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2�D12��596 �
<br />LOAF $� 8Q112096053
<br />e�asting under the laws of xnaen.s,
<br />and has an address of sA00 wEST i0oxx sT, suimE 500, ovExr�►aa rAxx, x8 66210.
<br />Borrower owes Lender the principal sum of *ai�rs or� THOUSAHD TBREE HUADRED FIFTEEt7
<br />AHD HO/100*+********************************* DOIIafS{U.S. $91,315.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"),
<br />which provides for monthly payments, with the iull debt, 'rf not paid earlier, due snd payable on
<br />.rui.Y 1, 2042. The beneficiary of this Security Instrument is MERS (solely as
<br />nomineefor Lenderand Lender's successors and assigns) and �e successors and assigns of MERS. This
<br />Security Instrument secures to Lender: {a) the repayment of the debt evidenced by the Note, with interest,
<br />and all renewals, extensions and modificadons ofthe Note; (b) the payment of all othersums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenanis and agreements under this Security Instrvment and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to theTrustee, in trust, with powerof sale, thefollowing described
<br />property Ixated in aaii County, Nebraska:
<br />LEGAL DESCRIPTIOH ��7��H�{��lG
<br />The Northerly Seventy-Two feet (N72') of Lot One (1), Block Two
<br />(2), Wiebe's Addition to the City of G�and Island, Hall County,
<br />Nebraska.
<br />which has the address of 404 S Eddy street, Graad tsland,
<br />Nebraska 68801 (°Property Address");
<br />[Zip CodeJ
<br />[Street, city�,
<br />TOGEfFIER WITH ell the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also
<br />be covered by this Security Instrument AII of the foregoing is refened to in this Security Instrument as the
<br />"Property.° Borrower understands and agrees that MERS holds only legal tiUe to the interests granted by
<br />Borrower in this Security Instrument, but, if necessary to comply wiih law or custom, MERS (as nominee
<br />for L.ender and Lender's successors and assigns) has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
<br />Lender including, but not limited to, releasing and cenceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is law(ully seized ofthe estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrowerwarrants and will defend generally the title to �e Property against
<br />all claims and demands, subject to any encumbrances of record.
<br />THIS SEGURITY INSTRUMENT combines un'rform covenants for national use and non-unfform
<br />covenants with limited variations byjurisdiction to constitute a un'rform security instrument covering real
<br />property.
<br />BoROwer and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of PMncipal, lnterest and Late Charge. Borrower shall pay when due the principal
<br />of, and interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxea, Inaurance end Other Cherges. Borrower shall include in esch
<br />monthly payment, togetherwith the principal and interest as setfor[h in the Note and any late charges,
<br />a sum for (a} taxes and special assessments levied or to be levied against the Property, (b} lessehold
<br />payments or ground rents on the Property, and (c) premiums for insurance required under paragraph
<br />4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing
<br />and Urban Development ("Secretary"), or in any year in which such premium would have been required
<br />FHA Nebreeka Deed of Truot-4/88 Initials s "�
<br />Online Documerrta, Inc. Pege 2 Of 7
<br />NEEFHADE 1108
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