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<br /> � � of Bonower's covenants and agrccments uader this Security Instrument and the Note,For thls purpose, Bottower � ' �
<br /> � irrevocably grants and conveys ro the Trusta,in tnut, with power of sale, the following de.ccribod propeny lceated :;_,.
<br /> in Hd l 1 County,Nebraskl: '`�"'_
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<br /> Lot Seven (7). in Block Eleven (11). Packer and Barr's Addition ..;.,,,:-'=
<br /> to th� City of Grand Isl and, Hall County. Nebraska. ,'.";,;:�
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<br /> �. which bas cne aaaress of411 N. Darr.Grand Isl and [s�«,c�tyt, .
<br /> Nebrnska 68803 Cz+a c��] ("�P�n3+Addnss");
<br /> � TOtiETHER WiTH ull the improvementa aow or hereafter eroctal on the properry, and all easementa, �
<br /> eppurtoaances aad fiatures now or hereafcer a part of the grnperty. All replaamanu and addltions shall also be _
<br /> covered by this Securlty Instrument.All of the fongoing is nferred to in th3s 5�ur[ty Instrument as the"Property." F::
<br /> . � ��--
<br /> BORROWER COVSNANTS that Borrower ia lawfully seized of the estate hereby oonveyed and has the right to
<br /> grant and conv�y the Propetty uid that the Property is uneacumbered,except for encumbraaccs oi niwtd.Bo�war _
<br /> � " wanants and will defend generally the title to the Property agaiast all claims aad deroands, subject ro any —
<br /> �nc�unbrances of reoord.
<br />" • THIS SECURITY INSTRUMENT combinea uniform covepants for national ute and non-uniform covenants --
<br /> with llmited varladoas by jurisdiccion to constitute a uniform�ecurlty instniment oovering real properry•
<br />��'�=-'�`--' Aorrower a�xl i.encler covewnt u�d aRroo sis follows:
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<br /> '� "` UNI�ORM COVENANTS. "
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<br /> `'� �`��"�' 1. Paymeat ot Princlpal, Ipterest and I.ate Clu�rge. Borrower shaU pay wbea due the prtncipal of, and
<br />-;�r.�':.:�`,. iaterest oa,thc dcbt evidenced by the Note aad late charges due under thc Note. r
<br /> R--.'��.::� 2. MontWy Payn�ent of Twres, Insurance and Other Ch4rges. Borrower shall include in each monthly
<br />'�r>;,�" ,,� payment,together with the principal and iateresl as set forth in the Note aad any late charges.a sum for(a)taaes and
<br />��;,-i special usessmenta levied or to be levied rgalnst the Property, (b) leasehold paymeats or ground nats on the
<br /> -�:��,s�-:4. Property.and(c)pnmiums for insurance nquired under paragraph 4. In aay year in wbich the Lender must pay a =
<br />;�;!;'��` mortgage insursmce pnmium to the Secretary of Housing and Urban D�velopment ('Secntary"). or in�ny yeac in __
<br />��-=•Y.+�:�� which such prcmium would havc been requlted if Lendcr still held the Sxurity Insuument, each montWy piyment ___
<br />'°''�'�� sh�ll also include either: (i)a sum for tho annua!mortgage insurance premium to be p�ld by Lender ro the Secretary, __
<br /> '`�'��'` or(ii)a moathly charge instead of a awrtgage insurance pnraium if t1�is Security inaaument ls hcld by the Secntary, '-�;
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<br />_z-z=_°-�;�, in a rezsonable amount to bt detcrminod by the Secretary. Bxapt for the monthly chazgc by the Secrccary, thesc
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<br /> „•,� `.. _.. items are called "Escrow Items`ead the sum�paid to Leader are called'E.scrow Fund.�,' �;,
<br /> =�.�+:;�.. ••• Lender a�y,at auy tima,collect md iald amouncs for Escrow Items in an aggregau amouat not to exceod tho
<br />'11°'��-�: ma�[imum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures
<br /> ` ,.;;,_•,;;: Act of 1974, 12 U.S.C. Sectloa 2601 et srq. end implementing ngulat9ons. 24 CPR Part 3500, as they may be _
<br /> ' '� : amended from time to time ("RESPA'), except that the cushion or reserve permitted by RESPA for unanticipated ---
<br />, ' disburaements or disbursements before the Borrower's paywents are available in ihe account may not be based on "-- _
<br /> amounts due for the mortgage insurance pnmfum. � ��i=�°-�—
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<br /> � . (�4RfNE1�eea�.o� v.o.�a� innw: �+C.W. . .�':.
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