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20120553� is evidenced by Borrower's note dated the same date as this Security Insirument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on N�Y 01, 2042 . This Securiry Instrument secures to Lender: (a) the repayment of the debt evidenced by the Nate, 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 securiry of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Securiry 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 uAr Counry Nebraska: LOT FIVE (5) IN BLOCR ETGHT (8), IN SCHINIl�tER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COIINTY, NEBRASRA, AS SIIRVEXED, PLATTED AND RECOR.DED. THIS IS A PIIRCHASE MONEY SECORTTY INSTRIIMENT. TAX STATEMENTS SHOULD HE SENT T0: WELLS FARGO HOME MORTGAGL, P.O. SOX 11758, NTsWARR, NJ 071Q14758 Parcel ID Number. which has the addrass of 523 W 14Ti3 ST [StreetJ GRAND ISLAND [CityJ, Nebraska 68801 [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Securiry Instrument. All of tfie foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Bonower is lawfullq seized of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Praperty is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY TNSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interast on, the debt evidenced by the Note and late charges due under the Note. Z. 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 gronnd rents on the Property, and (c) premiums for insurance 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 ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shal] also include either: (i) a sum for the annual FHA Dead of Truet-NE 4/98 VMP � VMP4RINE1 11106).00 Woltara Kluwar Fireenciel Servicae PeBa 2 of 10