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�Q1�0��0 and has an address of 4801 Frederica 3treet, OvPensboro, RY 42301 . Borrower owes Lender the principal sum of Eiqhty Thousarid Niae Sundred Fifty-Six aad 00/100ths Dollars (LT. S. $ 80 , 956 . 00 ). Tlus debt is evidenced by Borrower's note dated the same date as tlus Sec��rity Instmm�ent ("Note"), wluch provides for �nthly payments, with the full debt, if not paid earlier, due and payable on August Ol , 2027 . This S��j� Tnatnmien� g��eg t0 L8II(�T (a) the repayment of the debt evidenced by the Nots, with interest, and all renewals, extensions and �difications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to prot�t the security of this Security Inslrument; and (c) the performanca of Horrower' s covenants and agr�ts under this Security Instrument and the Note. For this purpose, Bonower irrevacably grants and conveys to the Tn�ste,e, in trust, with power of sa1e, the following descn'bed properiy la�t� in Hall Cownty, Nebraska: LOT TWO (2), SLOCR 3IXTE�i (16), RUS3EL �R'S ADDITION TO T8� CITY OF GRAND I3LAND, BALL CODNTY, NESRASRA Parcel ID Number: 400120577 wluch has the address of 307 W. Grand Island ("PTOp�ity A�tP,S9"�i lOth 3treet [GityJ, Nebraska 68801 [zip CodeJ !s�'�I TOGETI�R WITH all tha improvements now or hereaft� erecte� on the property, and all e,asements, aPPurtenances and fixtures now ar hereafter a part of the property. All replacements and additions shall also be covered by t1�is Sc�urity Inshrument. All of the foregoing is referred to in this 5ecurity �nstru�nt as the "Property." Borrower understands and agr�s that NIERS holds only legal title to the interests granted by Borrower in ttus Security Instrument; but, if nacessary to comply with law or custom, MERS, (as nominee for I,ender and Lender' s successors and assigns), has the right: to elcercise any ar a11 of those intsrests, including, but not limited tq the right to for�lose and sell the Propeily; and to take any action renuired of Lender including, but not limit� to, releasing or canceling ttus Security �nstrument. 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 Properiy is unencumbered, except for encumbrances of r�ord Borrower warrants and will defend generally the title to the Property against a11 claims and 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 constitute a uniform security instrvmeat covering real property. Untform Covenants. Borrower and Lender covenant and agree as follows: 1. Paym�nt of Principal, Interest and I�te Charge. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and la.ta cherges due under the Note. 2200233183 D V4NNE FHA Mortgage WITH MERSNE Reviaed 4/88 Amended 7l04 yMp �� VMP4N�NE) (1706) Wolters Kluwer Rn�del Services Page 2 of 10 � � � �