200906592 - Laserfiche WebLink

Browse

2oo9os~s2 (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers W all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Praperly, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER QI+ RIGH'T'S IN THE PROPER'T`Y The beneficiary of this Security Instrument is MFRS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. 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 Thistee, in trust, with power of sale, the following described property located in the: COUNTY of HALL [Recording .lurisdiction] [Name of Recording Jurisdiction] SEE ATTACHED SCHI:DULI: A which currently has the address of 4009 LILLIE DRIVE [street] GRAND ISLAND ,Nebraska G8803 ("Property Address"), [City] [Zip Code] 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 understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sail the Froperty; and to take any action requu•ed of Lender including, but not limited to, releasing and canceling this Security Instrument. BpRROWER COVENANTS that 13orrawer is lawfully seized 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. UNIFQRM COVENANTS. Borrower and Lender covenant and agree as fogows: I. Payment of Prfncipay Interest, Escrow Items, Prepayment Charges, aad 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 fields for Escrow Items pursuant to Section 3. Fayments 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 Nebraska lleed of'irust~lugie Family-Fanaie MaeJFreddte Mac Uniform Instrument MER5 Modified Form 3028 I/01 The Comptlapce Source, Inc. Page 3 of t4 Modl6ed by Compliance Source 1430INE 08/00 Rev OM08 www compiianceaource.com ®Z000, The Compliance Source, Iuc. i illll II I III VIII VIII IIIiI VIII VIII VIII VIII VIII illll IIII II I III VIII Illlll VIII III II I III illl it I III VIII IIII IIII *' + 0 2 8 0 9 0 0 4 8 7 ~+ O O A p ~+ 3 + 1 4 ~