|
2005092'71
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of
<br />HALL , State of Nebraska:
<br />LOT TWENTY SIX (26), AND THE NORTH SIXTEEN (16) FEET OF LOT TWENTY FIVE (25), IN
<br />REUTING'S SECOND SUBDIVISON, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Parcel ID Number: 400161117
<br />which has the address of 1710 VIRGINIA DRIVE [street]
<br />GRAND ISLAND [City], Nebraska 68803 [ZIP Code] (herein "Property Address ");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights,
<br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply
<br />such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and
<br />all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are
<br />hereinafter referred to as the "Property ". Borrower understands and agrees that MERS holds only legal title to the
<br />interests granted by Borrower in this Deed of Trust; but, if necessary to comply with law or custom, MERS, (as
<br />nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender
<br />including, but not limited to, releasing or canceling this Deed of Trust.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated September
<br />13, 2005 and extensions and renewals thereof (herein "Note "), in the principal sum of
<br />U.S. $ 31, 300.00 with interest thereon, providing for monthly installments of principal and interest,
<br />with the balance of the indebtedness, if not sooner paid, due and payable on October 1, 2020 ;
<br />the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />Deed of Trust; and the performance of the covenants and agreements of Borrower herein contained.
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower covenants
<br />that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />encumbrances of record.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal and interest
<br />indebtedness evidenced by the Note and late charges as provided in the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or a written waiver by Lender, Borrower shall
<br />pay to Lender on the day monthly payments of principal and interest are payable under the Note, until the Note is
<br />paid in full, a sum (herein "Funds ") equal to one - twelfth of the yearly taxes and assessments (including
<br />condominium and planned unit development assessments, if any) which may attain priority over this Deed of Trust,
<br />and ground rents on the Property, if any, plus one - twelfth of yearly premium installments for hazard insurance, plus
<br />one - twelfth of yearly premium installments for mortgage insurance, if any, all as reasonably estimated initially and
<br />from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall
<br />not be obligated to make such payments of Funds to Lender to the extent that Borrower makes such payments to the
<br />holder of a prior mortgage or deed of trust if such holder is an institutional lender.
<br />795113
<br />Initials:
<br />W- 76N(NE) (0407) Paget of 7 Form 3828
<br />
|