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2012025i9 is evidenced by Borrower'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 0 42 . This Security Insttument 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 Instrument; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Five (5), in Block Eighty-Three (83), in Wheeler and Bennett's Fourth Addition to the City of Grand Island. Hall County, Nebraska. t�arcei HD tllumber: 4U 012 6U 28 wliich has the ac�dr�s of 1523 N Sycamore St Grand IsTan� F"Property Address"); [�tyJ, Nebraska 68$O1 [Zip CodeJ [Street] TOGETHER WITH all the improvements now or flereafter erected an the property, and alI easements, appurtenances aud fixtutes now or hereafter a part of the property. AII replacements and addirions shall also be covered by this Security Instrunient. AIl of the foregoing is referred to in this Security Instrument as the � r PertY• BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property aud tHat the Property is unencumbered, except for encumbrances of record. Borrower warrants and wilI defend gegerally the title to the Progerty against aIl cIaims and demands, subje,ct to any encumbrances of record. THIS SECURITY INSTRiJMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicrion to consritute a uniform security instrument covering real property. Uniform Covenants. Borrower 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 Ta�ces, Insurance and Other Charges. Borrower shall 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 ("S�retary"), 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) Wolters Kluwer Financlal Services Page 2 of 10