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OX119 Elm, 011
<br />LOAN #: 05110831796
<br />existing under the laws of MINNESOTA,
<br />and has an address of 3600 MINNESOTA DRIVE, SUITE 150, EDINA, MN 55435.
<br />Borrower owes Lender the principal sum of * *EIGHTY TWO THOUSAND SIX HUNDRED EIGHTEEN
<br />AND NO/ 100**** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** Dollars (U.S. $82,618.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "),
<br />which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />NOVEMBER 1, 2041. The beneficiary of this Security Instrument is MERS (solely as
<br />nomineefor Lender and Lender's successors and assigns) and the successors and assigns cf M ERS. This
<br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest,
<br />and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys to theTrustee, in trust, with powerof sale, the following described
<br />property located in Hall County, Nebraska:
<br />Lot 19, West Heights Second Addition, City of Grand Island, Hall County,
<br />Nebraska.
<br />APN #: 400114704
<br />which has the address of 516 west AVE, Grand Island,
<br />[Street, City],
<br />Nebraska 68803 ( "Property Address ");
<br />[Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereaftera partofthe property. All replacements and additions shall also
<br />be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by
<br />Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee
<br />for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of
<br />Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against
<br />all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform
<br />covenants with limited variations byjurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal
<br />of, and interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each
<br />monthly payment, togetherwith the principal and interest as set forth in the Note and any late charges,
<br />a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold
<br />payments or ground rents on the Property, and (c) premiums for insurance required under paragraph
<br />4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing
<br />and Urban Development ( "Secretary "), or in any year in which such premium would have been required
<br />FHA Nebraska Deed of Trust -4/96 Initials:-<,0 _
<br />Online Documents, Inc. Page 2 of 7 NEEFHADE 1108
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