201104997 - Laserfiche WebLink

Browse

201�04997 (P) 'Teriodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) 'RESPA" means the Real Estate Settlement Procedures Act (12 U. S. C. Section 2601 et seq. ) and its implementing regularion, 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 subj�t matter. As used in this Security Instrument, °RESPA" refers to all requirements and restrictions that are imposed in regazd to a"f�erally 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 Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender' s successors and assigns) and the successors and assigns of MERS. This Security Instnunent 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 pwpose, Borrower irrevocably grants and conveys to Trust�, in trust, with power of sale, the following described property located in the County of Hall . [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Two (2), Block One (1). Waggener Subdivision to the City of Grand Island. Hall County. Nebraska Pazcel ID Number: 400105322 503 E 20TH ST GRAND ISLAND ("Property Address"): which currently has the address of [sueet] [city] , Nebraska 68801- 0000 [zip Code] TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements, appurtenances, and fiYtures 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 refened to in this S�urity Instrument as the "Property." Bonower understands and agr� that MERS holds only legal title to the interest granted by Bonower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nomin� for Lender and Lender's succ�ssars and assigns) has the right: to exercise any or all of those inter�ts, including, but not limited to, the right to foreclose and sell the Properiy; and to take any action required of Lender including, but not limiteri to, releasing and canceling this S�urity Instrument. 11-05-000157 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORAA INSTRUMENT WITH� �-6A(NE) (oe�o) Page 3 of 15 in�t�ais: Form 3028 1101 0