201204754 - Laserfiche WebLink

Browse

201 204754 SEE LEGAL DESCRIPTION ATTACE�D HEREI`0 Al�ID N�DE A PART I�[2EUF AS EXEIlBTT ��p,° . A.P.N.: 400164329 which has the address of GRAND ISLAND I��tY] 4126 MASON AVENUE [street] , Nebraska 6 8 8 0 3 ("Property Address" ): [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and a11 easements, appurtenances, and fi�ctures 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 referred to in this Secwity Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower 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 or a11 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 or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to gant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited vaziations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late chazges due under the Note. 2. Monthly Payment of Tazes, Insurance, and Other Charges. Bonower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late chazges, a sum for (a) talces and special assessments levied or to be levied aga,inst the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance reyuired under pazagraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development (" Secretary" ), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items aze called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower' s escrow account under the Rea1 Estate Settlement Procedwes Act of 1974, 12 U.S.C. §2601 et sea. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Bonower's payments aze available in the account may not be based on amounts due for the mortgage insurance premium. FHA NEBRASKA D� OF TRUST - MERS �q�}�/� � NmOTZ.FHA 03/21/12 Page 2 of 9 www.doanagic.cam