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2012033gG is evidenced by Bonower's note dated the same date as this Security Instrutnent ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on May 1. 2042 . This Security Instrument secures to Lender: (a) the repayrnent 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 Security Instrument; and (c) the performance of Bonower' s covenants and agreements under this Security Instrwnent 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 L L County, Nebraska: Lot Two (2), Virden Subdivision, in the City of Grand Island. Hall County. Nebraska Parcel ID Number: 400103958 which has the address of 2 517 W 5 t h S t [St�-eetJ Grand Isl and [CityJ, Nebraska 68803 [Zip CodeJ ("Property Address"); TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements, appurtenances and fixhues 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 "Property. " BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property 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 r�ord. THIS SECURITY INSTRLJMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 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 charges due under the Note. 2. Monthly Payment of Taxes, 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 ("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 0451203248 FHA Deed of Trust-NE 4/96 VMP p VMP4R(N� (1109) Wolters Kluwer Financial Services Page 2 of 10