200205721 - Laserfiche WebLink

Browse

200205721 of Borrower's covenants and agreements under this Security Instrument mid the Note. For this purpose, Borrower irrevocably grants and conveys to the 'Trustee, in trust, with power of ule, die following described property located in Hall County, Nebraska: LOT STXTEEN (16), BLOCK SIX (6), IN COLLEGE ADDITION TO WEST LAWN, AN ADDITION TO TIIE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address of 2407 N TAYLOR, Grand Island SVeet Cool, Nebraska 699ol Xi, Cock] ( "Property Address "): TOCE'I'I ER Wait all the inrpre vemeuts 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 also be covered by this Security Instrument. All of the foregoing is referred m in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant mid convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tide to the Property against all claims and demands, subject to any encumbrances ofrecord. THIS SECURITY INSTRUMENT combine. uniform covenants for national use and non - uniform covenants with limited variations by jursdictinn to constitute a uniform security instrument covering real property. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Bonower 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 faxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Now and any laic charges, a sum for (a) taxes and special assessments levied or to be levied against the property, do loa.chold payments or ground rents on die 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 mid Urban Development ( "Secretary "), or in any year in which such premium would have hum required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a .sum for the manual mortgage insurance premium w be paid by Lender to the Secretary, or (id a monthly charge instead of a mortgage insurance premium if 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 die suers paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not in exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 or seg. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ( "RESPA "), except that the cushion or reserve permitted by RESPA for unanticipmed disbursements or disbursements before the Borrower's payments are available m the account may not be based on amounts duo for the mortgage insurance premium. nor #:12550 ^. AeeL n: oar sla 9r93 LaAN Y:oo r6la Yl YJ (M.4R(NE) rseln) l, eav" z of a mn:ais-