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201205173 and has an address of 4801 �'rederica 3treet, O�ensboro, RY 42301 . Borrower owes Lender the principal sum of Oae Hundred Sisty-�ive Thousand N3.:►e Hundred Thirty-Eight sad 00/100ths Dollars (U. S. $165 , 938 . 00 ). This debt is evidenced by Bonower's note dated the same date as thia Security Inslrwment ("Nota"), wluch provides for monthly payments, with the full debt, if not paid eazlier, due and payable on July 01, 2042 . This 5ecurity Instrument s��ues to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and a11 renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of t1�is S�urity Inshvment; and (c) the perfornoanca of Borrow�'s covenants and agr�nts under tlus Sacurity Inslrument and the Note. For this purposa, Barrower urevocably grants and conveys to the Tn�stee, in tivst, with power of sa1e, the following described property located in Hall Coimty, Nebraska: LOT Tffi� (3) , BI.00K TWENTY (20) , I�RNOHAN AND DECF�R' 3 ADDITION TO T�: CITY OF GR1�1ND ISl�IND, BALL COUNTY, NESRASRA Parcel ID Number. 400052229 which has the ad�ess of 1515 W. Graad Island ("Properly Addre,ss"), ist Street [CityJ, Nebraska 68801 [Zip CodeJ lsr��r1 TOGETHER WITH all the in�rovements now or hereafter ere�ted on the propezty, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions sl�all also be covered by this Security �nshiunent. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agreas that MERS holds only legal title to the interests granted by Borrower in this Sc�urity Instrument; but, if necessary to comply with law or custom, MERS, (as nomine,e for Lender and I.ender's succesaors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right to fore�lose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or c�nceling this Security Ins�ment. BORROWER COVENANTS that Borrower is lawfully seize� of the estate hereby conveyad and has tha right to grant and c�nvey the Prop�riy and that the Property is unmcumbered, except for encumbrances of record Bonower warrants and will dafend ganerally the title to the Properiy against all claims and demands, subject to any encambrances of record. THIS SECiJRITY INSTRUMEI�TT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security inshvm�ent covering real proP�Y• Uniform Covenants. Hoaower and I.ender covenant and agree as follows: 1. Paymerrt of Prtncipal� I�tter9est and L.ate Charge. Borrower shell pay when due the sh ll interest on, the debt evidmced by the Note and late charges due under the Note. ('J o� and FHA Mortgage WITH MEHS-NE 2200264660 D V4NNE Revised 4/88 Amended 7/04 y�qp �� VMP4N(NE) (110b) Wo�e Kyma Fl�al gervkes Page 2 of 10