201209228 - Laserfiche WebLink

Browse

201209228 and agreements. For this purpose, Borrower irrevocably gran[s and conveys•to Trustee, in vust, with power of sale, the followino described property located in HALL County, Nebraska: ALL THAT TRACT OR PARCEL OF LAND SITUATE IN THE TOWN/CITY OF GRAND ISLAND, COUNTY OF HALL AND STATE OF NEBRASKA, AN➢ MORE PARTICULARLY DESCRIBED AS FOLLOWS : LOT 5, BLOCK 18, CHARLES WASMER' S ADDITION, CITY DF GRAND ISLAND, HALL COUNTY, NEBRASKA. A. P .N. : 400108208 which has the address of 1923 W KOENIG STREET [street] GRAND I SLAND , Ncbraska 6 8 8 0 3 ("Property Address"): (�ity] �Zip CoJe] TOGETHGR WITH all the improvements now or hereafter erected on the properry, and all easemeitts, pppurtenances, and fixtures now ur 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 Security Instrument as[he"Property." Borrower understavds and agrees that ML-RS holds only legal tit4e to the interests granted by Borrower in this Secwiry Instrument; but, if necessary to comply with law or custom, MERS(as nominee for Lender and Lender's successors and assigns)bas the right: to exercise aoy or all of those intcres[s, including, but no[limi[ed to, the rigl�t to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, relcasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estnte hereby conveyed and has the right to grant and convey tUe Property and that the Property is unencumbered, except for encumbrances of rccord. Borrower wanants and will defend ge��erally the [iHe to the Property against all claims and dem�nds, subject to any encumbrances of rccord. TH1S SCCURITY INSTRUM�NT comUinesuniform covenants for national use and non-uniform wvenants with limited variations by jurisdiction Yo constitute a uniform security instrument covering real properry. UNIFORM COVENANTS. Borrower�nd Lender covenant and agree as follows: 1.. Payment of Principal, Interest and Late Charge. Borrower sl�all pay when due thc principnl of, and interest on, the debt evidenced by the Note and late cUarges due under the Notc. 2. blonthly Payment nf' Taxes, lnsurance, and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest ns se4 forth in thc Note and any late charges, a sum for(a)[ases and special assessments ]evied or Yo be levied against the Property, (b) leasehold payments or ground rents on the Property, a��d(c) premiums for insurance required imder parngraph 4. In any year in whicli the Lender must pay a mortgage insurance pre�nium to the Secretary of Housing and Urban Develop�ncnt("Secrettu'y"), or in any yenr ui which sucli premium would have bccn requiced iP Lender still held the Security Instrument, each monthly payment shall also indude either: (i)a sum for thc amwal mm�tgage insurance premium to be paid hy Lender to[he Secretary, or(ii)a mo��thly charge i��stead of a mortgage insurance premium if this Secivity Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for[he mon[hly charge by the Secretary,these items are called "Escrow Items" and the swns paid to Lender are called "Escrow Funds." i.ender may, at any time, collect and hold amounts for Escrow Itcros in an aggregate amoun[not to exceed the maximum amount ihat may be required for Borrower's escrow account uncler the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. §2fi01 et sea. vid implemcnting regidatious, 24 CFR Part 3500, as they may be amended FHA NEBRASKA DFFD OF TRUST • MERS DocMeglc ,C� NEDOTZ.FHA 07/03112 Page 2 of 9 www.docmagic.com I �f�C��f��1