201009497 - Laserfiche WebLink

Browse

201Q0949� provides fqr monthly payments, with the full debt, if not. paid earliez due and payable on J a n u a ry 1, 2 Q41 . This S�curity Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (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 ta the Trustee, in trust, with power of sale, the follnwin� described property located in H A L L County, Nebraska: LOT TWENTY (20), BLOCK FOUR (4), MORRIS SECOND ADDITTON TO THE CITY OF GRAND I5LAND, HALL COUNTY, NEBRASKA Parcel ID Numbar: 400064391 which has the address of 312 E 17 t h 5 t �street� G r a n d I s 1 a n d [Ciry�, Nebraska 68801 [Zip Code] ("Property Address"); TOGETHER WTTH all the improv�rnents now or hereafter erected on the property, and all easements, appurtenances and fixtures now ar h�r�after a part of the property. All replacements and additions shall also be covered by this 5ecurity Instrument. All of the foregoing is referred to in this Seourity Instrument as the "Property." B�RROWER C�VENANTS that Borrawer is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Froperty is unencumbered, except for 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 INSTRUMEI�TT cornbines uniform covenants for national use and npn-uniform covenants with limited variations by jurisdiction to constitute a uniform security instruznent cnvering 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 payxiaent, together witta the principal and interest as set farth 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 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 insurazace premium to the Secretary pf Hnusin� and Urban Development ("Secretary"), or in any year in which such prerniurn would have been required if Lender sCill held the Security Instrument, aach monthly payment shall also include either: (i) a sum £or the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortga�e insurazace premium if this 5ecurity Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 0451D19798 FHA �eed of Trust-NE �— 4/96 VMP � �� VMP4R(NE� (0809) Wolters Kluwer Financial Services �,f_ I'age 2 of 9