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20i202087 is evidenced by Bonower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on Apri 1 1, 2042 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Securiry Instrument; and (c) the performance of Borrower's covenants and agre,ements under this Security Instrument and the Note. For tYus purpose, Borrower irrevocably grants and conveys to the Truste.e, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Twenty One (21), Indianhead Seventh Subdivision, in the City of Grand Island, Hall County, Nebraska. Parcel ID Number:400414430 wfiich has the address of 3 I 0 7 B i s o n C t [StreetJ Grand Is1 artd [City], Nebraska 688U3 [Zip Code] ("ProPerty Address"); TOGETHER WfTH all the improvemen�s now or hereafter erected on the property, and a11 ea�ments, appurtenances and fixtiu�es now or here�fter a pait of the property. All replacements and actditions shall aiso be covered by this Security Instrument. AIl of the foregoing is referred to in this Security Instrument as the "� PertY. ° BORROWER COVENANTS that Borrower is lawfiilly seized of the e.state hereby conveyed and has the right to gra.nt and convey the Progerty and that the Property is unencumbered, exc.ept for encumbrances of record. Borrower warFants at� will defend generally the title to the Property against ail claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform se,curity instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agr� as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidencai by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower sha11 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) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the 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 Insmiment, each monthly payment shall also include either: (i) a sum for the annual FHA Daed of Trust-NE 4/96 VMP � VMP4R�NE) (1109) Wolters Kluwer Financial Services Page 2 of 10