201105343 - Laserfiche WebLink

Metadata

Thumbnails

Annotations

20�10534� This debt is evidenced by Borrower' s note dated the same date as this Security Inslrument ("Note"), which provides for monthly payments, with the full debt, if not paid eazlier, due and payable on August Ol, 2041 . This Security Instrument seciures 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 soms, with interest, advanced under paragraph 7 to prot�t the security of this Security Insl�ument; and (c) the performance of Borrower's covenants and agreements under this Se�arity Inst�vment and the Note. For tlus pur�se, Borrower inevocably grants and conveys to the Trustee, in trust, with power of sa1e, the following deseribed praperty located in Sall County, Nebraska: Lot Five (5), Houghkirk 3ubdivision, in the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400046830 which has the address of 1225 Warren 7�ane [s��l Grand Island [City], Nebraska 68801 [zip Code] ("Property Address"); TOGETHER WITH all the improvements 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 also be covered by tlus Se�urity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower undeTStands and agrees that MERS holds only legal title to the interests grante� by Borrower in this Se�urity Instruinent; but, if ne�essary to comply with law or custono, MERS, (as nominee for Lender and Lender' s successors and assigns), has the right: to exercise 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 limite�i to, releasing or canceling this Se�urity Instrmnent. BORROWER COVENANTS that Borrower is lawfully seizefl of the estate hereby conveyeri and has the right to grant and convey the Prope�ty and that the Properiy is unencumbered, excxpt for encumbrances of record Borrower warrants and will defend generally the title to the Property against all claims and demands, subje�t to any encumbrances of record THIS SECURITY INSTRUMENT combines uniform covenants far national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform s�urity �t covering real properiy. Borrower and I,ender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Prindpal, Interest and Late Charge. Bonower shall pay when due the principal o� and interest on, the debt evidenced by the Note and late chazges due uader the Note. 2. Monthly Payment of Tazes, Insurance and Other Charges. Bonower sl�all 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 or to be levie� against the Property, (b) leasehold payments or ground rents on the �P�3'� ��) Premiums for insurance required uader ParagraPh 4. In any year in which the Lender must pay a mortgage insurance premium to the S�retary of Housing and Urban Development ("Secretary"), or in any yeaz m which such premium would have been re�uired if Lender still held the Security Instrumeat, each monthly Paym+ent shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage ins�u�ance premium if this S�urity Insi�ument is held by the Sacretary, in a reasonable amount to be determined by the Seeretazy. Except for the monthly charge by the Secretary, th�se items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 2200144904 n v4N�in. i��, — VMPC�-4N(NF� toao�l.o� Peea z o� e