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201009533
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12/21/2010 3:20:02 PM
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12/21/2010 3:20:02 PM
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201009533
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201009533 <br />of Bprrower's covenants and agreements under Chis Security Instrument and the Note. �or this �urposc, Bnrrow�r <br />irrevacably grants and conveys to the Truste�, in trust, with pawer of sale, the following describ�d pro��rty located <br />in HALL County, Nebraska: <br />FRACTIONAL LOT FOUR (4) TN FRACTIONAL BLOCK THREE (3) I� �iONNTE BRAIE ADDTTION <br />TO GRANA ISLANA, AT� ITS COMPLEMENT: FRACTTONAL LAT FOiJR (4) TN F'R1�,�TTONAL <br />BLOCK '!'WENTY—OI�E (21) TN WALLICH� S ADDITION TO THE CI'I''Y' qF GRAND ISLAND, HALL <br />COUNTY, N�B1tASTCA. <br />T�TIS YS A PURCHASE MONEY SECURITY INS�RUMENT. <br />"�AX ST'A'I"�MENTS SHOULD BE SENT TO : WELLS FARGO HOME Mp�tTGAGE , P. O. BOX � 1� o i, <br />NEWARK, NJ 071014701 <br />which has the address of l�Ql9 W 6TFI ST, GRAND ISLANA (Strect, c:ity�, <br />Nebraska 68801 [Zip Caie� ("p�operty Address"); <br />TOGETHER WITH all the improvements now �r hereaftcr crccled on the property, and all easements, <br />appurtenances and fixtures now ar h�reafter a part of the praperty. All replacements and additions snalr also be <br />covered by this Security Tnslrument. All pf the foregoing is referred to in this Security Instrument as the "Yroperty." <br />BORROWER COVENAN'1'S that T3orrower is lawfully seized of the estate hcr�by cUnv�y�d and ha� thc: righf tU <br />graant and canvey the Property and that the Property is unencumbered, except for encumbrances of r�cord. Bc�rrower <br />warrants and will defend generally the title to the Properiy against all claims and demands, subject to any <br />�ncumbranc:es of record. <br />THIS SECURITY INSTRUMENT combines unifortra covenants for natianal use and non-uniform covenants <br />with limited variations by jurisdiation to constitute a nniforrn security instrument covering real property. <br />Borrower and Lender covenant and agree as follows: <br />UNI�'ORM COVBNAN'TS. <br />1. Payment of Principal, Interest and Late Chargc. F3orrower shall pay wh�n du� th� principal of, and <br />interest on, the debt evidenced by the Note and late charges due under the Note. <br />2. Monthly Payment of Taxes, Insnrance and Uther Charges. �orrower shall include in each rnonthly <br />payment, together with the principal and interest as set forth in the Note and any late charges, a suin for (a) taxes and <br />special assessm�nts lcvi�d or to be levied against the Property, (b) leasehold payments or ground rents on the <br />Prc��eriy, and (c) premiums for insurance required under paragraph 4. In any year in which the L.ender must pay a <br />mortgage insurance premiuin to the Secretary of Housing and Urban Development ("Secretary"), or in any year in <br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment <br />shall alsa include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, <br />ar (ii) a manthly charge instead of a mortgage insurance prernium if this Security Instrurnent is held by the Sec:retary, <br />in a reasonable amaunt ta be determined by the Secretary. �xcept for the manthly charge by the Secretary, th�s� <br />items ar� called "Escrow Iterns" and the sums paid to L,ender are called "Escrow Funds." <br />Lender may, at any time, collect and hold amounts for �scrow Items in an aggregate amount not to exceed the <br />maximum amount that may be required for T�orrower's escrow account under the Real �state Settlement Procedures <br />Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 2�F CFR Part 3500, as they may be <br />am�nd�d from timc to time ("RESPA"), except tha[ th� �.ushion or r�scrvc penmitCed by RrSPA For unanticipated <br />disbursements c�r disbursements befar� the B�arraw�r's paymcnts are available in Ihe account may not be based on <br />amounts due for the nxa�rtgage insurance premium. <br />�-4R�NE) Isso�) Pape 2 of 8 Initials:� <br />� <br />
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