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which has the address of
<br />Grand Island
<br />[City]
<br />NEDOTZ.FHA 07/03/12 Page 2 of 9
<br />517 S Locust St
<br />[Street]
<br />, Nebraska 6 8 8 01
<br />[Zip Code]
<br />201407592
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale,
<br />the following described property located in Hall County, Nebraska:
<br />. �4:a:• .::►'Vw'•• VI: 0:w:0:,,.► O:C•:0144 11:4 :44:1YC :►: ; VIV0.I:0.4 30. 1 +41, 4.4;_4:_0;
<br />A.P.N.: 400057905
<br />The Southerly Thirty —Five (S 35) feet of the Northerly Seventy ,L701, feet of Lots
<br />Five (5) and Six (6), Block Three (3), Lakeview Addition in. the'f'Grand Island, Hall
<br />County, Nebraska, according to the recorded plat thereof, except that portion of
<br />Lot Five (5) conveyed to the City of Grand Island in Deed recorded May 4, 1971 in
<br />Book 164, Page 139.
<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 "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling
<br />this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised 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. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />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 (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ( "Secretary "), or in any year in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items
<br />are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
<br />maximum amount that may be required for Borrower' s escrow account under the Real Estate Settlement Procedures
<br />Act of 1974, 12 U. S. C. §2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended
<br />FHA NEBRASKA DEED OF TRUST - MERS DocMag/c eatOWDS
<br />w ww. docmagic. com
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