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201205311 and has an adck�s of 4801 Frederica 3treet, O�easboro, RY 42301 . Borrower owes I.ender the priacipal sum of Ninety-Three Thousaad Two Hundred 3eveaty-Na.ae aad 00/100ths Dollars (LJ.S. $93,279.00 ). This debt is evidenced by Boaower' s note dated the saz� date as this Security Instrument (°Note"), wluch provides for monthly payments, with the full debt, if not paid earlier, due and payable on July 01, 2042 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with i�er�t, �vanced under paragraph 7 to protect the s�urity of tlus Security Instrument; and (c) the performfmce of Borrower's covenants and agreements under this Security Instrument and the Nota. For this purpose, Bonower irrevocably grants and conveys to the Tn�ste,e, in tcvst, with power of sa1e, the following descdbed property loc�ted in Hall County, Nebraska: LOT 3EVENTEEN (17), BLOCR ONE (1), 1��VES �IRST ADDITION TO '1'� CITY OF GRAND IS7�1ND, HALL COUNTY, I�BRASKA. Paroe11D Number: 400062178 wluch has the address of 636 MacArthur Aveaue [S�'�� Graad Islaad [CiiyJ, Nebraska 68801 [Zip CodeJ ("Properly Ad�ess"); TOGETHER WITH all the inoprovements now or hareafter erected on the properiy, and all easements, appurtenances and fixtures now or hereafter a part of the properiy. All replacements and additions sha11 also be covered by this Security Instmm�ent. All of the foregoing is referred to in this Security Instnm�nt as the "Properiy." Borrower understands and agrees that MERS holds only legal titla to the intere.4ts granted by Borrowar in this Security Ins�t; but, if ner,essary to cromply with law or custom, MERS, (as nominee for Lender and Lender' s succe,gsors and assigns), has tha right: to axercise any or all of those interasts, including, but not limited to, the right to foreclose and sell the Proparty; and to take any action required of Lender including, but not limited to, releasing or canceling tUis S�urity Instiiunent. BORROWER COVENANTS that Borrower is lawFully saizad of the estata hareby conveyed and has the right to grant and convey the Property and that tha Properiy is unancumber�, except for encumbrances of record. Borrower warrants and will defend generally the title to the ProPertp against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMIINT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real propecty. Uniform Covenants. Borrower and Lender covenant and agre,e as follows: 1. Pay.merrt of Princlpal, Interest and Lett� Ch�rge. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and late charges due under the Note. aaoos�2»e D V4NNE FHA Mortgage VYITH MERS-NE Revised 4188 Mrended 7/04 yMp � VMP4N(NE) (1706) W� �� y� Page 2 oi 10 ,� b.� GJ��'� ,