200904852 - Laserfiche WebLink

Browse

• 200904852 • related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE 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 County of Hall: A Certain part of the North 10 Acres of the West 1/2 of the Northwest 1/4 of Section 10, in Township 11, North of Range 9, West of the 6th P.M., in Hall County, Nebraska, more particularly described as: Beginning at a point on the North line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of said Section 10, which point is 528.0 feet West of the Northeast corner of the North 10 Acres of the West 1/2 of the Northwest 1/4 of said Section 10; running thence South parallel to the East line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of said Section 10, 330.0 feet; running thence West parallel to the North line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of Section 10, 132.0 feet; running thence North parallel to the East line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of Section 10, 330.00 feet, to a point on the North line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of said Section 10; running thence East upon and along the North line of the North 10 Acres of the West 1/2 of the Northwest 1/4 of said Section 10, 132.0 feet, to actual point of beginning; subject to one -half of the county road to the North of said premises which currently has the address of 805 E CAPITAL AVE, Grand Island, Nebraska 68801 ( "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." 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. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THiS SECURITY 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. 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, the 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 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 institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are 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 return 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 insufficient to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse 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 unapplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender 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 be applied in the following order of priority: (a) interest due NEBRASKA -Single Fanily - F.ank M..N.ddle Mae UNIFORM INSTRUMENT Farm 30381/01 ® 2004.2007 Copyright Compliance Systmm. ]no. CD6D -9D$F - 2007.10.173 w .complianeesystems.com ci..I. F.mib R..l F.cMto _ s— Atv T —t-mem n1.2047 Paae 2 of 11 800- 968 -8522 - Fax 616- 956 -1868