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<br />CASE #: VE3212742060703
<br />DOC ID #: 00021.92,2168604010
<br />irrevocabi~ grants and conveys to the Trustee, in trust, with power of sale, the following described property located in
<br />HALL County, Nebraska:
<br />1-00566+)8 The following described real estate (as defined in Neb. Rev. Stat.
<br />76-201): Lot Four (4), Jack Voss Ho se Country Club Subdivision, hell County,
<br />Nebraska. Parcel ID #: 400165074
<br />\/~/"~
<br />Parcel ID ~iuuilmr; 400165074
<br />which has the address of 2820 NORTHWEST AVE, GRAND ISLAND
<br />(Street, City]
<br />Nebraska ; a s o 3 -1 o 3 3 ("Property Address");
<br />Zip Code]
<br />TOGF, fHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenanr cs and tixtures now or hereafter a part of the property. All replacements and additions ,hall also be covered
<br />by this Sectuity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument;
<br />but, if necessary to comply with law ur custom, MERS, (as nundnee fur Lender and Lender's successors and assigns), has
<br />the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property;
<br />and to take :ury action required of Lender including, but not limited to, releasing or canceling this Security Instrument.
<br />BORROWER COVENANTS that Burrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and r unvey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
<br />ol'rvcurd.
<br />THIS SFC[JRITX INSTRUMENT corttbines unifurrn covenants for rtatiunal use and non-uniform covenants with
<br />limited vari-,lions by jurisdiction to constitute a uniform security instrument covering real property.
<br />Bon•ower and Lender covenant and agree as follows:
<br />UNiF()KM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge, Borrower shall pay when due the principal of, and interest
<br />un, the debt evidenced by the Nute and late charges due under the Nute.
<br />2. ylonthly Payment of 'T'axes, Insurance and Other Charges. Borrower shall include in each monthly
<br />paymrnt, tul;ether with the principal and interest as set forth in the Note and any late charges. a sum for (a) taxes and
<br />special asscvsrnents levied ur to be levied against the Property, (b) leasehold payments or ground rents un the Property,
<br />and (c) premiums for insurance required under paragraph 4. In any year in which the Lender unrst pay a mortgage
<br />insurance premium to the Secretary of Housing and Urban Developmrnt ("Secr'etary'"), or in any year in which such
<br />premium would have been required if Lender still held the Security Instrument, each monthly paynunr shall also include
<br />either: (i) i Burn fur the annual mortgage insurance premium to be paid by Lender to the Secretary, ur (ii) a monthly
<br />charge instrad of a mortgage inswrance premium if this Security instrument is held by the Secretary, in a reasonable
<br />amount to '~,e determined by the Secretary. Except for the monthly charge by the Secretary, these items ar•e called
<br />"Fscrow ltrus" and the sums paid to Lender arc calicd "Escrow Funds."
<br />Lender rnay, at any tirnc, collect and hold amounts for Escrow Items in an aggregate arnnunt nut to exceed the
<br />maxirnurn :mount that may be required for Borrower's escrow account under the Real Estate Sctrlcuumt Procudurrs Act
<br />of 1974, 11 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Yart 3500, as they may be amended firm
<br />time to tinu~ ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements Or
<br />disbursernrds before the Borrower's payments are available in the account Wray not be based nn amounts due for the
<br />mortgage issuance premium.
<br />If the urtounts held by Lender fur Escrow Items exceed the amounts permitted to be held by RESPA, Lender shall
<br />account to ; lurruwer for the excess funds as required by RESPA. If the amounts of funds held by Lender at any time are
<br />not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Burrower to make up the
<br />shortage as , icnuitted by RESPA.
<br />The F. r row Funds are pledged as additional security fur all sums second 1>y this Security lusnumcnt. if Borrower
<br />tenders to [ nder the tiill payment of all such Burns, Borrower's account shall be credited with the balance remaining for all
<br />installment acns (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become obligated to
<br />pay to the `;rcreta,y, and Fender shall promptly refund any excess funds to Bon•ower. Inunediately prior to a foreclosure
<br />sale of the rnperty or its acquisition by Lender, Borrower's account shall be err-diced with any balance remaining for all
<br />irrsurlimcnt>, '6r itcrrrs (a), (b), and (c).
<br />3. ;' pplication of Payments. All payments umier paragraphs 1 and 2 shall be applied by l.cnder as follows:
<br />First. ~~ the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the
<br />Secretary i~: •tead of the monthly mortgage insurance premium;
<br />Sec'nr.~l, to any taxes, special assessments, leasehold payments or ground rods, and fire, i]ood and other hoard
<br />insurance pn:,iri,.,ms, as required;
<br />'1'hh•d, :,, interest due under the Note;
<br />MERS FHH ' ^rd or Trust-NE
<br />20o4N-NE (::'07) f~age 2 of 6
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