doe to [Ile Property, whether or not that parry has assumed Borrower's obligations under the Note and /or this Security Instrument. 'fRANSFF.R OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender (t) the repayment of the Loan, and all renewals, extensions and modifications of die Note; and (ii) the performance of Borrower's covenants and agreements under this Security Inshummrt and the Note. For this purpose, Borrower it grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jun isdictimil [Name of Recording Jurisdiction] Lot Twenty -two (22), in Sass Second Subdivision in the City of Grand Island, hall County, Nebraska. which cut L endy has the address of.14I h Greerov A ve [Street] Grand Island , Nebraska 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 apart 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 seized of the 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 will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenant, ror national use and nun - uniform covenants with limited variations by ph isdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and lAteChatges. Borrowershall pay when due the principal of, and interest on, the debt evidenced 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 J. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other i@Itrunlcar received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be nmde in one or more of the following burns, as selected by Lender: (a) cash; (b) money order: (c) certified check, bank check, treas'urer's check or cashier's check, Provided any such check is drawn upon an institution whose deposits are insured by a Ibderal agency, instrumentality, or entity; or (d) Electronic Funds Transfer Payment, are deemed e.i,cd by Lender when received at the location designated in die 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 rr partial payment ifthe payment or partial payments are insufficient to bring the Goan current Lender mayncer ra 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, but lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapphed funds. Irender may hold such unapplicd funds until Borrower makes payment to bring the l ran cu ent. If Borrower ddoes told. so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will he applied to the outstanding principal halance under the Note immediately In or 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 Proceed..,. 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; (h) rindpal due under the Note;lc) amounts due tinder Section 3. Stich payments shall he applied to each Periodic Payment is the order or which it became due. Any remaining amounts shall be applied first to late charges, second m any other amounts due under this Security Instrument, and then to velure the principal balance of the Note. NEBRASKA Single Funuly— Fannie Nlae/ reddie MaclINIFORMINSTRIINIENT Fnrm3028 I /al IpnAa2„fA pngr.) v754 Cv 111alt Gross Clo -01000 ^1831