200702381 - Laserfiche WebLink

Browse

Loan No.: 0001162315 200702381 Tax I[)/ Parcel Number: N/A which has the address of 240 North Waldo, Grand Island, NF 68803 . ("Propeliy Address") TOCiETIIER WITII all the improvements now or hereafter erected on the propel1y, and all casements, appurtenances and fixtures now or hereafter a part 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 Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Propeliy is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. TIllS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. I. Payment of Principal. Borrower shall pay when due the principalof the debt evidenced by the Note. 2. Borrower Not Released; Forbearance By I ,ender Not a Waiver. Extension of the time of payment of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bonower shall not operate to release the liability of the original BOITower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original BOlTower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 3. Successors and Assigns Bound; Joint and Several Liability; Co-signers.fhe covenants and agreements of this Security Instrument shall bind and bendl t the successors and assigns of Lender and Borrower. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrulnent but docs not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Propel1y under the tenns ofthis Security Instrument; (b) is not personally obligated to pay the SUIllS secured by this Security Instrument; and (c) agrees that Lender and any other BOlTower may agree to extend, Illodify, forbear or make any accommodations with regard to the term of this Security Instrument or the Note without that BOlTower's consent. NFBRASKA SUBORDINATE DFED OF TRUSt PAGE20FS