|
<br />200601737
<br />
<br />DOC ID #: 00012664760702006
<br />LOT FIVE (5), IN BLOCK TWO (2), IN CONTINENTAL GARDENS, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />Parcel ID Number: 400037726
<br />
<br />which currently has the address of
<br />
<br />5 VIA COMO, GRAND ISLAND
<br />[Street/Cityl
<br />
<br />Nebmska 68803-1732 ("Property Address"):
<br />[Zip Code I
<br />
<br />TOGETHER WITH all Lhe improvement,> now or hereafter erected on Lhe property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also
<br />be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument a,> the
<br />"Property." Borrower understands and agrees Lhat MERS holds only legal title to the interest granted by
<br />Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (a,> nominee for
<br />Lender and Lender's successors and assigns) ha,> Lhe right: to exercise any or all of those interests, including,
<br />but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender
<br />including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of Lhe estate hereby conveyed and has the
<br />right to grant and convey Lhe Property and that Lhe Property is unencumbered, except for encumbrances of
<br />record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />TillS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree a,> follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower
<br />shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment
<br />charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to
<br />Section 3. Payment,> due under the Note and this Security Instrument shall be made in U.S. currency.
<br />However, if any check or oLher instrument received by Lender as payment under the Note or this Security
<br />Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under
<br />the Note and this Security Instrument be made in one or more of the following forms, a,> selected by Lender:
<br />(a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any
<br />such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or
<br />entity; or (d) Electronic Funds Transfer.
<br />Payments are deemed received by Lender when received at the location designated in the Note or at such
<br />other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender
<br />may return any payment or partial payment if the payment or partial payments are insufficient to bring the
<br />Loan current. Lender may accept any payment or partial payment insufficient to bring Lhe Loan current,
<br />without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in
<br />the future, but Lender is not obligated to apply such payments at the time sueh payments are accepted. If each
<br />Periodic Payment is applied as of it,> scheduled due date, then Lender need not pay interest on unapplied
<br />funds. Lender may hold such unapplied funds until Borrower makes payment'> to bring the Loan current. If
<br />Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return
<br />them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under
<br />the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future
<br />against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument
<br />or performing the covenants and agreements secured by this Security Instrument.
<br />2. Application of Payments or Proceeds. Except a<; otherwise described in this Section 2, all payment,>
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the
<br />Note; (b) principal due under the Note; (e) amounts due under Section 3. Such payments shall be applied to
<br />each Periodic Payment in the order in which it beeame due. Any remaining amount'l shall be applied first to
<br />late charges, second to any other amounts due under this Seeurity Instrument, and then to reduce Lhe principal
<br />balance of Lhe Note.
<br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a
<br />sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the
<br />late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from
<br />
<br />. -6A(NE) (0407)
<br />@
<br />
<br />CHL (08/05)
<br />
<br />Page 3 of 11
<br />
<br />Form 3028 1/01
<br />
<br />~
<br />CV'
<br />
|