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20120570� is evidenced by Bonower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid eazlier, due and payable on AIIGVST 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 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 Security Instn�ment and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in mist, with power of sale, the following described property located in s2wL County, Nebraska: LOT THIRT88DT (13), AN�'RICAN INDBPffiQDSNCE SIIBDIVISION, IN THB CITY OF GRAND ISLAND, HALL COIINTY, NEBRA3RA. THIS IS A PIIRCHASI4 MONEY 3ECIIRITY IN3TRII1�I�TT. TAX 3TATSN�N'PS 3HOIILD BL SSNT TO: W8LL3 FARGO HOME MORTGAGB, P.O. BOX 11758, NLWARK, NJ 071014758 Parcel ID Number: which has the address of 1316 GRAND ISLAND ("Property Address"); AVE [City], Nebraska 68803 [Zip CodeJ [StreetJ 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 Security Instrument. All of the foregoing is referred to in this Security Instrument as the ��, n BORROWER COVENANTS that Borrower is lawfiilly seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properiy against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variarions by jurisdiction to consritute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Princip�l, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late chazges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Bonower 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 insurance required under pazagraph 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 peen required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual FHA Deed of Truet-NE VMP � Woltere Kluwer Financial Services �� i � i , ' � 4/98 VMP4RINE) (110b).00 Page 2 of 10