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200608343
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Last modified
9/18/2006 4:38:14 PM
Creation date
9/18/2006 4:38:13 PM
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DEEDS
Inst Number
200608343
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<br />200608343 <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and <br />the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all <br />renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with <br />power of sale, the following described property located in the COUNTY of <br />[fype of Recording Jurisdictionl <br /> <br />HALL <br />[Name of Recording Jurisdiction] <br /> <br />L-E6AI:-eESGRlM"49N-AHAGKED HERElG-AND M^DE-A~T F1eREOF <br /> <br />Lot Three (3) and the East Seventeen (1J) feet of Lot Four (4), Block E, in KacCell <br />and Leflang's Second Addition to the Village of Wood River, Hall County, Nebraska. <br /> <br />which currently has the address of <br /> <br />307 W 11TH 5T <br />[Street I <br /> <br />WOOD RIVER <br />[City] <br /> <br />, Nebraska <br /> <br />68883 <br />[Zip Code] <br /> <br />("Property Address"): <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and <br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security <br />Instrument. All of the foregoing is referred to in this Security Instmment as the "Property." Borrower understands and agrees <br />that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply <br />with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of <br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of <br />Lender including, but not limited to, releasing and canceling this Security Instrument. <br /> <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and <br />will defend generally the title to the Property against all claim.. and demands, subject to any encumbrances of record. <br /> <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited <br />variations by jurisdiction to constitute a uniform security instrument covering real property. <br /> <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1, Payment of Principal, Interest and Other Charges, Borrower shall pay when due the principal of, and interest on, <br />the debt evidenced by the Note and if allowable under Applicable Law, any prepayment charges and late charges due under the <br />Note. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or <br />other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, <br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or <br />more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's <br />check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, <br />instrumentality, or entity; or (d) Electronic Funds Transfer. <br />2. Application of Payments or Proceeds. Payments are deemed received by Lender when received at the location <br />designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in <br />Section 14 or in such manner or location as required under Applicable Law. Except as otherwise described in this Section 2, and <br /> <br />NEBRASKA DEED OF TRUST-Single F8lIlily--Secondary Lien <br />THE COMPLIANCE SOURCE, INC. iC> <br />ITEM 8627L3 (0304}-MERS MFNE3118 <br /> <br />tJJl <br /> <br />(Page 3 of lJ pages) <br /> <br />tP~Je9\11IfJtatO-53o-9393 0 ~~~~~~~~,~ <br /> <br />t1;tTV'1l <br />
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