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<br /> of Borrowcr's covenants and agrcements undcr ctiis Securtty Instntment and che Note. For this purpose, Borrower ,.•..��:,. ,, ,•:�;�
<br /> nY•-�" inevocAbl ra�its end conve s to the Truste�,In trust,with wer of sale, the following descdbed property located ;.
<br /> ''� in y g Y Hal l � Cour�t ,Nebraska: �� '��`�
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<br /> � Lot 3, Block 6, Russel Wheeler's Addition, City of Grand Island, �;�,�*,:�.�`���=��_
<br /> Hall County, Nebraska. ::��_.�'-° °-°°
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<br /> �. which has the address of 111 W. 9th,Grand Isl and ►Sc��,C�ry1� 'i'� --
<br /> Pfebraska 68�01 [z�PCoael ("PropertyAddress"); =�p,��'';
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<br /> TOG�THER WITFi all the improvemonts now or hereafter erected on the property, and all easements, .��`-�-
<br /> �• appurtenances and fixtures now or hereafter a part of the pmperty. All replacements and addition� shall also be -'�_��__
<br /> "n', covcred by this Security Instrument.All of the foregoing is refened to in thls Security Tnstnunent as the "Prope�ty."
<br /> '� BORROWER COVENAAITS t�at Borrower is lawfuUy seized of the estate hereby coaveyed and hes the dght to �''�--
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<br /> -" •- grant and convey the Properry and[hat the �roperry ia unencumbereci,cacxpi tur a�cwiibiauu�of ruard. ponawar - •
<br /> warrants and wUl defend genera.11y the title to the Property against all cluims and demands, subjxt ro any
<br /> encumbrances of record. -
<br /> , THIS SECURITY INSTRUMENT combines uniform covenants for national use and uon-uniform cov�nants _ -
<br /> with limlted variations by jurIsdlction to constitute a uniform securlty instrument covering nal properry.
<br />=.___ _-_. Aormw�r and iender covenant and aaree as follows: -
<br /> UNIFORM COVENANTS.
<br /> 1. Paymart oi PrincipAl, Interest and :.nte Cdarge. Borrower shall pay when due the principal of, and
<br /> _ � interest on,the debt evidenced by the Note and late chazges due under the Note.
<br /> 2. Moathly Paymwt of Tsxes, Iasurance and Other Chacges. Borrower shall include ia each aanthly
<br />_� payment,toge[her with t�e principal aad intenst as set forth in the Note aad any late charges, a sum for(a) taxes and
<br />_, . �-.y special assessments levied or to be levicd against the Property, (b) leasehold payu�nts or ground cents on the
<br />- Property.and(c)premiums for insurance reyuirod under paragraph 4. In any year in which the Lender must pay a
<br />� ` �:� mortgage insurance pnmium to the Secntary of Housing and Urban Developmeat('Secntary").or in any year in __
<br /> "� "'"' which such pnmium would have ban required if Lender still held the Securiry Instcument. each monthly plyment �°
<br />�- shall also include either: (i)a sum for the anuual mortgage insurance premium to be paid by L.ender to the Secrctary. __ -
<br /> �� •�'' �- or(ii)a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, �-_
<br />-' � '� in a reuonable amount to be deternvned by the Socretary. Except for the monthly chazge by the Secretary, these �;-
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<br />'�' ' �;',.• � items are called "Bscrow It�ms"and the sums aid to Lender are called'Escrow Funds."
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<br /> Lender may,at aay tune. collect and hold amounts for Escrow Items ia an aggregate amouat aot to aaaed th� �-'_-----
<br />-. � . maximum au�ount that may be nquired for Borrower's escrow account under the Real Fstate Settlement Practciurts •`' --
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<br /> . , ,�,;�. Act of 1974. 12 U.S.C. Section 2601 et seq. and implementing regulations. 24 CPR Part 3500, as they may be ;��;�.�t,�.�:_
<br /> - amended from time to time ("RESPA"),except that the cushion or reserve permitted by RESPA for unandcipated =—��,
<br /> , disbursements or disbursements before the Bonower's payments are available in the account may not be buaci on ���"°���"`�
<br /> ' amounts due for the mortgage insurauce premium• ':"�"
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