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201205459 is evidenced by Borrower's note dated the same date as this Security 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 42 . 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 a11 other sums, with interest, advanced under pazagraph 7 to protect the security of this S�urity Instrument; and (c) the performance of Bonower's covenants and agreements under this S�urity Instnunent and the Note. For this purpose, Borrower irtevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Two Hundred Forty (240) and the South Thirteen and One Third Feet (13 1/3') of Lot Two Hundred Thirty Nine (239), in Belmont, an Addition to the City of Grand Island. Hall County, Nebraska. Parcet ID Number:40001807I wluch has the address of 312 N C u ster �4ve [Street] Grand Isl and [�tyJ, Nebraska 68903 [Zip Code] ("Ptoperty Address"); TOC'sE'IT�ER �VITI� all the improvements aow or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a gart of the properly. .4t1 replaeements anct additions sbalI also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instniment as the A �'{� M C' ' BORROWER COVEI�ANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Froperty and tt�at the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properiy against alI claims and demands, subject to any encumbrances of record. THIS 5ECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security inst�vment covering real property. Uniform Covenants. Borrower and Lender covenant and agr� as follows: 1. Payment of Principal, Interest and Late Charge. Bonower 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 and any 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 in�,�,�nce required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Seeretary"), 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 FHA Deed of Trust-NE 4/98 VMP � VMP4R(NE) (1109) Wolters Kluwer Financial Services Paga 2 of 10