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201203��� <br />is evidenced by Bortower's note dated the same da.te as this Security Instrument ("Note"), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on J u n e 1. 2 0 42 . This <br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all <br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced <br />under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's <br />covenants and agreements under this Security Instnunent and the Note. For this purpose, Bonower irrevocably <br />grants and conveys to the Trustee, in tivst, with power of sale, the following described property located in <br />H a 11 County, Nebraska: <br />Lot Thirteen (13), in Block Two (2), in Parkhill Subdivision, an Addition to <br />the City of Grand Island. Hall County. Nebraska. <br />Parcel t� Number:400073358 <br />which has the acfdress of 253Z W John St [Street] <br />Grand Isl and [CityJ, Nebraska 68803 [Zip CodeJ <br />("Pl.'opertY Address"); <br />Tt1C�E�.T-�ER WITH all the imgrovements now or hereafter erected on the pmperty, and all easements, <br />a�p�rrtenances and f�hires now or hereafter a part of the property. All replacements and additions shall atso be <br />covered by this Security Instrunient. AIl of the foregoing is referred to in this Security Insmiment as the <br />R�� n <br />BORRO@VER COVENANTS that Borrower is lawfiilly seized of the estate hereby conveyec� and has the right to <br />grant and convey the Property an� that the Property is unencumbered, except for encumbrances of recard. <br />Borrower warrants and wi1l defend generally the ritle to the Property against all claims and demands, subject to <br />any encumbrances of record. <br />TfTIS SECURIT'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with <br />Iimitect variations by jurisdiction to consritute a uniform security instrument covering real property. <br />Uniform Covenants. Borrower and Lender covenant and agr� as follows: <br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and <br />interest on, the debt evidenced by the Note and late charges due under tt►e Note. <br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly <br />payment, together with the principal and interest as set forth in the Note and any late chazges, a sum for <br />(a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or <br />ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in <br />which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban <br />Development ("Secretary"), or in any year in which such premium would have been required if Lender still <br />held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual <br />� <br />FHA Deed of Trust-NE 4/96 <br />VMP � VMP4RINE) (1109) <br />Woltsrs Kluwer Financlal Services Page 2 of 10 <br />