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201400795
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201400795
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Last modified
2/11/2014 4:36:07 PM
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2/11/2014 4:36:07 PM
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DEEDS
Inst Number
201400795
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201400795 <br />is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on March 01, 2044 . This <br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced <br />under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower' s <br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably <br />grants and conveys to the Trustee, in trust, with power of sale, the following described property located in <br />Hall County, Nebraska: <br />Lot One Hundred Thirty -Four (134) Larue Subdivision, in the City of Grand <br />Island, Hall County, Nebraska <br />Parcel ID Number: 400433 621 <br />which has the address of 1104 SAGEWOOD AVE [Street] <br />Grand Island [City], Nebraska 68803 [Zip Code] <br />( "Property Address "); <br />TOGETHER 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 be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"Property." <br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to <br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. <br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to <br />any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property. <br />Uniform Covenants. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and <br />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 monthly <br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for <br />(a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or <br />ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in <br />which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban <br />Development ( "Secretary "), or in any year in which such premium would have been required if Lender still <br />held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual <br />2200434977 D V4RNE <br />FHA Deed of Trust -NE 4198 <br />VMP (1 VMP4RINE) (1302) <br />Wolters Kluwer Financial Services Page 2 of 10 <br />
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