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201202�74 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 Ap r i 1 1. 2 042 . 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 pazagraph 7 to protect the security of this Security Instivment; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in trust, with power of sa1e, the following described property located in H a 11 County, Nebraska: Lot Four (4). Block Two (2). Southern Acres. An Addition to the City of Grand Island. Hall County, Nebraska. Parcel ID Number:400093065 wIuch has the address of 2419 Co ch i n St [Street] Cr�nd IsT and [CityJ, Nebraska 68801 [Zip CodeJ ("ProFertY Address"); TOGE THER WITH all the improveinents now or hereafter er�ted on the property, and all easements, appurtenances and fixtures $ov� or hereafter a part of the groperty. A11 replacements and additions shall also he covered by this Security Inst�ment. All of the foregoing is referred to in this Security Instrutnent as the � � Property. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properiy aad that the Property is unencumbered, except for encumbrances of record. Bvrrower wazrants and wil� defend generally the ritle to the Property against all claims and demands, subje,ct to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Bonower 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 Taues, 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 chazges, 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 premiu.m 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 Instrument, each monthly payment shall also include either: (i) a sum for the annual FHA Deed of Trust-NE 4/96 VMP � VMP4R�NE) (1109) Walters Kluwer Financial Services Page 2 of 10