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201207225
<br /> payable on September 1,2042.This SecuriTy[nshument secums to Lender.(a)the repaymrnt ofthe debt evidenced by
<br /> the Note,with interesy and all renewals,erztensions and modifications of[he Note;@)the payment of alI other sums,
<br /> with interes[,advanced under paragmph 7 to protect the secwity ofthis Security Instrument;and(c)the performance of
<br /> Borrower's covenants and agreements under this SewriTy InsWment and the Note. for fhis purpose, Borrower
<br /> itrevocably gants and wnveys to the Trustee,in trus[,wdh power of sale,the following described property located in
<br /> FIAI.L CounTy,Nebraska:
<br /> LOT 33, R & B SUBDIYISION, C1TY OF GRAND ISLAND, HALL CbUNTX, NEBRASKA,
<br /> ACCORDING TO THE RECORDED PLAT THEREOF.
<br /> Parcel ID Number:400160161
<br /> which has the address ot` 1726 ALLEN CT
<br /> GRAND ISLAND�NEBRASKA 68803,("Property Address");
<br /> 7L7GE'CI-IER WY1H ail the improvements now or hereafter erecteA on the property, and atl easemenu,
<br /> appurtenanws and fiMures now or hereafter a part of the properry.Atl replacements and additions shall also be covered
<br /> by this SecuriTy Inswment,AII of the foregoing is refened to in this Securiry Inshument as the"Propeny."Bortower
<br /> understands and agrees that INERS holds only legal title to the iMerests grnnted by Borrower in this Security
<br /> Instrument;but,if necessary to comply with law or custom,ME.RS,(u nominee for Lender and Lender's suwessors
<br /> and assigns),has the right:N exeroise ariy or ail of ihose interests,including,but not limited to,the right to foreclose
<br /> and sell the Property;and to take any action required of Lendeq i�cluding,but�ot limited tq releasing or canceting this
<br /> Security lnstrumrnt
<br /> BORROWER COVENANTS that Borrower is lawfutly seized ofthe estate hereby wmeyed a�d hu the right to
<br /> grant and convey the Property and thaz the Property is unencambered,except frr encumbrances of record.Bortower
<br /> warrants and will defend generally the tiUe to the Propert��against aIl daims and demands,su6ject to any encumbrances
<br /> ofrecord.
<br /> THIS SECl7RITY INSTRL'R�.NT combines unifortn cove�ants for natio�al use and non-unifottn covenants with
<br /> limited varlations byjurisdiction m consYimte a mifbrsu securiry insbvmeut wvering real property.
<br /> UN[FORM COVENAIVTS.Borzower and Lender covenant and agree as follows;
<br /> 1.Payment of Principal,Interest and Iste Charga Bortower sha(1 pay when due the principal of,and interest
<br /> oq the debt evidenced by the Note and lare charges due undet the Note. �
<br /> 2.Mvnthly Payment of Taxes,Insurauce and Other Charges.Bmrower shall include in each monthly payment,
<br /> together with the principal and interest u ut forth in fhe Note and any late chazges,a swn fir(a)tazes and speciai
<br /> assessmenk levied or to 6e levied against the Rroperty,(b)leasehold payments or gound rents on the Property,and(c)
<br /> premiums for insurance required under paragraph 4.In any year in which the Lender must pay a mortgage insurance
<br /> premium W the Secretary of Housing and Urban Developmert("Secretary"),or in any year in which such premium
<br /> would have been required if Lender stili held the Security Inshvmenf,each monthty payment shzll also include either:
<br /> (i)a sum for the annual moetgage insumnce premium to be paid by Lender m the Secretary,or(ii)a momhly charge
<br /> instead of a mortgage insurarice premium if lltis Security Inshvment u held by the Secretary,in a reasonable amount to
<br /> be determined by the Secretary.Except for the monthly chazge by ihe Secretary,these items aze calted"Fscrow Items"
<br /> and the sums paid ro Lender aze called"Escrow Funds."
<br /> Lendet may,at any[ime,collect and hold amounis for Escrow kems in an aggregate amount�o[to eacceed[he
<br /> ma�cimum amowt thaz may be requ'ved for Borrower's escmw accouM under the Real Estate Settlement Procedures
<br /> Act of 1974,72 U.S.C.Section 2601 et seq.and implementing regulaGons,24 CFR Part 3500,as they may be amended
<br /> from time Yo time("RESPA"),except that ihe cushion or reserve permitted by RESPA frr unartticipated dieburseme¢�
<br /> FHA Nebreska Deetl ot TrustwBh MERS-4198 tled]IU4
<br /> Paqe2ofe '^ � �J,�.�
<br /> ios.vc. Borrower(s)Initials �t'r'
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