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� 98-- ��_��c�5� of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in HAT,L County,Nebraska: LOT ONE HUNDRED FOUR (104) IN WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA which has the address of 1703 NORTH Hi75TON AVENUE, GRAND ISLAND [Street,City], Nebraska 6 8 8 0 3 [Zip Code] ("Property Address"); TOGETI�R WIT'H all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument.All of the foregoing is refened to in this Security Instrument as the"Property." _ BORROWER COVENANTS that Bonower 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 encumbrances of record. Bonower warrants and will defend generally the tide to the Property against all claims and demands,subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for nationai use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. . Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 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.Bonower 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) ta�ces and special assessments levied or to be levied against the Property, (b)leasehold payments or ground rents on the PropeRy,and (c) premiums for insurance required under pazagraph 4. In any year in which the Lender must pay a moRgage insurance premium to ihe 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 mortgage insurance premium to be paid by Lender to the Secretary,or(ri)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 Secretary. Except for the monthly chazge by the Secretary,these items aze 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 Bonower'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 amended from time to time("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Bonower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. �-4R(NE)�ssoa►.o� Page 2 of 8 Initials: � ,