201005939 - Laserfiche WebLink

Browse

201005939 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on September O1, 2040 .This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Nate; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska.: LOT ONE HUNDRED SIXTY-SIX (166) IN WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. THIS IS A PURCHASE MONEY DEED OF TRUST Parcel ID Number: 400116537 which has the address of 1515 N. Grand Island Avenue [Street] Grand Island [Cary], Nebraska 68803 [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtuxes now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrumeut. All of the foregoing is referred to in this Security Instrument as the "Property. " Borrower undexstands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exexcise any or 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 to, releasing or canceling this Secuxity Instrument. BORROWER COVENANTS 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 far encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secuxity 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 in the Note and any late charges, a sum for (a) taxes and special assessments levied ox to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance xequixed under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Uxban 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 Secxetary, 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 determined by the Secretary. Except fox the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 2200056019 D_v4NNE Initials:~~~,~ Po A VMP~-4N~NE) loao~~.ot Page 2 of 8 D~ /~