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2Q11Q9521 performance of Bonower's covenants and agreements under this Security Inshument and the Note. For this purpose, Borrower irrevocably grants attd conveys to the Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: Lot Twenty-eight (28), Grand West Third Subdivision in the City of Grand Island, Hall County, Nebraska.. Parcel ID Number: which has the address of4133 Allen AVE [Street], Grand Island [City], Nebraska 68803-2943 [Zip Code] ("Property Address"); TOGETHER WITH a.11 the improvements now or hereafter erected on the properly, and a11 easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Insirument. All of the foregoing is referred to in this 5ecurity Inshument as the "Property." BORROWER COVENANT5 that Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properiy 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 jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charges. 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. Nionthly 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 chatges, a sum for (a) taxes and special assessments levied or to be levied against the Properly, (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 a.nd Urban Development ("Secretary"}, or in any year in which such premium would have been required if Lender still held the Security Instntment, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the 5ecretary. Except for the monthly chaxge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be a.mended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account ma.y not be based on amounts due for the mortgage insurance premium. HCFG-00703 FHA Deed of Truat-NE Revised 4J96 VMP� �� Wolte�s Kluwer Finerxial Servicea 201112134.0.0.0.4002J20110824Y Pege 2 oi 10 1