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201203�� is evidenced by Bortower's note dated the same da.te as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on J u n e 1. 2 0 42 . 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 paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instnunent and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in tivst, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Thirteen (13), in Block Two (2), in Parkhill Subdivision, an Addition to the City of Grand Island. Hall County. Nebraska. Parcel t� Number:400073358 which has the acfdress of 253Z W John St [Street] Grand Isl and [CityJ, Nebraska 68803 [Zip CodeJ ("Pl.'opertY Address"); Tt1C�E�.T-�ER WITH all the imgrovements now or hereafter erected on the pmperty, and all easements, a�p�rrtenances and f�hires now or hereafter a part of the property. All replacements and additions shall atso be covered by this Security Instrunient. AIl of the foregoing is referred to in this Security Insmiment as the R�� n BORRO@VER COVENANTS that Borrower is lawfiilly seized of the estate hereby conveyec� and has the right to grant and convey the Property an� that the Property is unencumbered, except for encumbrances of recard. Borrower warrants and wi1l defend generally the ritle to the Property against all claims and demands, subject to any encumbrances of record. TfTIS SECURIT'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with Iimitect variations by jurisdiction to consritute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agr� 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 charges due under tt►e 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 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 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 Deed of Trust-NE 4/96 VMP � VMP4RINE) (1109) Woltsrs Kluwer Financlal Services Page 2 of 10