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�0�.�030�_0 I�C7I' EIC�l�T (18) OF T!� ID ROSS S[JBDIVISION N0. 2, IN HALL COUNTY, I��BRASKA A.P.N.: 400204029 wluch has the address of GRAND ISLAND C��r] 3230 N NORTH ROAD [sueet] , Nebraska 6 8 8 0 3 ("Property Address"): [zip code] � TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements, appurtenances, and fixtwes now or hereafter a patt of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Secutity Instrument as the "Property." Bonower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the righr to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to gtaat and convey the Properiy and that the Property is unencumbered, except for encumbrances of record Borrower wanants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record THIS SBCURITY INS'IRUMENT combines unifonn covenants for national use and non-uniform covenants with lunited variations by jurisdiction to constitute 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. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late chazges due under the Note. 2. Monthly Payment of Tazes, Insurance, and Other Charges. Borrower sha11 include in each monthly payment, together with the principal and 'vnterest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be Ievied against the Properiy, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under patagraph 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 yeaz 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 mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly chazge instead of a mortgage insusance premium if this Security Instrumettt is held by the Secretary,. in a reasonable amount to be determined by the Secretazy. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender,are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Esctow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Esta�e Settlement Procedures Act of 1974, 12 U.S.C. §2601 et sea. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA" ), except that f,he cushion or reserve pernritted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. FHA N�RASKA D� OF TRUST - MERS �� NEDOTZ.FHA 03/21/12 Page 2 of 9 www.doar►agic.cam IIINIIII IlIIII II IID! II� I I II I I( II I I IIII� IIIIIIIII I�