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20�203�99
<br />1111063283
<br />A PART OF THE BLOCR TWO (2) OF ROEHLER SIIBDIVI3ION, LOCATED IIPON A
<br />PART OF THE SOIITIiBA3T QUART$R OF THE SOIITHWEST QIIARTER (SE 1/4 SW 1/4) OF
<br />SECTION 15, IN TOWN3HIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M., AND A
<br />PART OF LOT FOIIRTEEN (14) OF THS COIINTY SIIBDIVISION OF THE WE3T HALF OF
<br />THE SOIITHWEST QIIARTER (W 1/2 SW 1/4) OF SECTION 15, IN TOWNSHIP 11 NORTH,
<br />RANGE 9 WEST OF THE 6TH P.M., MORE PARTICIILARLY DESCRIBED A3 FOLLOWS, TO-
<br />WIT: CONIlKENCINC3 AT A POINT ON THE NORTH BOIINDARY LINE OF SAID BLOCR TWO
<br />(2), NINETY FIVE (95) F}'sET WEST OF THl3 NORTHLAST CORNER OF SAID BLOCR,
<br />RUNNINC3 TH8NC8 30IITH PARALL]3L WITH THE WE3T BOIINDARY LINE OF SAID BLOCR
<br />FOR A DISTANCE OF ONL HIINDRBD THIRTY FIVE (135) FEET TO A POINT OAT THE
<br />NORTHLRLY BOIINDARY LINE OF THE BLLT LINE OF THE CfiICAGO, BURLINGTON AND
<br />QIIINCY RAILROAD COMPANY, RIINNING THENCl3 IN A SOIITHWESTERLY DIRECTION,
<br />ALONC�1 AND IIPON 3AID NORTHBRLY BOIINDARY LINE OF SAID BELT LINE FOR A
<br />DI3TANCB OF 54.9 FEET, RIINNING THENCE NORTH PARALLEL WITH THS WEST
<br />BOUNDARY LINL OF SAID BLOCR FOR A DISTANCE OF ONE HIINDRBD 3EVENTY FIVE
<br />(175) FEET TO THE NORTH BOIINDARY LINE OF SAID BLOCR FOR A DISTANCE OF
<br />56.6 F}3LT TO THE PLACE OF BLC3INNING, HALL COIINTY, NEBRA3RA.
<br />which has the address of 521 E ASHTON AVE, aRAND ISLAND, 1V$ 68801 ("Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil, and gas rights and profits, water rights and
<br />stock and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property." Bonower understands and agrees that MERS holds only legal title to the interests granted by
<br />Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS (as nominee for
<br />Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including,
<br />but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender
<br />including, but not limited to, releasing or canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and
<br />has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Bonower wanants and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of,
<br />and interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payments of Taxes, Insurance and Other Charges. Borrower shall include in each
<br />monthly payment, together with the principal and interest as set forth in the Note and any late charges, an
<br />installment of any (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold
<br />payments or ground rents on the Property, and (c) premiums for insurance required by paragraph 4.
<br />Each monthly installment for items (a), (b), and (c) shall equal one-twelfth of the annual amounts, as
<br />reasonably estimated by Lender, plus an amount sufficient to maintain an additional balance of not more than
<br />one-sixth of the estimated amounts. The full annual amount for each item shall be accumulated by Lender
<br />within a period ending one month before an item would become delinquent. Lender shall hold the amounts
<br />collected in trust to pay items (a), (b), and (c) before they become delinquent.
<br />If at any time the total of the payments held by Lender for items (a), (b), and (c), together with the
<br />future monthly payments for such items payable to Lender prior to the due dates of such items, exceeds by
<br />more than one-sixth the estimated amount of payments reyuired to pay such items when due, and if payments
<br />on the Note are current, then Lender shall either refund the excess over one-sixth of the estimated payments
<br />or credit the excess over one-sixth of the estimated payments to subsequent payments by Borrower, at the
<br />option of Borrower. If the total of the payments made by Borrower for item (a), (b), or (c) is insufficient to
<br />F'HA Nebraska Deed of Trust - 06/ 11
<br />� 391.I1 Page 2 of 9
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