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201108396
<br /> This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
<br /> provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 01, 2041
<br /> . This Secwity Instrument secures to Ler►der: (a)the repayment of the debt evidenced by the
<br /> Note, with interest, and all renewals, e�ensions and modifications of the Note; (b) the payment of all other sums,
<br /> with interest, advanced under paragraph 7 to protect the se�urity of ttris Security Insh-ument; and(c)the performance
<br /> of Borrower's covznants and agrcements under this Se�urity Instrument and the Note. For this purpose, Borrower
<br /> irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br /> in I3a11 County, Nebraska:
<br /> The �esterly Thirty-Three (33) feet of Lot Tvrenty One (21) and the Easterly
<br /> Forty One (41j feet of Lot Toventy (20) , in Block Ten (10) , in Parkhill Third
<br /> Subdivision, an addition to the City of Grand Island, Hall
<br /> County, Nebraska.
<br /> Parcel ID Number: 400074508
<br /> which has the address of 2424 W PHOENIX AVE [Street]
<br /> GRAND ISLAND �ci�y�, Nebraska 68803 [zip coae]("Property Address");
<br /> TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br /> covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the°Properiy."
<br /> Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this
<br /> Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
<br /> successors and assigns), has the right: to exercise any or a11 of those interests, including, but not limited to, the right
<br /> to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or
<br /> canceling this Security Instrument.
<br /> BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to
<br /> grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br /> warrants and will defend generally the title to the Properiy against all claims and demands, subject to any
<br /> encumbrances of record.
<br /> THIS SECURITY INSTRLJMENT combines uniform covenants for national 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 agree as follows:
<br /> UNIFORM COVENANTS.
<br /> 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br /> interest on, the debt evidenced by the Note and late charges due under the Note.
<br /> 2. Monthly Payment of Tazes, Insurance and Other Charges. Bonower sha11 include in each monthly
<br /> payment, together with the principal and interest as set forth in the Note and any late charges, a sum for(a)taxes and
<br /> special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br /> Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br /> mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
<br /> which such premium would have been reqwred if Lender still held the Security Instrwnent, each monthly payment
<br /> shall also include either: (i)a sum for the annual mortgage insurance premium to be paid by Lender to the Seiretary,
<br /> or(ii)a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br /> in a reasonable amount to be determined by the Secxetary. Except for the monthly charge by the Secretary, these
<br /> items are called'Bscrow Items" and the sums paid to Lender are called'Bscrow Funds."
<br /> 2300061273 DI�I�� D V4NNE
<br /> �nkials: �
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