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201009798
<br />This debt is evidenced by Borrower's note dated the saxne date as th►s Security Instiwnent ("Note"), which
<br />providas for monthly payments, with the full debt, if not paid earlier, due and payable on January 01, 2041
<br />. This Security Instrument secures to Lender: (a) the repaymeni of the debt evidenced by the
<br />Nota, with interest, and all renewals, extensions and ncaodifications of the Note; (b) the payment of all other surns,
<br />with interest, advanced under paragraph 7 to protect the security of this Secur.ity Instrument; and (c) the performance
<br />uf Borrawer's covenants and agreements under this Securi.ty Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the fallowing described property located
<br />rn Hall County, Nebraska:
<br />Lot Four (4), Block Eighteen (16), Packer and Harr's Second Addi.ta.on to the City
<br />of Grand Island, Hall County, Nebraska.
<br />This is a purcha�se money mortgage.
<br />Parcel ID Number: 400070170
<br />which has the address of 248 Whita Ave [street)
<br />Grand Island [City], Nebraska 68803 [zip Code] ("Property Address");
<br />TOGETHEIZ WITH all the improvements now or hereafter e� on the property, and all easeinents,
<br />appurtenances and fixtures now or hereafter a part of the properiy. All replacements and addrtrons shall also be
<br />cover'ed by this 5ecurity Instrument. All of the foregoing is referrad to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MEKS holds only legal title to the interests grant� hy Borrower in this
<br />Security rnshwnent; but, if necessary to comply with law or custom, MERS, (as nominee for �.ender az►d Lender's
<br />successors and assigns), has the right: to exercise any or all of those interests, includrng, but not limited to, the right
<br />to foreclose and sell the Property; and to take any action requrred of Lender including, but not limited to, releasing ar
<br />canceling this Security Instrument.
<br />BORIZOWER COVENANTS that Borrower is lawfully seized af the estate hereby conveyed and has the right to
<br />grant and convey the Pxaperty and that the Property is unencumbered, except for encumbrances of r�cord. Borrower
<br />warrants and will defend generally the title to the Property against all clairns and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURiTY iNSTRLTMENT combines uniform covenants for national u.5e and non-uniform covenants
<br />with lrmited variations by jurisdretion to constitute a uniform sacurity instcwnent covering real properiy.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay wher► due the principal of, amd
<br />interest on, the debt avidenced by tbe Note and late charges due under the Nate.
<br />2. Monthly Payment of T�es, Insurance at►d Other Charges. Borxower shall include in each monthly
<br />payment, together with the princrpal and interest as set forth in the Note and any late chazges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Pxoperty, (t�) leasehold payments or ground rents on the
<br />Property, and (c) premiums For insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Develapment ("Secretary"), or rn any year in
<br />which such premium would havc been required if Lender still held the Security Instrurnent, each monthly paym.ent
<br />shall also iraclude either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the 5ecretary,
<br />or (ii) a montUly charge instead of a mortgaga insurance premium if this Security Iustrumet�t is held by the Secretary,
<br />in a reasonable amount to be determined by the Se�'etaty. Except for the rnonthly charge by the Secretary, these
<br />iterns are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />2200097304 ,.�� J � D V4NNE
<br />Initiels
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