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<br /> •''� of Borrowcr's covenants and agrecments under �his Security inswmcnt and the Note. For lhis purpose, BoROwer ; ;
<br /> �`"'""'" irrcvocably grants and convcys to thc Trustcc,in wst,with powcr of salG,thc following describcd property locatcd in
<br /> ;-•.
<br /> w�,L County.Nebreska: f'.
<br /> � THE WEST 67 1/2 FEET OF THB EAST 135 FfiET OF LOT THIRTEEN (13) , OF THE
<br /> 'r� COSNTY SUBDIVISION OF THE W 1/2 OF THE SW 1/4 OF SECTIQN FIF'PEfiN (15) �`y °
<br /> , • TOWNSHIP 11 NORTH, RANQ� 9 WEST OF THE 6TH P.M., BEINQ A RECTANGIJLAR fii::.
<br /> TRACT OF aROUND HAVINC3 A NORTH FRONTAGE OF 6? 1/2 FE�T ON CHARLES �}�,!.
<br />_'� � STRE�T IN THE CITY OF CiRAND I&LAI1D, HALL COUNTY, NEBRASKA AND A AEPTH '"'•
<br /> _ ' �� OF 65 FEET �
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<br /> � '�y�'�• which has the address of 115 EAST CHARLES, dRAND I SLAND [Sveet,CftyJ,
<br />- ' Neb[aska 68801 lZipCodaJ ("PropCrty Add[ess"); -
<br /> �y. � � TOC3ETHBR WITH sU thc improvements now on c�reafter erected on the praperty, and all eagements, =,�
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<br /> ,� appurcenances a�d Cllctures now or hereafter a part of the property.All replacements and additions shnll also be covered
<br /> �. , ' by this Sec�ulty Instrument All of thc forcgoing is refencd to in this Security Insuument as the"Property."
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<br />-�' � '�,'��, BORROV✓ER COVENANTS that Borrawer is lawfully selzecl of the estate hereby cameyed end has thc right to
<br />=;�:>,a:, =� grant and convcy the Property and�hat the Property L�unencumbered,except for encumbrances of record. Bomnwer -
<br /> � .: .,: warrants end will dcFend gencrally the udc to the Property against all claims and demands,subjcct to any encumbrances
<br /> '� � ' �,: . of record.
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<br /> 1�•y• '� :�•:t• THIS SECURITY IlVSTRUMBNT com6ines uniform covenaneq for nadonal use and non-unifom�wvenants with
<br /> n�;�;,�,���r limitcd variaaons by jurisdiction to constitute a uniform sccurlty instcument covering real property.
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<br /> Sarower and Lender covennnt and egrec es follows:
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<br />-'-��,� * IJNIPORM COVENANTS.
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<br />-u;,..� � 1.PAyrptnt ot Prtncipal,Interest and Lote Charge.Borrower shall pay when due the principal of,and interest
<br />��,..;W"'`°"'"� on,the debt evidenced by the Note and late cherges due under the Note.
<br />��'�t. 2.Monthly PaJRnent ot T�uces,Insurana smd Other Chargd.Borrower shall include in each monthly payment,
<br /> -'�=�--�-'�;. , • togcthcr with the principal and int�emst as sct forth in the Note and any late charges, a sum for(a)taues and special
<br />'"""''� ' asscssments lavicd or to be Icvied ainst the Pcoperty,(b)leasehold ments or und rea�ts on the Pro -
<br /> ,�;;�..-:,,�: a8 PaY Sro PertY.and(c)
<br />-=-`-F�`:�. pcemiums for insurance required under paragraph 4. In any year in which the I.ender must pay a mortgage insurana
<br /> ���;�v;��� premium to the Secredary of Housing and Urban Development("Secretazy"),or in eny year in which such premium ��;
<br />--° � would have been requ'utd if Lender still held 1he Secariry Insirument,each monihly payment shall elso include either. (i) "�
<br />'v ,`�_:.� a sum for the annuai mortgage insivance premium w be paid by Lender to the Sccretary.or(ii)a monthly charge instead
<br /> �"'?�� of a mortgage insurance premium if this Security Instrument is hdd by the Secretary, in a m,asonable amonni to be
<br />-� determined by the Secretary. fixcept for the manthly charge by!he Secretary,these items are called"Escrow Items"and
<br /> i�� ��- � the sums paid to Lender aze called"Escrow Funds."
<br />-'9�n"" "" � Lender may,at any dme,collect and hold amounts for Escrow Items in an aggregate amount not to ezceed the
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<br /> �-��.; . .� maximum amount lhat may be required for Borrower's escrow accow�t under the Real Estate Settlematt Procedures Act �-
<br /> . ,:;�,� � of 1974, 12 U.S.C.Secdon 2601 et seq. and implcmenting regu3ations,24 CFR Part 3500,as they may be amended
<br /> 3;�. � ?' from time w time("RESPA"),except that the cushion or reserve pr�rmitted by RESPA for unanucipated disbursemenu
<br /> ;,: '�y� or disbursements before the Borrower's payments are available in the account may not be based on amounu due for the •"�
<br />�;,,:. • mongage insurance premium.
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