200805210 - Laserfiche WebLink

Browse

200805210 ~ vary from time to time up to a maximum principal sum outstanding at anyone time of, FIFTY THOUSAND AND 00/100THS Dollars (U.S. $50.000.00) plus interest. Borrower has promised to pay this debt in Periodic Payments and to pay the debt in full not later than seven (7) calendar days after Julv 02. 2048. (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt Instrument, and also all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ~ Leasehold Rider ~ Third Party Rider ~ Other(s) [specify] N/A (I) "Master Form Deed of Trust" means the Master Form Deed of Trust dated AUl!ust 14. 2007, and recorded on Seotember 19. 2007, as Instrument No. 0200708091 in Book nla at Page nla in the Office of the Register of Deeds of Hall County, State of Nebraska. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrumeut secures to Lender: (i) the repayment of the Loan, and all future advances, renewals, extensions and modifications of the Debt Instrument, including any future advances made at a time when no indebtedness is currently secured by this Security Instrument; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Debt Instrument. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County [Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction] SEE ATTACHED EXHIBIT which currently has the address of GRAND ISLAND [City] , Nebraska 1123 W 1ST ST [S treet] 68801 [Zip Code] ("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 Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." The Property shall also include any additional property described in Section 20 of the Master Form Deed of Trust. BORROWER COVENANTS that Borrower is lawfully seised 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 as of the execution date of this Security Instrument. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. MASTER FORM DEED OF TRUST NEBRASKA - SHORT FORM OPEN-END SECURITY INSTRUMENT iiiiiiilli.iiiilllllliillllll (page 2 of3 pages) Documents Processed 05-30-2008,15:53:39