200903932 - Laserfiche WebLink

Browse

200903932 TRANSFER OF RIGHTS IN TI IE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the 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 Trustee, in trust, with power of sale, the following described property located in the ...................................................RE.~xIS?ER.4F.UE1;4S..................................................... of (Type of Recording Jurisdictionl HAII ~4lI.NTY ................................................................................ (Name of Recording Jurisdictionl THE SOUTHERLY SIXTY-SEVEN AND EIGHT TENTWS (67.8- FEET OF TWE FOLLOWING DESCRIBED PROPERTY: FRACTIONAL LOT FOUR 141, FRACTIONAL BLOCK TWENTY-ONE1211 IN RUSSEL WHEELER'S ADDITION AND ITS COMPLEMENT: FRACTIONAL LOT FOUR (4-, FRACTIONAL BLOCK ONEI1-, H.G. CIARK'S ADDITION, BOTH BEING ADDITIONS TD THE CITY DF GRAND ISLAND, HALL COUNTY, NEBRASKA 1013 N E which currently has the address of .....................................................L.treat...................................................... s 1 . , . GRANp ISLANp, , , , ............... . Nebraska ................... G~.$Ul..................... ("Property Address") .. ..................... ICityl ....... lZip Cadet TOGETI-TER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenanctrs, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instn~ment. All of the foregoing is referred to in this Security Instrument as the "Property." BORItUWER 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. Borrower warrants and will defend generally the tale to the Property agatnst all claims and demands, subject to any encumbrances of record. 'PHIS SF:CiJRI'I'Y 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. lJN1FORM 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, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. I3orrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security instrument shall be made in iJ.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 the following forms, as selected by Lender; (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an inslitatinn whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds `T'ransfer. Payments arc deemed received by Lender 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 renrrn any payment or partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment or partial payment insutfrctent to bring the Doan currant, without waiver of any rights hereunder or pre~udtce to its rights to rehire such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on uriapplied funds. Lender may hold such unapplied hinds until Borrower makes payment to bring the Doan current. It Borrower does not do so within a reasonable period of time, bender shall either apply such funds or return them to I3orrower. if not applied earlier, such funds will be apphed to the outstanding principal balance under the Note immediately prior to Foreclosure. No offset or claim which Borrower miglrt have now or in the future against I.,ender shall relieve Borrower from making payments due under the Note and this Security instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall he applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. if Tender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Pcriodre Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic 1'aymenls, suds excess may he applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the I'eriodre Payments. 3. li'~nds for Escrow Items. I3orrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in tall, a sum (the "Funds") io provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance prcmitrms, if any, or any Burns payable by Borrower to Lender in hcu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. `T'hese items are called "Escrow Items." At origination or at any time during the term of the T..oan, Tender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. BOrrOWer shall promptly furnish to Lender all notices of amounts to be paid larder this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Tender requires, shall hirnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenanC and agreement contained in this Security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower NEBRASKA-Singla Family-Fannie MaelFraddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Bankers Systems, Inc., St. Cloud, MN Farm MD-1-NE 8/17(2000 (pnRe 2 of 7 pnRes)