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201205040 performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: LOT EIGHT (8), BLOCK NINE (9), SCHIMMER'S ADDIITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. . Parcel ID Number: 400090074 which has the address of 412 W 13th ST [Street], Grand Island [City], Nebraska 68801 [Zip Code] ("Properly Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and a.11 easements, appurtenances and fixtures now or hereafter a part of the property. All repla.cements and additions shall also be covered by this Security InsMxmen� All of the foregoing is referred to in this Security Insttument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed a.nd has the right to grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of record. Borrower warrants a.nd will defend generally the title to the Property against all cla.ims and demands, subject 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 security instrument covering real property. Borrower and Lender covenant and agree as follows: LINIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges 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 a.nd a.ny late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In a.ny year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insura.nce premium to be paid by Lender to the Secretary, or (u) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Bonower's escrow account under the Real Estate 5ettlement Procedures Act of 1974, 12 U.5.C. Sectiott 2601 et seq. and unplemenUing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. HCFG-00703 FHA Deed of TruabNE VMP� Wolte�a Kluwer Flnanclal Servicea 201206184. 7 . 7 .2336-J20120129Y Revisad 4/96 01/12 Page 2 of 10 37 1 8'