201108252 - Laserfiche WebLink

Browse

201108252 is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable onNOVEMSER O1, 2041 . 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 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 irrevocabiy grants and conveys to the Trustee, in trust, with power of sale, the following described property located in �' County, Nebraska: Lot Seven (7), Block One (1) in Lambert's Addition to the City of Grand Island, Hall County, Nebraska THTS IS A PURCIiASE MONEY SECIIRITY INSTRiJMENT. TAX STATEMENTS SHOIILD BE SENT TO: WELLS FARGO EiOME MORTGP,GE, P,O. BOX 11701, NEWARK, NJ 071014701 Parcel ID Number: 400058014 which has the address of 1420 E 7TH ST [StreetJ GRAND ISLAND (CityJ, Nebraska 68801 [Zip CodeJ ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easemeuts, appurtenances and fixtures now or hereafter a part of the property. All replacements and adc3itions shall also be covered by this Secvrity Instruznent. All of the foregoing is referred to in this Security Instrument as the "Property. " 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 encnmbrances of record. Borrower warrants and will defend generally the title to ttte Property against all claims and demands, subject to any encumbrances of record. THIS SECLTRITY INSTRUMENT combines uniform covenants for national use ana non-nniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender 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 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 charges, 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 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 FHA Deed of Trust-NE 4/96 VMP � VMP4RINE) (11061.00 Wolters Kluwer Financial Services Page 2 of 10