200909061 - Laserfiche WebLink

Browse

2oosososi TRANSFER OF RIGHTS IN TLiE 1'RC)PERTY This Security Instrument secures to I,endgr: (i) the repayttient of the Loan, and alt: renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreetents under `ibis Security Instrument and the Note. For this purpose, $orrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described gq~(NTY property located in the ........................... . ................. . .. .l..YP.. of .Recur ~~ ~ ~ ~unsdictionj ........... , , . , ..... , ..............:...... of ]~ T e do J ' .~Q~....t~ a:~1 ...................... ............................................ (Name of Recording Jurisdictions LOT SIX (6-, ISLAND ACRES NUMBER 7, IN THE {:kW OF GRAND ISLAND, HALL COUNTY, NEBRASKA. C~ ~-7 which currently has the address of .................. ...,.....3131,WEST,STATE,STREET_...,,.,,,,.,.,,,,,,,,,,,,...,.,,,,.,.... ............. • • [Sireetl . ,GRAND ISLAND Nebraska ....................~88.g3, . , , ................ ("Property Address") -Cityl lZip Cndel 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 replacetnent.s and additwns shall also he covered by this Security Instrument. Alt of the foregoing is referred to in this Security lnsttwnent as the "Property." BORROWER (~OVF,NANTS 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 true to the Property against. all claims and demands, subject m any encumbrances of record. THIS sE(:[IR1TY INSTRUMENT combings uniform covenants for national use and non~unifonn covenants with litxiited variations by jurisdiction to constitute a uniform sgcurity 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 dug undgr the Note and this Security Instrument shall hg made in U.S. currency. However, if any check or other instrument received by l.,ender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due undgr the Note and this sgcurity Inst.ruznent he made in one or more of the following forzzas, 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 arc insured by a I'edcral agency, instrumentality, or entity; nr (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location designated in the Notg or at such other Location as may be designated by Lender in accordance with the notice provisions in Section lS. 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 prelud-ce to its rrghts 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 intgrest on unapplied funds. Lender may hold such unapplied funds until $orrowgr makes payment to hying the Loan current. It Borrower does not do so within a reasonable period of tune, l,endgr shall either apply such funds nr return them to. Borrower. If not applied earlier, such funds will he applied to the out.st.anding principal balance undgr the Nnte immediately prior to foreclosure. No offset or claim which Burrower might have now or rn the future against Lender shall relieve Borrower from making payments due under the Note and this Security Instrument nr performing the covenants and agreements secured by this Security Instrument. 2. Application of Payments or Proceeds. 13xcept 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 dug undgr the Note; (h) principal due under the Note; (c) amounts due under Section 3. Such payments shall he applied to each Periodic Payment in the order in which it became due. Any remaining atnounts Shall hg applied firs[ to late charges, second to any other amounts due under this sgcurity Instrument, and then to reduce the principal balance of the Nvte. If Lender receives a payment from $orrowgr for a delinquent Periodic Payment. which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquenC payment and the late charge. if znorg than one Periodic 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 -n full. '1'o the extent that any excess exists after the payment. is applied to the full payment of one or more Periodic Payments, such excess tztay hg applied w 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 undgr the Note shall not extend or postpone the due date, yr change the amount., of the Periodic Payments. 3. Funds for Escrow Iteitxis. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts dug for; (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or gncumhrance nn the Property; (h) leasehold payments or ground rents on the Property, if any; (c) prezziiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payzzient of Mortgage Insurance premiums in accordance with the prov-s-onr.• of Section 10. These items are called "Escrow Items." At origination or at airy time during the term of the Loan, Lender ritay require that Cottununity Association Dues, Lees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall he an }iscrow Item. Borrower shall promptly furnish to Lender all nnt-ces of amounts to he paid under this Section. Borrower shall pay Lender the Lundy for Escrow ltezns ualess Lender waives Borrower's obligation to pay the Funds for any or all lscrnw Items. Lender may waive Borrower's obligation to day to Lender Funds for any or all Escrow Items at any time. Any such waiver may only he in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts dug for any Escrow ltetns for which. payment of Funds has been waived by Lender and, if l.cnder requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require, Hvrrowcr's obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreenient contained in this security Instrument, as the phrase "covenant and agreement" is used in Section 9. If Borrower -s obligated to pay Escrow Items directly, pursuant to a waiver, and 13arrower NEBRASKA--Single Family-Fannio Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Bankers Systems, Inc., St. Cloud, MN Form Mp~ 1 ~NE 8/17/2000 (1~Rr ~ R/~ ~~R~'•~')~---.