201100335 - Laserfiche WebLink

Browse

I III f[ JANUARY 0 2,011. The Debt Instrument states that Borrower owes Lender, or may ogre Lender, an amount that may vary from time to time up to a maximum principal sum outstanding at any one time of, TWENTY- FIVE THOUSAND AND 00/100THS Dollars (U.S. $�5 000.00) plus interest. Borrower has promised to pay this debt in Periodic Payments and to pay the debt in full not later than seven (7) calendar days after February 052.2051. (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt Instrument, and also all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: /A Leasehold Rider N/A Third Party Rider N/A Other(s) [specify] N/A (I) "Master Farm Deed of Trust" means the Master Form Deed of Trust dated August 14 2007, and recorded on September 19, 2007, as Instrument No. 0200708091 in Book nla at Page la in the Office of the Register of Deeds of Hall County, State of Nebraska. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all future advances, renewals, extensions and modifications of the Debt Instrument, including any future advances made at a time when no indebtedness is currently secured by this Security Instrument; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Debt Instrument. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the Count of [Type of Recording Jurisdiction] Hall [Name of Recording Jurisdiction] THE FOLLOWING DESCRIBED REAL ESTATE IN HALL COUNTY, NEBRASKA: LOT ONE (1) SHARP ACRES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which currently has the address of GRAND ISLAND [City] 2763 O'FLANNAGAN STREET [Street] Nebraska 68803 [Zip Code] ( "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." The Property shall also include any additional property described in Section. 20 of the Master Form Deed of Trust. 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 as of the execution date of this Security Instrument. Borrower warrants and will defend generally the title NEBRASKA —SHORT FORM OPEN -END SECURITY INSTRUMENT (page 2 of 4 pages) HCWF# 4814-9165-7985v2 02/21/20 11111INER 0 91m Documents Processed O1 -04 -2011, 15:00:10