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201204840 is evidenced by Borrower's note dated the same date as this Se�urity Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on J u 1 y 1, 2 0 4 2 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modificarions of the Note; (b) the payment of all other sums, with interest, advanc� under paragraph 7 to protect the se,curity of this S�urity Instrument; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property locate� in H a 11 County, Nebraska: Lot Thirty-six (36), in Sass Second Subdivision, in the City of Grand Island. Nebraska. Parcel ID Number:400087405 which has the address of 3207 E Gregory St [StreetJ Grand I sl and [CityJ, Nebraska 68801 [Zip Code] ("Properiy Address"); TOGETHER WTfH all the improvements now or hereafter erect� on the property, and all easements, appurtenance�s and fixtures now or hereafter a part of the property. All replacements and addirions shall also be covered by this Security Instrument. All of the foregoing is refened to in this Security Instrument as the �� BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumberefl, except for encumbranc.es of r�ord. Bonower wartants and will defend generally the ritle to the Properiy against all claims and demands, subj�t to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform se�urity instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agreE as follows: 1. Payment of Principal, Interest end Late Charge. Bonower shall pay when due the principal of, and interest on, the debt evidence� by the Note and late chatges due under the 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 charges, a sum for (a) taxes and sp�ial assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Properiy, and (c) premiums for insurance required under pazagraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretazy"), or in any year in which such premium would have b�n required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual FHA Dwd of Trust-NE 4/88 VMP � VMP4RINE) (1109) Woltera Kluwer Flnancial Services Page 2 of 10