201108504 - Laserfiche WebLink

Browse

201i08504 (0) 'Teriodic Payment" means the regulariy scheduled amount due for (i) principal and interest under the Note, plus (ii) any arnounts under Section 3 of this Security Instrument. (P) 'R2ESPA" means the Rea1 Estate SettlementProcedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any addifional or successor legislation or regulation that governs the same subject matter. As iased in this Security Instrunnent, "RESPA" refers to alt requirements and restrictions that are imposed in regard to a° federally related mortgage toan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. . (Q) "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. TRANS�ER OF RIGHTS IN THE PROP�l'Y 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 Instrument 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 purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL • [Type of Recarding Jurisdiction] [Name of Recordi� Jurisdidion) SEE LDGAL DFSCRIFTION ATTACgIED �IERE'IC1 AI�ID MADE A PART I�RF:OF AS EXEiIBIT "A" . A.P.N.: 400383195 which currently has the address of GRAND ISLAND [CityJ 2123 , Nebraska NASHVILLE ST [street] 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 pazt of the property. A11 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." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors and assigns) has the right: to exercise any ar all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is Iawfuliy 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 ritie to the Property against all claims and demands, subject to any encumbrances of record. NEBRASKA-Single Famify-UNtFORM INSTRUMENT Dor.Maglc� MODIFIm FOR DEPARTMENT OF VEfERANS AFFAIRS - MERS www.docmagic.com (Rev. 1/01) Page 3 of 14 �� ��