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201500161
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Last modified
7/20/2017 10:31:11 PM
Creation date
1/12/2015 8:44:30 AM
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DEEDS
Inst Number
201500161
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201500161 <br /> or otherwise due under the terms of this Security Instrument; and(c)the performance of Borrower's <br /> covenants and agreements under this Security Instrument and the Note. The full debt, including amounts <br /> described in(a), (b),and(c)above,if not due earlier, is due and payable on Apri118,2097. For this <br /> purpose,Borrower irrevocably grants and conveys to Trustee, in trust,with power of sale,the following <br /> described property located in HALL County,NEBRASKA: <br /> See legal description as Eghibit A attached hereto and made a part hereof for all intents and <br /> purposes <br /> which has the address of <br /> 2403 W ANNA STREET, GRAND ISLAND,Nebraska 68803,("Property Address") <br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br /> rights,appurtenances, and fixtures now or hereafter a part of the property.All replacements and <br /> additions shall also be covered by this Security Instrument.All of the foregoing is referred to in this <br /> Security Instrument as the"Property."Borrower understands and agrees that MERS holds only legal title <br /> to the interests granted by Borrower in this Security Instrument,but, if necessary to comply with law or <br /> custom,MERS (as nominee for Lender and Lender's successors and assigns)has the right: to exercise <br /> any or all of those interests,including,but not limited to,the right to foreclose and sell the Property;and <br /> to take any action required of Lender including,but not limited to,releasing and canceling this Security <br /> Instrument. <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.Borrower warrants and <br /> 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 <br /> covenants with limited variations by jurisdiction to constitute a uniform security instrument covering <br /> real property. <br /> IJNIFORM COVENANTS.Borrower and Lender covenant and agree as follows: <br /> 1. Payment of Principal and Interest.Borrower shall pay when due the principal of, and interest on, <br /> the debt evidenced by the Note. <br /> 2.Payment of Property Charges.Borrower shall pay all property charges consisting of taYes,hazard <br /> insurance premiums, flood insurance premiums,ground rents,condominium fees,planned unit <br /> development fees,homeowner's association fees, and any other assessments that may be required by <br /> local or state law in a timely manner,and shall provide evidence of payment to Lender unless Lender <br /> pays property charges by witholding funds from monthly payments due to the Borrower or by charging <br /> such payments to a line of credit as provided for in the Loan Agreement. <br /> 3. Fire,Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, <br /> whether now in existence or subsequently erected,against any hazards,casualties, and contingencies, <br /> including fire.This insurance shall be maintained in the amounts,to the extent and for the periods <br /> required by Lender or the Secretary of Housing and Urban Development("Secretary").Borrower shall <br /> also insure all improvements on the Property, whether now in existence or subsequently erected,against <br /> loss by floods to the extent required by the Secretary.All insurance shall be carried with companies <br /> approved by Lender.The insurance policies and any renewals shall be held by Lender and shall include <br /> Page 2 of 13 HECM First Deed Of Trust-2014 <br />
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