|
TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instr�ment secures to Lender: (i) the repaym nt of the Loan, and all renewal
<br />the Note; and (n) the performance of Borrower's covenants and agreements under this Secu:
<br />ttus purpose, Borrower irrevocably grants and conveys t Trustee, in trust, with power
<br />propertylocated in the .............................................. ....... ...... ... ............ ......... ..
<br />[Type of Recording Jurisdiction]
<br />................... ........................................... .................
<br />[Name of Reoording JurisdictionJ
<br />LOT TWO (21, M& S SUBDIVISION, IN THE CITY OF GRAND ISLAND, H LL COUNTY, NEBRASKA
<br />which cunently has the address of ... ... ... ... ... ... ... ... ... ... !,
<br />.........................GRANDISlAN4.........................., Ni
<br />ICity]
<br />TOGETHER WITH all the improvements now or :
<br />and fixtures now or hereafter a part of the property. All
<br />Instrument. All of the foregoing is referred to in this Securii
<br />BORROWER COVENANTS that Bonower is
<br />and convey the Property and that the Property is une:
<br />will defend generally the title to the Property against all
<br />.............. �115 W,LAMAR A�IC......I{
<br />[Street7 ,
<br />... ... ... ... ... ... .8R$0� , ... ..
<br />[Zip Code]
<br />r erected on the prop�rty,
<br />ments and additions '; shall
<br />ment as the "Property; "
<br />ly seised of the estate heredby
<br />;red, except for encumbrances
<br />and demands, subject to any en
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use �nd
<br />variations by jurisdiction to constitute a uniform security insT ent covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender c venant and agree as follows;
<br />1. Payment of Principal, Interest, Escrow Ite , Prepayment Charges, amd L
<br />when due the principal of, and 'vnterest on, the debt evide ced by the Note and any pre a
<br />under the Note. Borrower shall also pay funds for Escrow tems pursuant to Section 3. Payi
<br />Security Instrument shall be made in U.S. currency. Howe er, if any check or other instrumi
<br />under the Note or this Security Instrument is returned t Lender unpaid, Lender may r�
<br />payments due under the Note and this Security Instrumen be made in one or more nf th�
<br />Lender: (a) cash; (b) money order; (c} certified check, b cl�eck, treasurer's check ar a
<br />check is drawn upon an institution whose deposits aze ins ed by a federal agency, instrume�
<br />Funds Transfer.
<br />Payments are deemed received by Lender when rec 'ved at the location designated in
<br />as may be designated by Lender in accordance with the n tice provisions in Section �5. L
<br />partial payment if the payment or partial paym,ents are ins fficient to bring the Loan cti'�rrent
<br />or partial payment insufficient to bring the Loan cunent, ithout waiver of any rights here
<br />refuse such payment or partial payments in the future, bu Lender is not obligated to, appl;
<br />payments are accepted. If each Periodic Payment is appli as of its scheduled due date, the
<br />unapplied funds. Lender may hold such unapplied funds il Borrower makes payment, to bY
<br />does not do so within a reasonable period of time, Lende shall either apply such fu�ds o�
<br />applied earlier, such fiwds will be applied to the outstandin principal balance under th� Note
<br />No offset or claim which Borrower might have now or ' the future against Lend�r sha
<br />payments due under the Note and this Securiry Instrument r performirig the covenants �nd a
<br />Instrument.
<br />2. Application of Payments or Proceeds. Except s otherwise described in this S
<br />applied by Lender shaIl be applied in the following order f prioriry: (a) interest due under
<br />tlze Note; (c) amounts due under Section 3. Such payment shall be applied to each Periodi
<br />became due. Any remaining amounts shall be applied first o late charges, second to anb oth
<br />Tnstrument, and then to reduce the principal balance of the N te.
<br />If Lender receives a payment from Borz�ower for a elinquent Periodic Payment whi
<br />pay any late charge due, the payment may be applied to th delinquent payment and th� late
<br />Payment is outstanding, Lender may apply any payment r eived from Bonower to the� repa
<br />and to the extent tkat, each payment can be paid in full. T the extent that any excess exists
<br />full payment of one or more Periodic Payments, such exc ss may be applied to any late ch
<br />shall be applied firsi to any prepayment charges and then as escribed in the Note.
<br />Any application of payments, insurance proceeds, r Miscellaneous Proceeds to prin
<br />extend or postpone the due date, ar change the amount, of th Periodic Payments.
<br />3. Funds for Escrow Items. Bozrower shall pay t Lender on the day Periodic' Pa
<br />the Note is paid in full, a sum (t�e "Funds") to provide f r payment of amounts due for: (
<br />items which can attain prio�ty over this Securiry Instrume t as a lien or encumbrance on th
<br />or ground rents on the Property, if any; (c) premiums for any and all insurance required b
<br />Mortgage Insurance premiums, if any, or any sums pay ble by Borrower to Lend�r in '
<br />Insurance premiums in accordance with the provisions of S tion 10. These items are Called
<br />at any time during the term of the Loan, Lender may requ' e that Community AssociatiQn D
<br />be escrowed by Bonower, and such dues, fees and assess ents shall be an Escrow It�m.
<br />Lender all notices of amounts to be paid under this Secti n. Borrower shall pay Lerider �
<br />Lender waives Borrower's obligation to pay the Funds for any or all Escrow Items. L'ender �
<br />to �ay to Lender Funds for any or all Escrow Items at any ime. Any such waiver mayl only
<br />waiver, Bonower shall pay directly, when and where pay ble, the amounts due for ak�y E
<br />Funds has been waived by Lender and, if Lender requue , shall furnish to T,ender receipt
<br />such time period as Lender may require. Borrower's obl gation to make such payme�ts c
<br />purposes be deemed to be a covenant and agreeznent c ntained in this Security Instrun �
<br />agreement" is used in Section 9. If Borrower is obligated to pay Escrow Items directly, p
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM
<br />Bankars Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000
<br />�U��U3U8�
<br />4
<br />extensions and modifications of
<br />� Instn�.ment and the Note. For
<br />f sale, the following described
<br />.................................. of
<br />........................................
<br />............ {"Property Address"):
<br />all easements, appurtenances,
<br />� be covered by ttus Security
<br />reyed and has the right to grant
<br />record. Bonower warrants and
<br />ibrances of record.
<br />covenants with limited
<br />e Charges. Bonower shall pay
<br />ent charges and late charges due
<br />�nts due under the Note and this
<br />t received by Lender as payment
<br />�uire that any or all subsequent
<br />following forms, as selected by
<br />hier's checky p�'ovidedf �y such
<br />�lity, or entity; or (d) Electronic
<br />he Note or at such other location
<br />❑der may return any payment or
<br />Lender may accept any payment
<br />ader or prejudice to its nghts to
<br />such payments at the time such
<br />Lender need not pay interest on
<br />ng the Loan current. If Bonower
<br />return them to Bortower. If not
<br />immediately prior to foreclosure.
<br />relieve Borrower from making
<br />reements secured by this Security
<br />ion 2, all payments accepted and
<br />he Note; (b) principal due under
<br />Payment in the order in which it
<br />amounts due under this Security
<br />includes a sufficient amount to
<br />�rge. If more than one Periodic
<br />:nt of the Periodic Payments if,
<br />�r the payment is applied to the
<br />;s due. Voluntary prepayments
<br />due undez the Note shall not
<br />:nts are due under the Note, until
<br />taxes and assessments and other
<br />Property; (b) leasehold paymettts
<br />Lender under Section 5; and (d)
<br />eu of the payment of Mortgage
<br />Escrow Items," At origination or
<br />s, Fees, and Assessments, if any,
<br />rrower shall promptly furnish to
<br />: Funds for Escrow Items unless
<br />nay waive Borrower's obligation
<br />e in writing. In the event of such
<br />row Items for w}uch payment of
<br />evidencing such payment within
<br />to provide receipts shall for all
<br />it, as the phrase "covenant and
<br />suant to a waiver, and Borrower
<br />Fo m 302 1/ 1
<br />2 Of 7�!!l11gQS� �
<br />
|