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201108147
<br />This debt is evidenced by Bonower's note dated the same date as this Security in•t,,,,,,en ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on Noneieber Ol , 2041
<br />. Thi� Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, �vii4h interest, and. all �enewals, �xtensions and modific�tions of the 1�1ote; (b) tha payment of all other sums,
<br />with interest, advanced under Paz'agraPh 7 to prote�t tha security of this Security Insttiunent; and (c) the performance
<br />of Borr�wer' s covenants and agreements under this Security Instrunnent and th� Note. For this purpose, Borrower
<br />irreva�bly grants and conveys to the Trustee, in tcust, with power of sale, �he following described groperiy locateri
<br />in �all Cotmty, Nebraska:
<br />IA°A' ONE (1) AND T� 1�iORTHERI�Y E'ODRTEEN (14) FEET OF LOT TWO (2) , BOF�N' 3
<br />S�-D�IYSION, AN ADDI'.L'YAN TO T� CITY OF GRAND ISL�lND, HALL COUNTY, NEBRASK1�i
<br />Parcel ID Number: 400026646
<br />�v�ch bas the address of 1416 l�i .�saicock Avenue LS�'�l
<br />Gxax►d Island [City], Nebrdska 68803 [Zip Code] ("Property Address");
<br />TOGETHER WITH all the improvements now or heeeafteY erected on the progerty, and all easements,
<br />appurtenances and fixtures no�v os° here�fter a part of the property. All replacements and additions shalt also be
<br />covered by this Security Instrument. All of the foregoing is refeired 4o in this Sec�uity Instrument as tha "Propercy.°
<br />Bonower understands �d agre� that MERS holds only legal title to the interests gr�te� by Barrower in this
<br />Security Instrument; but, if n�;essary to comply with law or custom, MERS, (as nomine,e for Lender and I,ender' s
<br />succes.sms and assigns), has the right: to exercise any or all of those interests, uicluding, but not limited 40, the right
<br />to fore,close and sell the Properiy; and ta talce any action required of I,ender including, but not limited to, geleasiug or
<br />c,anceling this Se,curity instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyefl and has tha right to
<br />grant and convey the Properiy �d that the Property is unencumbered, except for encumbrances of record. Borro�ver
<br />warrants and will defend generally the titla to the Property against all claims and demands, subjeit to any
<br />�acumbrances of r�;ord,
<br />THIS SECURITY INSTRUMENT combines uniforna covenants for n�tional use and non uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agr� as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when dua the principal o� and
<br />interest on, the debt evidenced by the Note and late chazges due under the Note.
<br />2. Monthly Payment of Tazes, Insnrance and Other Charges. Bonower sha11 include in each monthly
<br />payment, together with the principal and �x►terest as set forth in tha Note and any late charges, a sum for (a) taxes and
<br />s�a1 assessments levie3 or to be leviefl against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance r�uued under ParagraPh 4. In any year in wluch the Lender must pay a
<br />anortgage msurance premium to the S�retary of Housing and Urban Development ("Sec�'etary"), or in any year m
<br />wluch such premium would have be,en raquired if Lender still held the Security Instrument, each monthly PaYment
<br />shall also include either: (i) a sum for the azmual mortgage insurance premium to be paid by Lender to the Sectetary,
<br />or (ii) a monthly charge instead of a mortgage insurmace premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretazy. Excxpt for the monthly charge by the Secretary, these
<br />items are s�ll�. "Escrow Items" and the sums paid to Lender are callal "Escrow Funds."
<br />2200183491 D V4NNE
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