201004016 - Laserfiche WebLink

Browse

2oioo4oio of Borrower's covenants and agreements under this Security Instrument and the Note. )?or this purpose, Borrower irrevocably grants and conveys to the Trustee, in wst, with power of sale, the following described property located ~ HALL County, Nebraska: LOT FIFTSSN (15) IN BLOCX TWO (2) IN 2dORRIS ADDITION TO TBL~ CITX t]F 4R~1NT) ISLAND, srnr.I, COUNTY, N}~BRA,SICA. 'PIxIS IS A PURCHASE MONSX 6SCURITY IN9TRIIMErNT. `TAX STATI~NTS SHOULD aE S1~NT TO: WALLS FARGO 80M$ MORTGAGE. P.O. BOX 11701, NEWAI'iK, NJ 07101~I701 which has the address of 217 W 19TH ST, GRAND II3LAND [Sp'ea, Ckyl, Nebraska 6 8 ~ 01 [Zip Code] ("Property Address"); TdGETHER 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 in this Security Instrument as the "Property." BORROWER COVENANT5 that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and dernands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifaxttt covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 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 izi tlxe Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments 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 the Secretary, in a reasonable amount to be detet~xn~ined by the Secretary. Except far the monthly 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 an aggregate amount not to exceed the maximum amount that may be required fax Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2dQ1 et" seq. and implezxACZttiug regulations, 24 CFR Part 3SQ0, as they tray be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements ar disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. -AR(NE} ~aeot~ Pace z of s imtia~s~~~~,~, 6~ .