201107360 - Laserfiche WebLink

Browse

20�10�360 is evidenced by Bortower's note dated the same date as tYus Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid eazlier, due and payable on N o v e m b e r 1, 2 0 41 . This Security 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 pazagraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in mist, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Thirty One (31), Castle Estates Subdivision, Nall County, Nebraska Parcel ID Number:400202514 which has the address of 4 0 6 6 P a 1 a c e D r [Street] Grand Isl and [City], Nebraska 68803 [Zip CodeJ ("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 this Security Instrument. All of the foregoing is refened to in this Security Insmiment as the n�, � BORROWER COVENANTS 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 for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to consritute a uniform security instrument covering real property. Uniform Covenants. Bonower and L,ender covenant and agree as follows: 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 chazges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Bonower 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) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any yeaz in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("5ecretary"), 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 FHA Deed of Truat-NE 4/98 VMP � VMP4RINE! (7105) Wolters Kluwer Financial Serv(ces Page 2 of 10