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202208198
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Last modified
11/23/2022 3:34:34 PM
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11/23/2022 3:34:33 PM
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DEEDS
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202208198
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202208198 <br />adjustment (interest), and all renewals, extensions and modifications of the Note; (b) the payment of all <br />other sums, with interest, advanced under Paragraph 5 to protect the security of this Security Instrument <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, the Note and Loan Agreement. The full debt, <br />including amounts described in (a), (b), and (c) above, if not due earlier, is due and payable on March <br />27, 2093. For this purpose, Borrower and Trustor irrevocably mortgages, grants, assigns, bargains, sells <br />and conveys to Trustee, its successors and assigns, in trust, with POWER OF SALE and right of entry <br />possession, the following described property located in HALL 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 />4340 ASTER DRIVE, 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 AND TRUSTOR COVENANT that each is lawfully seized of the estate hereby conveyed <br />and has the right to grant and convey the Property and that the Property is unencumbered. Borrower and <br />Trustor warrant and will defend generally the title to the Property against all claims and demands, <br />subject to any encumbrances of record. <br />BORROWER AND TRUSTOR COVENANT that any spouse of Borrower entitled to the homestead <br />exemption under Nebraska law are signatories of this Security Instrument. <br />BORROWER AND TRUSTOR COVENANT that if the property is covered by the Nebraska Farm <br />Homestead Protection Act, Buyer and Trustor warrant that any spouse having claim to rights thereunder <br />has executed an acknowledgement and waiver of such rights recroded herewith. <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 $435,000.00, 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 />Page 2 of 16 <br />HECM First Deed Of Trust -2017 <br />
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