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201209638
<br /> V2 WBCD LOAN # 503712518
<br /> existing under the laws of NEBRASKA,
<br /> and has an address of 1910 S 72Nn sT, 103, ot+taxr,, NE 68124.
<br /> Borrower owes Lenderthe principal sum of ******ONE HUDIDRED SIXTY SEVEN THOUSAND ONE
<br /> HUNDRED EIGHTY EIGHT AND NO/100************** Dollars (U.S. $167,188.00 J.
<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 full debt, if not paid earlier, due and payable on
<br /> DECEMBER 1, 2042. The beneficiary of this Security Instrument is MERS (solely as
<br /> nomineefor Lender and Lender's successors and assigns)and the 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 modifications of the Note;(b)the payment of all other sums,with interest,
<br /> advanced under paragraph 7 to protect the security of this Security Instrument;and (c)the performance
<br /> of Borrower's covenants and agreements under this Security Instrument and the Note.For this purpose,
<br /> Borrower irrevocably grants and conveys to the Trustee,in trust,with powerof sale,the following described
<br /> property located in xaLL County, Nebraska:
<br /> Lot 32, Country Meadows Subdivision, in the City of Grand Island, Hall
<br /> County, Nebraska
<br /> APN #: 400410370
<br /> which has the address of 4145 PRAIRIE RIDGE �, �xn�n ISLAND�
<br /> [Street,City],
<br /> Nebraska 6sso3-3151 ("Property Address");
<br /> (Zip Code]
<br /> TOGEfHER WITH all 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.All of the foregoing is referred to in this Security Instrument as the
<br /> "Property."Borrower understands and agrees that MERS holds only legal title to the interests granted by
<br /> Borrower in this Security Instrument,but,if necessary to comply with law or custom,MERS(as nominee
<br /> for Lender 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 canceling this Security Instrument.
<br /> BORROWER COVENANTS that Borrower is lawfullyseized of the 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.Borrower warrants and will defend generally the title to the Property against
<br /> all claims and demands,subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br /> covenants with limited variations byjurisdiction to constitute a uniform security instrument covering real
<br /> property.
<br /> Borrower and Lender covenant and agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal,Interest 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 Taxes,Insurance and Other Charges.Borrower shall include in each
<br /> monthly payment,togetherwith the principal and interest as set forth 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)leasehold
<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("5ecretary"),or in any year in which such premium would have been required
<br /> FHA Nebraska Deed of Trust-4l96 Initials
<br /> Online Documents,Inc. Page 2 O} 7 NE H 108
<br /> 11-07-2012 11:32
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