|
200214010
<br />or regulation Celt governs the Same subject manor_ As used in this Sceunty Instrmncnt, "RESPA' relcrs to all rep 11imnlenis
<br />and restrictions that are imposed In regard to a "federally related mmagage loan" even it the Loan dills not yuahly as IT
<br />- fiedcrally related murtgage loan" under RHSPA.
<br />(Q) "Successor in Interest of Borrower" means any partythat has taken title to the Propene, whether el not that part has
<br />assumed Borrower s od,!anons under the \"tc Lied of I116 Ste.urav IIIOh11111e "L
<br />TRANSFER OF RIGHTS IN I IIL PR( If R Il'
<br />I hrs Neclal ILI 111111 allot 11111111 to Lendel f 1 ) the repayment of the Loan. and all renewals eItensinns and modifcations of
<br />The Nate. and (11) the pet l'm 11111111 "f 13u1 1 a1111 11.'leallls end tlgr'eell eats under 11111 5calnty InstruTem and the sole
<br />I on this purpose. HOT 'rnwcr in ccocably grauu and couwrys to 17ostee. in oust. with potter ufsale. the following described
<br />property loaned in rheCo Tirol of Hall _
<br />[ I ppe of React dill, Jul rvdiction] [Narnc.1 Recording JaraIiatmnh
<br />Lot Six (b) in Block One Bundred 1 ounix I Ivice (123) in Onion Pacific Railway Companx's Second Addition
<br />to the City of Grand Island. Hall Count. N'cbrasku.
<br />Much currently has the add, es of 41 6-41 R L2 AN est 7111
<br />[Suc,aj
<br />Grand Island . Aabraska 614801 ( ^property Addle..
<br />if yJ [Zip Code
<br />TOGF'FH ,R WI'fJJ all the .... cloi,ineirls note n he curer erected on the pproperty_ and all ens inners
<br />ppanen.all —, and llau 11011 or hcrcall" 1 '111; Ill he elope tl All rep]aceohe"ts e"d idditions shall dlsu b ro ,c lib
<br />tars SCCUrih Instrument_ All otthe tbrcgomg 1e relerrrd In m ill, Seaum Instrumem as the "Prnperry'"
<br />BORRO W OR COV LNA N'I s thus I torrower 11 lawfully seixd of the estate horchy convcycd and has the right to
<br />front and cun,cv the Prupcny and that the Plopetty is unenarmbcred, except br encumbrances of record. Borrower
<br />warrants and wi II d,t'cnd gere, ally the title to the property against all claims and demands, subject to any encumhra"ecs Of
<br />I ecord_
<br />T 1 1151 F 1: R IT INS I lit i3I -Arf cmnbince 11uiform sot -1, 111 it, fm national use and non - uniform covenants tvidl
<br />hurried variations byjurisdiction to collnuntl a Irldn ll seemlty notnlmenl uveting real prnperty-
<br />UNIFORM COV BNAN'I'S_ Borrower and Lender cmenant and agree as fnllows�
<br />1. Paymentof Principal,Interest,Escrons plots, Prepnyntan CIorgcs ,mad Late Charges. BulTmscr shall
<br />pay when due the principal of. and in tereston. the debt evidenced by (lie Note and any prepayntentclwrges and Ile charges
<br />due under the Nute- lica,e,er shall also pay lands fn Escrow Items pursuant to Scv1i"n 3. Payments due under the New
<br />and Ibis Neom Tt holunnollutdoll benwdein l S loullue, . Ihowever,if4ury check of other Insttunncut reac.FLd by Lender
<br />os payment Imder the Note or this Security Instrument is rclamed to Lcnder unpaid, Lender may reytn e not any or all
<br />subsequent pnymcnts due under the Note and this Security Just] lment be made in one or more ofthe following fans, as
<br />sdeded by Londe, (a) cash; (h) m"ncy 011111. (e) 111111ied ohcok, bark check treasurer's check oI cuslu n', check.
<br />plutldcd any such check is drawn upon an rItiwtion whose deposits are insured by a federal agency, mstrumrntahtp, or
<br />entry, or(d) Elcaron¢ I ones Transfer.
<br />Payments arc deemed roceited by Londenchen eceived Lit the location designated in the Note or at such other
<br />location as rely be dcslgrowel by Lender In accordance with the ""till provision, in Section 15. Leader may return any
<br />paymcntorpartiul payrnclnifde"Ineut01 panFal payntentsare nsufficientlobringthe Loan current, Lender mayaccept
<br />:mypa)anent or panda I pavmeul insufficient m bring. the Loan current, o ithout waiver Ofany rights hcmundcr or pmjudicc to
<br />its rights TO I cfuse such payment o1 partial payments in the (inure, bat Lender is not obligated to apply such ptnmnents m the
<br />Gme saC11 payments are accepled. 11 e:mh Teri t is Payment is appl icd as of iu scheduled due date. then Lender, ncvd not pa,
<br />interCbtoln unapp God full d. Lender "ray holda¢hunapplied(Lnd until Borrower "lakes pu)rnentmbring the Loan cun'ent
<br />if Borrowcr does not do so within a rcunnuhlc period of time, Larder shall either apply such (finds or mtum them to
<br />Hunutcer. If uorapplied earlier such hmcfs will be applied to the outsunding principal balnnm under the Neill ...... J,ack
<br />prior to I"reel"eure_ No older or claim which BOrnrocr Inight have non or in the fumlC against Lender shall letter
<br />Borrotccl Gone making re) amenis due under the Note and this Se, run Instrument or pmto
<br />'rmmg the covenants i"d
<br />ngreetueuts secul'cd bythis Sccunty lnstmmcnt.
<br />2. Application of Payments m' Proceeds. hxcept Its otherwise described in this Section 2, Lill payments
<br />a¢epted and applied by I end, shall he applied in the following order of priotite (a) interest due under the Note.
<br />(b) principal due under the Note, (c) amounts due undel Section 3- Such payments slwil be applied to each Periodic Papnent
<br />in the order in which it became due. Any remaining am"una shall be applied First to late charge, second to Inv Warr,
<br />unuwlns due under this Seani y Instrument and then m reduce the principal be Inn ce of Note.
<br />NE13RcoSKA -Sghl- 1-EVn sic NI W P cent lc NU I P I FORK I IN5TR tI N ENT h —o3028 1 /man- /nrin,t -
<br />v
<br />v —iIIII le, I,", q-
<br />
|