|
<br />.:'}<,
<br />
<br />,~ t ~ I r.,,:~
<br />
<br />'\ :,,;:i
<br />
<br />. ; ; :,?-' f'
<br />
<br />related mortgage loan" even if the Iwar\ dc?es not qualify 'as a "federally related mortgage loan" under
<br />RESPA.' : ; : ',.
<br />(Q) "Successor in Interest of Borrower:.' ~eanf ant.... pattY,', that h.as take~ title t~ the Property, whether or not
<br />that party has assumed Borrower's 'Obltgatibnstunc\l::r t~e Note a,nd/or thIs Security Instrument.
<br />'I' i ~ ""
<br />
<br />TRANSFER OF RIGHTS IN THE PRO"E~TY~ This Security histrument secures to Lender: (i) the repayment
<br />of the Loan, and all renewals, extensions and J!1o~fic*ions of the (Note; and (ii) the performance of Borrower's
<br />covenants and agreements under this Security lnsttum~nt ~nd the ~ote. For this purpose, Borrower irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County
<br />of Hall:
<br />
<br />200902572
<br />
<br />i .Il
<br />
<br />..~.
<br />.. ~
<br />~ "'"~
<br />
<br />"1",',',
<br />".'
<br />
<br />
<br />,,,.
<br />:7.''',
<br />ll,,,i
<br />
<br />Lots One (1) and Two (2), Fries Subdivision, in the Village of Cairo, Hall County, Nebraska.,
<br />Parcel #400460564, which currently has the address of 502 W Medina Street, Cairo, Nebraska
<br />68824
<br />
<br />("Property Address'].
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected 011 the property, and all casements,
<br />appunenanccs. and fixtures now or hereafter a part of the property, All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Propeny."
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited 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 />
<br />I. 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
<br />prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow
<br />Items pursuant to Section 3. Payments due under the Note and this security Instrument shall be made in
<br />U.S, currency. However, if any check or other instrument received by Lender as payment under the
<br />Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all
<br />subsequent payments due under the Note and this Security Instrument be made in one or more of the
<br />following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose
<br />deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />
<br />Payments are deemed received by Lender when received at the location designated in the Note or at
<br />such other location as may be designated by Lender in accordance with the notice provisions in Section
<br />15, Lender may return any payment or partial payment if the payment or partial payments are
<br />insutlicient to bring the Loan (;urrent. Lender may accept any payment or partial payment insufficient
<br />to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse
<br />such payment or partial payments in the future, but Lender is not obligated to apply such payments at
<br />the time such payments are accepted, If each Periodic Payment is applied as of its scheduled due date,
<br />then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until
<br />Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable
<br />period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier,
<br />such funds will be applied to the outstanding principal balance under the Note immediately prior to
<br />foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall
<br />relieve Borrower from making payments due under the Note and this Security Instrument or
<br />performing the covenants and agreements secured by this Security Instrument.
<br />
<br />2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments
<br />accepted and applied by Lender shall be applied in the following order of priority: (a) interest due
<br />under the Note; (b) principal due under the Note; (c) amounts due under Section 3, Such payments
<br />shall be applied to each Periodic Payment in the order in which it became due, Any remaining amounts
<br />shall be applied first to late charges, second to.anyother amounts due under this Security Instrument,
<br />and then to reduce the principal balance of the Note.
<br />
<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
<br />and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment
<br />received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each
<br />payment can be paid in full. To the extent that any excess exists after the payment is applied to the full
<br />payment of one or more Periodic Payments, such excess may be applied to any late charges due.
<br />Voluntary prepayments shall be applied first to any prepayment charges and then as described in the
<br />Note.
<br />
<br />NUlMASKA _ ''It'If!I..: hllllily "'lI.htlk MII~ft-r~lltlle MlIILlINIFOl{1'tl INSTRllMENT fnrl113028 1101
<br />o 2004.20Dl:! C~Jpyri~ht COmph:;ini;e Systems, Inc, D49F~552f. 1008,10,254 www.compliancesystems.cortl
<br />
<br />
<br />[~:~"'.""~.""'~~ OU~ ___~. ~"- ~--=- _':%'''''~-'''''''J
<br />
|