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�o����s�� <br />This debt is evidenced by Horrower'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 February 01, 2042 <br />. This Security Instrument secures to Lender: (a) the repayment of the debt evide,nce� by the <br />Note, with interest, and a11 renewals, extensions and modifications of the Note; (b) the payment of all ather sums, <br />with interest, advanced under Faragraph 7 to prot�t the s�urity of this Security Instrument; and (c) the performance <br />of Borrower' s covenants and agr�ments under this Security Instrument and the Note. For this purpose, Bosower <br />irrevocably �ts and conveys to the Trustee, in tcvst, with power of sale, the following descnbed propeity locatefl <br />in Eall County, Nebraska: <br />See attached exhibit. <br />Parcel ID Number: 400097834 <br />which has the address of 816 N�mLNIIT ST [S�] <br />Grat►d Island [City], Nebraska 68801 [Zip Code] ("Property Address"); <br />TOGETHER WITH all the improvements now or hereafter er�t� on the property, and all easenaentg, <br />appurtenances and fixtures now ar hereafter a part of the progeriy. All replacements and additions sl�all also be <br />covered by this Security Inshwment. All of the foregoing is referred to in this Sec�uity Instrument as the "Property." <br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this <br />S�urity Insbeument; but, if ne�essazy to comply with law or custom, MERS, (as nomin� for Lender and I.ender' s <br />successors and assigns), has the right: to exercise any or all of those interests, including, but not limitc�ci 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 />r�tnceling this Security Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seizerl of the estate hereby conveyed and has �e right to <br />grant and convey the Property �d that the Property is unencumbered, except for encumbrances of r�rd Borrower <br />warrants and Rnll defend generally the title to the Properly against all claims and demands, subje�t to any <br />encumbrances of record <br />THIS SECLTRITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants <br />with limited variations by jurisdiction to constitute a uniform security instrument covering real properiy <br />Borrower and Lender covenant and agre,e 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 evidenc� by the Note and late cbarges due under the Note. <br />2. Monthly Payment of Tazes, Insnrance and Other Charges. Bonower shall include in each montbly <br />payment, together with the principal and interest as set forth in the Note and any late chazges, a sum far (a) taYes and <br />special assessments levie� or to be levied against the Property, (b) leasehold payments or ground re�ts on the <br />Property, and (c) premiums for insurance r�uired under paragraph 4. In any year in which the Lendea must pay a <br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in ar►y year in <br />which such premium would have been require� if Lender still held the Security Instnmdent, each monthly payment <br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the SeGretary, <br />or (ii) a monthly chazge inste,ad of a mortgage insurance premium if this Security Instrument is held by the Se�retazy, <br />in a reasonable amount to be deteiminefl by the Saretazy. Except for the monthly charge by the Secretary, these <br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." <br />2200202789 <br />VMPC�-4N(NF� loao�l.o� Paee z or e <br />D V4NNE <br />��_ — <br />V � � <br />