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201205460 is evidenced by Borrower's note dated the same date as this Security Instivment ("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 all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agreements under this Se,curity 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 located in H a 11 County, Nebraska: Lot Thirty-Five (35), Block Four (4). Pleasant View Addition to the City of Grand Island, Hall County, Nebraska. ParcellD Number:40007932I which has the address of 822 E Phoeni x Ave [StreetJ Grand Is1 and [C'rxyj, Nebraska 6880� [Zip Code] ("Froperty Address"); TOGETHER WITH all the improve�cents now or here�fter erected on the property, aaud a11 easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by ttus Security Insavment. All of the foregoiIIg is referred to in this Security Instcument as the M II ��i�. 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 Pro�ty is imencvmbered, except for encumbrances of record. �rrower warrants and will defend generally the title to the Properly against all claims anci 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 consritute a uniform security instrument crovering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 7. Payment of Principal, lnterest and Late Charge. 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 and any late charges, a sum for (a) taxes and spe,cial 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 ��y y� � which the Lender must pay a mortgage insurance premium to the 5ecretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender srill 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 Page 2 of 10