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�012n2�2� 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�Y O1, 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 paragra.ph 7 to protect the security of this Security Instrument; and (c) the perFo*�++_ansp of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevoca.bly grants and wnveys to the Trustee, in trust, with power of sale, the following described progerty located in ALT•T• County, Nebraska: I.OT NINE (9) IN BLOCR EIGHT (8) IN PARRHILL SECOND SIIBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAI�ID, AALL COIINTY, NEBRASRA. TAX STATEMENTS SHOULD SE SENT TO: �nTELLS FARGO HOME MORTGAGE, P.O. SOX 11701, NEi�,RK, NJ 071014701 Parcel ID Number: 400074125 which has the address of 2323 W PSOEWIX AVE GRA1�ID I SLAND ("Property Address"); [City], Nebraska 68603 [Zip CodeJ jStreetj TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the n� � BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all 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 jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenents. Borrower and Lender covena.nt and agree as follows: 1. Payment of Principel, Interest and Lete Cherge. Borrower 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 Taxes, Insurence end 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 Properly, 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 Instrument, each monthly payment shall also include either: (i) a sum for the annual FHA Dead of Truat-NE 4/96 VMP � VMP4RlNE) (71061.00 Wolters Kluwer Finerwial Services Page 2 of 10