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20120�4�G
<br />and agreements. For tlzis purposa, Borrower irzevocably grants aud eonveys ta Trustee, in trust, with pow'e�' of se1e,
<br />flie following described property locaxsd in HALL Cownty, Nebzaska:
<br />��T�rsa � i i� �`� ..' .rYSm-r.�'n7 T TTA("��i T� ����.�.� • iesar�.a tb rr i J. a.w �u �.
<br />A.P.N.:
<br />Lot Ten (10), Block Four (4), Valley View Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska
<br />which has the address of
<br />GRAND TSLAND
<br />C�]
<br />924 s
<br />, Nabraska
<br />CHERRY ST
<br />[Stxea�]
<br />6B801-8133
<br />[Zip Code]
<br />("Property Address"):
<br />TOGBTHER WlTH �11 the improv�nents now or hezea�er ereoted on th� pzoporty, �nd all easements,
<br />appurtenances, a�zd �xtures now or hereaftar a part of the praperty. All re�lacemarts and addit�ons shaU also be
<br />r,ovezed by this �ecu�ri.�.ty Insirumen�. Al1 of the forago�n$ is referr�d. to in'this S�uri�y Instru,ment as the "Properiy."
<br />�orrower understands as►d agreas t�at MERS holds onlq legal tttle to the interests granted by Bozrow�r ai this Security
<br />Instrument; but, if necessa.ry ta eomply with �aw crr cusi:om, RqERS (as no�arunee for Lendar and Za�.der's successors
<br />and assigns) has the right: tn exer�ise any or a11 of those interests, iuclud'mg, but not limited r�, the right to foreclase
<br />and sell t}�e Property; aud to take eny action requised of Len�er inEluding, but not l�suted to, xeleas'rag or canceling
<br />thi� Security Insiruxn:ank
<br />BORROWER COVENANTS that Borrower is lawfvlly seised of �'ie estate hereby conveyed and bae the right to
<br />�cant and canvey the Property and that the Property is unencnmbered, exeegt for ancumbrances of recorcl. Bonower
<br />wartants and will defend genorally tha title t� the Proparty against a11 �laims aad demande, subjecC to any
<br />encumbranaes o£ zecord
<br />THIS SEGiTRI',['Y �TSTRUA�N'T combittes unifornY covenan�s for national use aud non-uniform coven�.ats with
<br />liwited �ariations hy ju�isdiCtion to consfitute a Ymiform .seeurity instrument oovering real property.
<br />U�IIFORM CO�/ENAN?�. &�ztowe:r an.d Lemder eovenant a�nd agree as follows:
<br />1, kayment df Principal, Interest a'nd L�te Cliarge. Borrower shall pay wb.en due the principal of, a.nd
<br />interest on, tlie debt evidehced b�y the Note and late chatges due ufider the 1*Tote.
<br />2. Monthly Payment of Ta�es, �iaswra,nce, and Other C}�a�rges. Borrower shall includa in eacb monthly
<br />paymen� together w![th the principsl and 'mter�t as set fortU in the N ote �uad any late char$es, a sum for (a) i�ces and
<br />special assessm.ents levietl or to be levied agair�st the Property, (b) leasehold payments or ground rents on tha
<br />Property, and (c) premiums for insu�auce xequired under �aragraph 4. In any year in wl�ich the Lender must pay a
<br />mortgaga insuranoe pramium to tt►e Secre�tary of I�pusing and iJ'r'ban Development ("��ccretary"), or in any year in
<br />which sueh premium would have beeu reqai�ed if Le�nder still held the Secwrity Instrument, e�ch mont�l� PaYu►ent
<br />sh�il also inclufle eit'b.er: (i) a sum �or the annual mortgage insura,nr� g�remium to be pazd b�+ I.�tdsr �o fhe Sccse'Car�,
<br />or (ii} a mouthly charge inst�a.d of a mortga.ge ins�arauce premium i�this Security Tnstiwn�n't is held by the Seczetazy,
<br />in a reasonable amo�mt to be detarmined by the S�cxetary. ]?xcept for f,he montialy chacge by the Secretarq, these items
<br />are callad "Escrow Items" and the sums paid to Lendaz ar� �alled "Escrow Funds."
<br />Lender may, at any tbme, collect aad hold amotmts for Rscrow Xi�ans in an aggregate amaunx not to excead tlae
<br />r.na�imum am.ount that nna.y be required for Borrower' a esczow account.under tha Real Estat,� S�'ttTemen.t Prpcedures
<br />Act of 19'74, 12 �'. S. C. §2601 at s, and implcmentung re�u,la�.ons, 24 C�'R FarB 3500, as they may be �tnended
<br />FHA NEBRASIW DEED OP lR4JST - N1ERS
<br />NIDOTG.FHA 07/03/12 Page 2 of 9
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