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existing under the laws of South Dakota,
<br />and has an address of 100 N. Phillips Avenue, Sioux Falls, SD 57104.
<br />Borrower owes Lender the principal sum of FIFTY FOUR THOUSAND THREE AND NO /100* * * * * *
<br />********** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** *Dollars (U.S. $54,003.00 ).
<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 />March 1, 2045. The beneficiary of this Security Instrument is MERS (solely as
<br />nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For
<br />this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the
<br />following described property located in Hall County, Nebraska:
<br />Lots Three (3) and Four (4) in Wetzel's Subdivision, now City of Grand Island, Hall County,
<br />Nebraska
<br />APN #: 400119463 & 400119455
<br />which has the address of 317 N Wetzel Street, Grand Island,
<br />Nebraska 68801 ( "Property Address ");
<br />[Zip Code]
<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
<br />also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument
<br />as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests
<br />granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS
<br />(as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of
<br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any
<br />action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and
<br />has 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 by Jurisdiction 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, together with 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 4.
<br />In any year in which the Lender must pay a mortgage insurance premium to the Secrets y of Housing
<br />FHA Nebraska Deed of Trust - 4/96
<br />Ellie Mae, Inc. Page 2 of 7
<br />201500850
<br />LOAN #: 1111078546
<br />[Street, City],
<br />Initials:
<br />NEEFHADE 0914
<br />NEEFHADE
<br />02/03/2015 09:04 AM PST
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