201000801 - Laserfiche WebLink

Browse

2oiooosoi THE FOLLOWING-DESCRIBED REAL ESTATE (AS DEFINED IN NEB. REV. STAT. 76-201) SITUATED IN HALL COUNTY, NEBRASKA: LOT EIGHTEEN (18), SADDLE CLUB SUBDIVISION, HALL COUNTY, NEBRASKA SUBJECT TO BASEMENTS AND RESTRICTIONS OF RECORD. BEING THE SAME PREMISES ~ CONVEYED IN DEED FROM JUDY E. BOYD, SUCCESSOR TRUSTEE OF THE DALE L. METTENBRINK AND JOSIE A METTENBRINK TRUST RECORDED 11/19/200$ IN DOCUMENT NUMBER 200809567 IN SAID COUNTY AND STATE. which has the address of GRAND ISLAND [~~~'] 3622 ARABIAN CIRCLE (sa~eetl Nebraska 68801 ("Property Address"); [zip coal 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 also be covered by this Security Instrument. All of the foregoing is referred to ira this Security Instrument as the "Property." Borrower understands and agrees that ME1tS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custoxxa, MERS (as nominee far Lender and Lender's successors and assigns) has the right: to exercise any ox all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited ta, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to giant and convey the Property and that the Property is unencumbered, except for encumbrances of retard. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THOS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with liuaited variations by jurisdiction to constitute a uniform security instnunent covering real property. UNIFORM COVENANTS. Harrower and Lender covenant and agree as follows: 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 payrrAeuts 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 either: (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 if this Security Instrument is held by floe Secretary, in a reasonable amount to be determined by the Secretary. Except for the raaonthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in au aggregate amount not to 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. § 2601 et seq. amd implementing regulations, 24 CFR Part 3500, as they maybe amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. If the amounts held by Lender far Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall account to Borrower far the excess funds as required by RESPA. If the amounts of funds held by Lender at any time axe not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the shortage as permitted by RESPA. The Escrow Funds are pledged as additional security far all sums secured by this Security Instrument. If Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining far all installment NEBRASKA FHA. DIED OF TR[JST NHBRA9KA•M@RS ITEM 2898L2 ((1015D9 WEWNER,J0000 13313 6196 OreatDocs• (Page 2 ar 8) 0000413313