201101381 - Laserfiche WebLink

Browse

2011U1381 provides for monthly payments, with the full debt, if not paid earlier, due and payable on M a r c h 1, 2 0 41 . This Securiry 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, Bonower inevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Two (2), Block Ten (10), in Boggs and Hill's Addition to the City of Grand Island, Hall County, Nebraska. ParceI ID Number: 4 0 0 0 Z 1145 which has the at�dress of 2 0 0 7 W I I t h S t [Street� Grand I sl and [c�ry�, Nebraska 68803 [Zip Code] ( "Property Address"); TOGETI-IER WIT�I �tI the ixc�provements 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 aiso be cavered by this Seeurity Tustru�nt. AII of the foregoing is referred to in this Security Instrument as the "Property." BORROWER CCIVENAI�iTS 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 wiIi defend generally thf: ritle to the Property against all claims and demands, subject to any encwnbranczs of record. THIS SECURI'TTt I1�iSTRi7ME1�IT eombines uniform covenants for national use and non-uniform covenants with limited varieations by jurisdiction to constitute a uniform security instrument covering real property. ° Borrower and Lender coven�nt acu� agree as follows: UNIFORNI COVEN.4NTS. " 1. Payment of Principai, 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 chazges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) Ieasehold 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 L.ender 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 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." FHA Deed of Trust-NE 4/96 VMP � VMP4R�NE) (0809) Wolters Kiuwer Financial Services Page 2 of 9 r t� ��