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201304153
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201304153
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Last modified
8/19/2014 2:23:08 PM
Creation date
5/24/2013 3:05:28 PM
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DEEDS
Inst Number
201304153
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which currently has the address of 202 SUEZ STREET <br />CAIRO <br />[City] <br />NEBRASKA SECOND MORTGAGE DEED OF TRUST <br />201304153 <br />[Street] <br />, Nebraska 68824 ( "Property Address "): <br />[Zip Code] <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />rights, appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect <br />and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this <br />Deed of Trust; and all of the foregoing, together with said property (or the leasehold estate if this Deed of <br />Trust is on a leasehold) are hereinafter referred to as the "Property." <br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated <br />April 2, 2013 and extensions and renewals thereof (herein "Note "), in the principal sum of U.S. <br />$ 25, 0 0 0.0 0 , with interest thereon, providing for monthly installments of principal and interest, with the <br />balance of the indebtedness, if not sooner paid, due and payable on Apri 1 8, 2033 ; the payment <br />of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed <br />of Trust; and the performance of the covenants and agreements of Borrower herein contained. <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the <br />right to grant and convey the Property, and that the Property is unencumbered, except for encumbrances of <br />record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against <br />all claims and demands, subject to encumbrances of record. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and <br />interest indebtedness evidenced by the Note and late charges as provided in the Note. <br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower <br />shall pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the <br />Note is paid in full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including <br />condominium and planned unit development assessments, if any) which may attain priority over this Deed of <br />Trust, and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard <br />insurance, plus one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably <br />estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates <br />thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower <br />makes such payments to the holder of a prior mortgage or deed of trust if such holder is an institutional lender. <br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of <br />which are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). <br />Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender <br />may not charge for so holding and applying the Funds, analyzing said account or verifying and compiling said <br />assessments and bills, unless Lender pays Borrower interest on the Funds and applicable law permits Lender <br />NEBRASKA e R ocs <br />ITEM 4641L2 (072711) (Page 2 of 9) <br />1000805400 <br />
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