|
<br />NdOZ8.oot.xml
<br />
<br />200903864
<br />
<br />(K) "Eledronlc Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is inillaled Ihrough an eleclronlc terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, Instruct, or authorize a financial Institution to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described In Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (I) damage to, or
<br />destruction of, the Property; (iI) condemnation or other taking of all or any pari of the Property; (ill) conveyance In
<br />lieu of condemnation; or (iv) misrepresentations of. or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means Insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (iI) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Proeedures Act (12 U.S.C. 52601 et seq.) and its Implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used In this Security Instrument,
<br />"RESP A" refers to all requirements and reslrlctions that are imposed in regard to a "federally related mOJ1gage loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(Q) "Successor In Interest of Borrower" means any party that has taken title to the Property. whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lender: (I) the repayment of the Loan, and all renewals, exlensions and
<br />modifications of the Note; and (iI) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower Irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale. the following described property located In the
<br />COUNTY of HALL
<br />IType of Recordlog JIll'IsdicUonJ [Name of Recording Jurisdiction]
<br />LOT ONE (1), BLOCK FIVE (5), IN MORRIS FOURTH ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />A.P.N.: 400064715
<br />
<br />whlchcurrenllyhaslheaddressof 119 EAST 20TH STREET
<br />
<br />[Sire..]
<br />
<br />GRAND ISLAND
<br />ICily]
<br />
<br />, Nebraska
<br />
<br />("Property Address"):
<br />
<br />68801
<br />[Zip Code]
<br />
<br />TOGETHER WITH all the Improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Securily Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. "
<br />
<br />BORROWER COVENANTS that Borrower Is lawfully seised of the estate hereby conveyed and has the righl
<br />10 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 any
<br />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 securlty instrument covering real property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Prindpal , Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowershall
<br />pay when due the principal of, and interesl on, the deht evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. currency. However. If any check or other
<br />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 NOle and this Security Instrument he made In
<br />one or more of the 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 deposits are Insured
<br />by a federal agency. Instrumentality. or entity; or (d) Electronic Funds Transfer.
<br />
<br />NEBRASKA--Slngle Famlly..Fannle MaeJFrfl<ldie Mac UNIFORM INSTRUMENT
<br />Form 302B 1/01 Page 2 of 11
<br />
<br />DocMagI., etF.~ SOO-649- .362
<br />_.docmsglc..,om
<br />
<br />~~
<br />
|