200304918 - Laserfiche WebLink

Browse

n r m m Me m c Z S > n � N M K o N o � O N —C N O a) y � z _ Space Al— TM1Ia Llne for Recnrtling na,al Q FHA Cdca No. State of Nebraska DEED OF TRUST 321- 2266283 THIS DEED OF TRUST ( "Security Instrument ") is made on April 14th __..._ 12003 The trust., is DAWN S. HILKER A Single Person ('Borrower "). _ Ti trustee is FIRST NATIONAL BANK OF OMAHA _ 1620 Dodge Street, Omaha, Nebraska 68102 ("Trustee ^). The beneficiary is KEARNEY STATE BANK AND TRUST COMPANY which is organized and existing under the laws of The State of Nebraska and whose address is 3015 Second Avenue Kearney, NE 68847 ( "Lender°). Borrower owes Lender the principal sum of Seventy Eight Thousand Three Hundred Eiahty and 00/100 Dollars (U.S. s 78 380.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Nate "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on May 1. 2033 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in Hall County; Nebraska: Lot Thirty -one (31) in Block Six (6), Unit Two (2), Continental Gardens, an Addition to the City of Grand Island, Hall County, Nebraska. which has the address of # 31 Chantilly Street Grand Island Iso-e =q Icur), Nebraska 68803 ("Property Address "); Isfaf•I —.__ lax coael TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall be covered by this Security Instrument. All of the foregoing Is referred to in this Security Instrument as the "Property ". BORROWER COVENANTS that Borrower is lawfully seb:edd of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the Mle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- unform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and Interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall 'Include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage Insurance premium to the Secretary of Housing and Urban Development ( "Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include e@hen (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium V this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." F.1.1MO (2/53) Fapa 1 of 5 45315Yo