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<br />200700831
<br />
<br />which has the address of 1716 NORTH TAYLOR AVENUE
<br />[Street 1
<br />68803-2634
<br />
<br />GRAND ISLAND
<br />[City]
<br />
<br />, Nebraska
<br />
<br />(herein "Property Address ") ;
<br />
<br />[Zip Codel
<br />
<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 such
<br />rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of
<br />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 cancelling this Deed of Trust.
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated
<br />JANUARY 26, 2007 and extensions and renewals thereof (herein "Note"), in the principal sum of
<br />U.S. $ 35, 000 . 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 FEBRUARY 1, 2022
<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
<br />grant and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to encumbrances of record.
<br />
<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 paid
<br />in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments (including condominium and
<br />planned unit development assessments, if any) which may attain priority over this Deed of Trust and ground rents on
<br />the Property, if any, plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly
<br />premium installments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof. Borrower shall not be obligated to make
<br />such payments of Funds to Lender to the extent that Borrower makes such payments to the holder of a prior mortgage
<br />or deed of trust if such holder is an institutional lender.
<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall
<br />apply the Funds to pay said taxes, assessments, insurance premium." and ground rents. Lender may not charge for
<br />so holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills,
<br />unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge.
<br />Borrower and Lender may agree in writing at the time of execution of this Deed of Trust tllat interest on the Funds
<br />shall be paid to Borrower, and unless such agreement is made or applicable law requires such interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower,
<br />without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which
<br />each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed
<br />of Trust.
<br />
<br />NEBRASKA - SECOND MORTGAGE - 1/80
<br />3828 . AS AMENDED FOR MERS
<br />
<br />Page 2 of 8
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