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<br /> ..� of Bonower's covenunts wnd agresmente undar this Secueity Instrunxnt :md tho Nata. Far thla pamc►sq. BorroWCr
<br /> ti��,;y� iaevocably grants and conveys to tho Trustee, in trust.with power of sale,the fc�llowina dnscribuC P m��Neb skv
<br /> . � �n Hall -
<br /> The Easterly Thirty-one Feet (E31') of Lot Five (5), and th�: Wt�stPrly
<br /> " Addition�toethe(City�offGrandSIs1and, Ha11kCounty,(Nebraska, C1arEc's -
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<br /> ��� ' �'~ which has the address of 518 W. 8th Street,Grand Isl and tsu�t,cityl. Y-
<br /> NebtaskA 68801 [zip codc] ("Ptoperty Addt�ss"); ..-
<br /> ; �'CYGETHER �VITH all the improvemeats now or h��ar erect�sl on tha properey, and all easements, __
<br /> appurtenances and �ixtuces now on c�reafter a part of the prnperty. /\ll repla�em�ntn and atlditions shall also be _
<br /> : � ',�'• covered by this Security Instrumant. All of the foz�egoing is referred to in this Serur[g►lnscrument as the"Ptoperry•"
<br /> = " ' •<��;�:� .+c, BORROWER COVENANT5 that Borro�ver is lawfi►lly seized of[ho estato hem'by conveyed and has the right to
<br /> �. ..�,��-�:+��_ y � .y : ,.� �,,,�a Pnr��,hrre.d excent for encumbrauces of record. Borrower
<br /> � , ,,�;i,�;.' :: grant ana conve �he Fro n ai;u u�at tSc� °r�, ...nn�._!n_.� , --
<br />=ti�'�';�� � warrants and will defend geaorally the title [o the Property aguinsa all claims aad demunds, subject to any
<br />-��:?�•; ;������ encumbrances of mcnTd.
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<br /> A�`fi-��!,';r� THIS SECURITY INSTRUMENT combines uaiform covenzu►ts far ncdonal use and non-uniform coveuants
<br /> ---�' ���'','��'•� ' wiS3��imited variadons by Jurisdiction ro constitute a unifvrae sr:urity insttument covering real property.
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<br /> ��a1:<' Borrower and Lender wvenant and agree as follo�vs:
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<br /> -=;"'?"s- • UNIFORM COVENANTS.
<br /> --� --�"'�'� 1. Poyment of Princtpol, Interest and Late Chn�e. Borro�vtr shall pay when due the principal of, and
<br /> �-�����.:���� interest on.the debt evidenced Uy the Note and late charges du�unslar the Note.
<br /> - - 2. MonWly Peyment ot Taxes� Insurance aad Othe•r Cdarges. Borrower shall include in each monthly
<br /> -- -1'°� paymeat,together with the principal and interest as set forth in the Note and any late charges,a sum for(a)taaes and
<br /> ---""���� special assessments levied or to be levied ��ainst the Properry, (b) &ensehold payments or ground rents oa the
<br /> �� _-- —' pcoperty, and(c)patmiums for insurance required undcs paragrnph 4. ]n any year in w+hich the I.ender must pay a
<br />—� - �� mortgage insurance prem[um to the Secretary of Houst�and Urban Development ('Secretary"), or in any yoar in
<br /> �'�:.� which such premium would have been required if Lcnder sti:l held the Securaty Instcument. each monthly payment
<br /> - - shall also include either:(i)a sum for the annual mortgage insurance preminm to be paid by Lender to the Secretary.
<br />= - �-: or(ii)a monthly charge instead of a mortgage irswrns►cc premium if this Security InstNment is held by the Secretary,
<br /> `���-� in a reasonable amount to be determined by tbe Secretary. Except for the munthly charge by the Secretary, these
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<br /> --^�ti�,::�.;;�'� [tems are callc:d'F,scrow Items"and the sums paid to I.ender ue�:alled "Escrow Funds•"
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<br /> �--T�('�''� Lender may,at any time,collect and hold um�unts for Escrow Items in an aggre���te aniount not to exc�ed t e
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<br /> .�.. �>R:,, maximum amount thnt may be required for Barro�ser's escrow uccount under ehe Real gs�ate Settlement Pr rrs
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<br /> Act of 1974. 12 U.S.C. Section 2601 et seQ. an�! iinplementing regulutions. 24 CFR Part 3500, ns they may be
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<br /> �*^�,�••r� '�' amended ftom time to time ( RESPA"), eacePe►hat the cushion or reserve permit:ed by RESPA for u�anticipated
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<br /> =:,..','.,,•. ;,: dis6ursements or disbursements before the Borrovrer's payments are available in the accounc may not be mn °
<br /> - ::`;:',`::�,', amounts due for the mortgage insurancc premiatt►• -
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