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20190807;
<br />successors and assigns) and the successors and assigns of MERS. This Security Instrument secures
<br />to Lender: (a) the repayment of the debt evidenced by the Note, with interest at a rate subject to
<br />adjustment (interest), and all renewals, extensions and modifications of the Note, up to a maximum
<br />principal amount of Two Hundred Seven Thousand Dollars and Zero Cents (U.S. $207,000.00); (b)
<br />the payment of all other sums, with interest, advanced under paragraph 5 to protect the security of this
<br />Security Instrument or otherwise due under the terms of this Security Instrument; and (c) the
<br />performance of Borrower's covenants and agreements under this Security Instrument, the Note and Loan
<br />Agreement. The full debt, including amounts described in (a), (b), and (c) above, if not due earlier, is
<br />due and payable on August 2, 2082. For this purpose, Borrower and Trustor irrevocably grant and
<br />convey to Trustee, in trust, with power of sale, the following described property located in HALL
<br />County, NEBRASKA:
<br />See legal description as Exhibit A attached hereto and made a part hereof for all intents and
<br />purposes
<br />which has the address of
<br />1315 East 6th Street, Grand Island, Nebraska 68801, ("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 AND TRUSTOR COVENANTS that each is lawfully seised of the estate hereby
<br />conveyed and has the right to grant and convey the Property and that the Property is unencumbered.
<br />Borrower and Trustor warrant and will defend generally the title to the Property against all claims and
<br />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
<br />real property.
<br />UNIFORM COVENANTS. Borrower, Trustor and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall pay when due the principal of $207,000.00, and
<br />interest on the debt evidenced by the Note.
<br />2. Payment of Property Charges. Borrower shall pay all property charges consisting of property taxes,
<br />hazard insurance premiums, flood insurance premiums, ground rents, condominium fees, planned unit
<br />development fees, homeowner's association fees, and any other special assessments that may be required
<br />by local or state law in a timely manner, and shall provide evidence of payment to Lender, unless Lender
<br />pays property charges as provided for and in accordance with the Loan Agreement.
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<br />HECM First Deed Of Trust -2017
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