200801165 - Laserfiche WebLink

Browse

200801165 TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of :MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of1he Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to lTustee, in trust, with power of sale, the following described property located in the County ofHaJI: [TYpe of Recording Jurisdiction} [Name of Recorrlmg Jurisdiction] Lot Thirty-Three (33), Grand West Third Subdivision in the City of Grand Island Hall county, Nebraska whicb currently has the address of 4163 AIlen Avenue [Streetl Nebraska 68803 [Zip Code] Grand Island, [City] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Sccurity Instrument. AIl of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted hy Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wiIl defend generally the title to the Property against all claims and demands, su bj eet to any encumbrances of record. THIS SECURITY rnSTRUMENT combines uniform covenants for national use and non.uniform covcnanlq with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, tbe debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made .in one or more of tile following fuIlIUl, as selected by Lender: (a) cash; (b) money order; (e) cc:rtified check, bank check. treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. . Payments are deemed received by Lenda when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept Nebraska Deed ofTrust-Sinp: Fwnily- Fallllie MaeIFreddle Mac UNlFORMJNSTRUMENT -THE COMPLIANCE SOURCF.. INC.- Page 3 of 13 www..lIIIlpl........................ MERS Modified Fonn 3028 01101 14301NJl: 08IW 02000, The Qlq>ll.... so"",", Ine. 6312905 5/3 - '" dZ - c;>--')-' J..J ~ Ci--S - or;