Laserfiche WebLink
2�:�103�.��� <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of <br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Se,curiry Instrument and the Note. For <br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described <br />property located in the ...................................................R��iIST.ER.OF.OEEAS..................................................... of <br />[Type of Recording Jurisdiction] <br />HAl4 G4UNTX . .. . ....................... . . ........ . .. . ...... . . ....................... . ......: <br />[Name of Recording Jurisdiction] <br />LOT SIX �8►. BLOCK ELEVEN (11►, CHARLES WASMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA <br />which currently has We address of ................................................15�� W KO�Nl�.................................................. <br />tst�eet� <br />..........................��►NDlS�IND..........................., Nebraska ...................6��O1..................... ("Property Address"): <br />[City1 [Zip CodeJ <br />TOGETHER WITH a.11 the unprovements now or hereafter erected on the �roperty, and all easements, appurtenances, <br />and fixtures now or hereafter a part of the properiy. All replacements and additions sha11 also be covered by this Securiry <br />Instrument. All of the foregoing is refened to in this Security Instrument as the "Properry." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey the Properiy and that the Properly is unencumbered, except for encumbrances of record. Borrower wanants and <br />will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combiues uniform covenants for national use and non-uniform covenants with limited <br />variations by jurisdiction to constitute a uniform security instrument covering real property. <br />UNIFORM COVENAN'I'S. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay <br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due <br />under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this <br />Security Instrument sha11 be made in U.S. currency. Howevet, if any check or other instrument received by Lender as payment <br />under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or a11 subsequent <br />payments due under the Note and this Securiry Instrument be made in one or anore of the following forms, as selected by <br />Lender: (a) cash; (b) money order; (c) certif'ied check, banl� check, treasurer's check or cashier's check, provided any such <br />check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entiry; or (d) Electronic <br />Funds Transfer. <br />Payments are deemed received by Lender when received at the location designated in the Note or at such other location <br />as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or <br />partial payment if the payment or partial payments are insufficient to bring the Loan current. Lender may accept any payment <br />or partial payment insufficient to bring the Loan current, without waiver of any rights hereunder or pre�udice to its rights to <br />refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such <br />payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on <br />una.pplied funds. Lender may hold such unapplied funds until Borrower makes payment to bring the Loan current. If Borrower <br />does not do so within a reasona.ble period of time, Lender sha11 either apply such funds or return them to Borrower. If not <br />applied earlier, such funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. <br />No offset or claim which Bonower might have now or in the future against Lender sha11 relieve Borrower from making <br />payments due under the Note and this Securiry Instrument or performing the covenants and agreements secured by this Securiry <br />Instrument. <br />2. Application of Payments or Pr�eeds. Except as otherwise described in this 5ection 2, all payments accepted and <br />applied by Lender sha11 be applied in the following order of priority: (a) interest due under the Note; (b) principal due under <br />We Note; (c) amounts due unfler 5ection 3. 5uch �ayments sha11 be applied to each Periodic Payment in the order in which it <br />became due. Any rema.ining amounts shall be applied first to late charges, second to any other amounts due under this Security <br />Instrument, and then to reduce the principal balance of the Note. <br />If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to <br />pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic <br />Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, <br />and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the <br />full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments <br />sha11 be applied first to any prepayment charges and then as described in the Note. <br />Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not <br />extend or postpone the due date, or change the amount, of the Peri�ic Payments. <br />3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until <br />the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other <br />items which can atta.in prioriry over this 5ecuriry Instrument as a lien or encumbrance on the Properly; (b) leasehold payments <br />or ground rents on the Properly, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) <br />Mongage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage <br />Insurance premiums in accorda.nce with the provisions of Section 10. These items are called "Escrow Items." At origination or <br />at any time during the term of the Loan, Lender may require that Communiry Association Dues, Fees, and Assessments, if any, <br />be escrowed b�+ Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shali promptly furnish to <br />Lender a11 notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless <br />Lender waives Borrower's obligation to pay the Funds for any or a11 Escrow Items. Lender may waive Borrower's obligation <br />to �ay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such <br />waiver, Borrower shall pay direcfly, when and where payable, the amounts due for any Escrow Items for which payment of <br />Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within <br />such time period as Lender may require. Borrower's obligation to make such payments and to provide receipts sha11 for all <br />purposes be deemed to be a covenant and a�reement contained in this Security Instrument, as the phrase "covenant and <br />agreement" is used in Section 9. If Bonower �s obligated to pay Escrow Items direcdy, pursuant to a waiver, and Borrower <br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � Form 3028 1/01 <br />Benkere Systema, Inc., St. Cloud, MN Form MD-1-NE 9/17/2000 (page 2 of 7 pageS) <br />