200505408 - Laserfiche WebLink

Browse

'4691995617p 200505408 BORROWER'S TRANSFER TO TRUSTEE OF RIGHTS IN THE PROPERTY: irrevocably grant and convey the Property, in trust, with power of sale, to Trustee subject to the terms of this Security Instrument. This means that, by signing this Security Instrument, I am giving the Trustee and the Lender those rights that are stated in this Security Instrument and also those rights that the law gives to lenders who hold deeds of trust on real property. I am giving Trustee and Lender these rights to protect Lender from possible losses that might result if I fail to: (A) Pay all the amounts that I owe Lender as stated in the Note; (B) Pay, with interest, any amounts that Lender spends under Paragraph B of this Security Instrument to protect the value of the Property and Lender's rights in the Property; or (C) Keep all of my other promises and agreements under this Security Instrument. MERS is the beneficiary of this Security Instrument (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. I understand and agree that MERS holds only legal title to the rights granted by me in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successor and assigns) has the right: (A) to exercise any or all of those rights, including, but not limited to, the right to foreclose and sell the Property; and (B) to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument, DESCRIPTION OF THE PROPERTY: I give Trustee rights in the Property described in (A) through (1) below: (A) The Property which is located at 4040 Cannon Road, Grand Island, NE 68803 This Property is in Hal l County. It has the following legal description: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. SUBJECT TO COVENANTS OF RECORD. (B) All buildings and other improvements that are located on the Property described in Subparagraph (A) of this Paragraph; (C) All easements, rights and appurtenances attached to the Property that I have as owner of the Property described in Subparagraph (A) of this Paragraph; (D) All rents or royalties from the Property described in Subparagraph (A) of this Paragraph; (E) All mineral, oil and gas rights and profits, water rights and stock that are part of the Property described in Subparagraph (A) of this Paragraph; (F) All rights that I have in the land which lies in the streets or roads in front of, or next to, the Property described in Subparagraph (A) of this Paragraph; (G) All fixtures that are now or in the future will be on the Property described in Subparagraphs (A) and (B) of this Paragraph; (H) All of the rights and Property described in Subparagraphs (B) through (G) of this Paragraph that I acquire in the future; and (1) All replacements of or additions to the Property described in Subparagraphs (B) through (H) of this Paragraph. HELOC Deed of Trust - Nebraska Page 2 of 8 2004103 hene -2.pcl