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<br /> of Bonowar's covanan6g and agtaments und�c thiq Sxuriry ln9uument nnd ihc Nocc. For ►his Purpose. Eorrower
<br /> irnvocAbly grants ond conveys to�he Tnistec,in trust,with power of sale,tho foi4q•�viug describei!propeny located in
<br /> HpLL County.Ncbraslca:
<br /> PARCE7, 1 - THF3 EASTERI,X THXRTY NINE AND TWQ TEN�IiB (39.2) FEET OF LOT
<br /> 'THRSB S3), BI,OCK FxNB (5) , VALLfiY VIEW SU&AxVISZON. IN THE CITY OF
<br /> aRANL) ISLAND. HAI,I, COUl1'�Y, NBBRASKA.
<br /> PARCFsL 2 - LOT ONR (1) , HAAVE SUHDIVTSION IN TIiE CITY OF (3R1�ND ISLAND, -
<br /> HALL COLTNTY, NEARFt&KA•
<br /> which has ihe address of 1103 EAST PHOENIX, GRAND ISLAND (Street,City),
<br /> IVebraskx 6 e e o i l�ip Code1 ("�P�Y Adclress");
<br /> 'I'OC;fiTHER WITH ell the improvements now or hereatter uocccd on the property, and a11 w�ernents.
<br /> ' �ptszsensnce.°an�t'ix�s:�W Qr h�maf�pr a�.wn�f ihee nrnperiy.All nQlacements end additions shaU also be coverod
<br /> = by�his Socurity lnstrumen�Aq of ihe foregoing is refcrred to In Ihis Sacurity Insttument as the"F'ropaty."
<br /> BORItOWBR CQVENANTS that Borrower is lawfully scizcd of tho estate baeby conveya!and has the right to
<br /> ¢mt ancf convev ehe Pronertv and that the ProperlY is uneneumhered,except for encumbtaixes of rocord.Borrower
<br /> ' w�rranu and will defend geaxaally the ade to the Propercy against all claims and demands,subjoct to any encumlxa�ces
<br /> ofrecord.
<br /> [ THIS SECURITY IN5TRUNIENT combines unifam covenanu for naticx�sl ux and non-unifam wve�ants with
<br /> limitod variations by jurisdicdon to constitute a unifcxm security inswma�t covuing real propaty.
<br /> Bamwa and Lender covenant end agrx as follows:
<br /> � UNIFORM CUVENAN'I'S.
<br /> � 1.Payme�t of Priocip�4 Intereat and I.�te C6�e.Bomnwcr shall pay when due the principal of.and int�aest
<br /> � on,the debt e�ida�cod by the Note and lale charges due nnder the Note.
<br /> , 2.Mo�tLfq P�y�est af Tues,Inaurance ond Otber Cbar`ee.Borrower shaA include in each monthlY PaY��
<br /> together with the principal end interest as set foN►in the Note and any lau chacges,a sum for(a)tsixes and s�ecial
<br /> asses.s�nents kviod or w be levied against the ProputY.(b)leasehold payments or ground rents on the Property�and(a)
<br /> praniwns for ins�rance require�under paregreph 4. In any year in which the L.ender must pay a mortgago insur�nce
<br /> . pranium W the Secretary of Hcwsing and Urban Devebpment ("Socretary„),or in�au�y yeu�n which such premium
<br /> would have ban nquirod if Lendu still held the Security Inswment,each monthly payment shaU also include eitha:(i)
<br /> a�um for�t►a ennual roortgage insurance premium to bc paid by I.ender W the Secrel�ry,or(u)a monthly charge inatead
<br /> ' oF a mortgage insurance prunium if�his Securiry Instrument is held by the 5ecrdary,in a rea9onable unount to be
<br /> ddermined by 1he Socretary. Exctpt for d�e monthly charge by the Secntary,these iteans are called"Escrow Items"and
<br /> �j the sums peid w L�ender are callal"E�w Funds."
<br /> ;4 Lender may,at any time,colkct and hold amounts for Escrow Items in an a88�8ate amount not to exccxd�'��
<br /> � maximum�nount Utiat may be required for Borrowcr's escrow account under the Real Esrate SeWertient Procodures Act
<br /> of 1974, 12 U.S.C.Sxtion 2601 tt seq.nnd imp}rmenting rcgulations,24 CFR Pact 3500,as they may be amuidad
<br /> ;.� fro�n timc ro timc("RLSPA").exr•e�t that the cushion or reserve pe�mittcd by RESPA for unanticipatod disbursemu:ts
<br />_ cx disbursements befae the Sorrower's payments are availabb in che account may not be ba�d on wnounts d�e fa thc
<br /> .., rtartgega insurance premium.
<br /> .� P� �2 Ot B InitiaN:
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