201207552 - Laserfiche WebLink

Browse

��.�$,d��^ ��.8w V2 WBCD LOAN # 503633460 existing under the laws of u�ix�n 3TATES oF AMERICA, and hasan addressof 5151 CORPORATE nR, TROY� Mi 48098-2639. Borrower owes Lender the principal sum of ***oNE HUNDRED xwELVE THOUSAND oa� HtJNDRED FIFTY NINE AND NO/100************************ Dollars (U.S. $112,159.00 �. This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on SEPTEMBER i, 2042. The beneficiary of this Security Instrument is MERS (solely as nomineefor Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications ofthe Note; (b} the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with powerof sale, the following described property located in t�wL County, Nebraska: LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF APN #s 400088878 WhICh has th@ addC@SS Of 1614 N TAYLOR AVE, GRAMD ISLAND, Nebraska 68803 ("Property Address"); [Zip Code] (Street, City], TOGEfHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part ofthe property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrovver understands and agrees that MERS holds only legal title to the interests granted by �rrower in this Security Instrument, but, 'rf 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 all 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 and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower vvarrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines un'rform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a un"rform security instrument covering real properry. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 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 charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 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 FHA Nebraska Deed of Trust- 4/96 Initials s /�`T Online Documents Inc. Page 2 Of 7 NEEFHADE 1108 08-27-2012 9a11