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2o��ossb� and has an address of 1 Mortgage Way, Mount Laurel, NJ 08054 . Borrower owes Lender the principal sum of One Hundred Forty-Three Thousand Three Hundred Fifty-Five Dollars and Zero Cents Dollazs (iJ S. $ 5143,355 ). This debt is evidenced by Borrower's note dated the sante date as this Security Instrument ("Note"), which provides for monthly payments, with the full dabt, if not paid earlier, due and payable on September Ol, 2042 . This Security Tnstrument 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 Bortower' s covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably gtants and conveys to the Trustee, in trust, with power of sa1e, the following described property located in HALL County, Nebraska: Lot Twenty—three (23), R& B 3econd Subdivision, in the City of Grand Island, Hall County, Nebraska Parcel ID Number. which has the address of GRAND ISLAND ("Property Address"); 1612 ZOLA COURT [CityJ, Nebraska 68803 [Zip Code] jStreet] TOGETHER WITH all the improvements now or hezeafter erected on the property, and aII 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 "Property." Bortower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender' s successors and assigns), has the right: to exercise any or all of those interests, incIuding, but not lunited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. 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 Property is unencumbered, except for encumbrances of record. Bonower watrants and will defend generaily the title to the Property against al] claims and demands, subject to azry encumbrances of record. THIS SECURITY INSTRITMENT combines unifortn covenants for national use and non-uniform covenants with limited variations by jurisdicrion to constitute a uniform security instrument covering real properiy. Uniform Covenants. Borrower and Lender covenant and agr� as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and late chazges due undet the Note. ni6a6isa6 FHA Mortgege WRH M6t5-NE laevhed 4l98 YA7P � VMP4N(N� (7108) Woflera Kluwer Fineneiel Servieas Pege 2 of 70