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2o12o�s6r the Note; (b) the paynnent of all. other sutns, with interest, advanced under paragraph 7 to protect t�►e security of this Security Instrument; and {c) t11e perfoi�nance of Borrower's covenants and agreements. For this purpose, Borrower ircevocably grants and conveys ta Truste�, in trust, with pawer of sale, the following described properiy located in Ha(I County, Nebraska: SEE EXHIBfT "A" ATTACHED HERETO AND MADE A PART HEREOF. which has the address of GRANDISLAND [CitY� 1132 S�UTH CHERRY STREET (Saeet] , IVebraska 68801 {°`Praperty Address"); [Zip Code] TOGETHER WITH all the i�nprovelnents now or hereafter erected on the property, and all easexnents, appurtenances, and £'vctuxes now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the forego'vng is referred to in tl�is Secux Inshument as the "Property" Borrower understands and agrees that MERS holds only legal title ta the interests graatted by Borrower in this Security bnstrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to talce any action required of Lendar including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Bonrower is lawfully seised of the estata hereby conveyed and has the right to grant and convey the Properiy and that the I'roperty is unencumbered, except £ar encumbrances of record.. Borrower wacraaits and will defend generally the title to the k'roperty against all cla'vns and demands, subject to any encumbrances of record. THIS SECLTRITY INSTRUMENT cornbines unifonn covenants for national use and non-unifonn covenants with limited variafiions by jurisdicfion to constitute a uniform security instrwnent covering real property. iJNIFORM COVENANTS. Borrower and Lender covenant aud agree as Follows: 1. Payment ot Principal, Interest and Late Charge. Bonower shall pay when due the principal of, and interest on, the debt evidenced by tbe Note and late cha�rges due under the Nate. 2. Monthly Payment of Tazes, Insurance, and Other Charges. Borrower shall include ix� each monthly payment, together with the principal and interest as set forth in the Note and any lafe charges, a sum for (a) taxes and special assessments levied or to be levied against the �operty, (b) .teasehold payments or ground rents an the Property, and (c} premiutns for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insuratice premium to the Secretary of Hausing and Urban Development ("Secretary"), or in any year in wbach such premium would have been required if Lender srill held the Security Instrument, each monthly pay�nent shall alsa include either: {i} a sum far the annual mortgage insurance premium to be paid by i.ender to the Secretary, or (ri} a monthly charge instead of a mortgage insurance pre.miuna if this Security Instrument is held by the Secretary, in a reasonable amount to be detemiined by the Secretary. Except for the monthly charge by the Secretary, thase items are called "Escrow Items" and the sums paid to Lender are called "�scrow Funds.'° NEBRA5I{A F`HA DEED bF TRUST NEBRASKA-MERS ITEM1t{ 2696l2 (091811) BAYNE,C0000447981 6/96 GreatDocsw (Page 2 of 8) 0000441981