Laserfiche WebLink
<br />200604338 <br /> <br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which <br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on <br />JUNE 1,2036 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the <br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with <br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of <br />BOlTower's covenants and agreements under this Security Instrument and the Note. For this purpose, BOlTower <br />inevocably grants and conv~s to the Trustee, in trust, with power of sale, the following described property located <br />in HALL h"IM.. t1 0\'\0.1 e, , oct-< l 0 , County, Nebraska: <br />THE SOUTHERLY 36 1/2 FEET OF THAT CERTAI~FULL LOT MEASURING <br />66' X 132' FORMED BY FRACTIONAL LOT FOUR7KOENIG AND WIEBE'S <br />ADDITION AND ITS COMPLEMENT, FRACTIONAL LOT FOUR (4) <br />IN FRACTIONAL BLOCK ONE HUNDRED ONE (101) IN RAILROAD ADDITION, <br />BOTH ADDITIONS BEING TO THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA. <br /> <br />THIS IS A PURCHASE MONEY DEED OF TRUST. <br /> <br />Parcel 10 Number: 400080893 <br />which has the address of 211 S CLEBURN ST [StreetJ <br />GRAND ISLAND [City], Nebraska 68801 [Zip C(lde] ("Property Address"); <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances and fixtures now or hereafter a pmi of the property. All replacements and additions shall also be covered <br />by this Security Instrument. All of the foregoing is refelTed to in this Security Instrument as the "Property." Bonower <br />understands and agrees that MBRS holds only legal title to the interests granted by Borrower in this Security Instrument; <br />but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), <br />has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the <br />Propelty; and to take any action required of Lender including, but not limited to, releasing or canceling this Security <br />Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to <br />grant and convey the Propelty and that the Property is unencumbered, except [or encumbrances of record. BOlTower <br />WalTants and will defend generally the title to the Propelty against all claims and demands, subject to any encumbrances <br />of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonn covenants with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property. <br />Bonower and Lender covenant and agree as follows: <br /> <br />UNIFORM COVENANTS. <br />1. Payment of PrinciPllI, Interest and Late Charge. Bonower shall pay when due the principal of~ and interest <br />on, the debt evidenced by the Note and late charges due under the Note. <br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, <br />together with the principal and interest as set fOlih in the Note and any late charges, a sum for (a) taxes and special <br />assessments levied or to be levied against the Propmty, (b) leasehold payments or ground rents on the Propmty, and (c) <br />premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance <br />premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium <br />would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) <br />a sum for the annual mOligage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead <br />of a mOligage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be <br />detell11ined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and <br />the sums paid to Lender are called "Escrow Funds." <br /> <br />.-4N(NE) (0407) <br />@ <br /> <br />Page 2 of 8 <br /> <br />'nitia's:TN .1: {'J <br />, <br />