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� i � ' t. and agreements. For this putpose, Borrower irtevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in HALL County, Nebraska: IOT '1�T (10) , BTC)CZC 'ITAD (2) , N�22S AZIDl'I'IC1V, C�2�ID IS�C.Al�ID. HALL Q�ATIY, 1�?ASI�1 A.P.N.: 400063743 which has the address of GR.AND I SLAND ICin'l 121 W. 19TH STREET [Street) , Nebraska 6 8 8 01 ("Property Address"): [L� ��] TOGETHER WITH all the improvements now or hereafter erected on the properiy, and a11 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." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower 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 ittterests, including, but not limited 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 Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record. Bonower warrants and will defend generally the title to the Property against all claims and dema.nds, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for narional use and non-uniform covenan�s with limited variarions 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 interest on, the debt evidenced by the Note and late charges due under the Note. Z. MontLly Payment of Tazes, 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 chazges, a sum for (a) taaces 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 yeaz in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insutance premium to be paid by Lender to the Secretary, or (ii) a monthly chazge instead of a mortgage insurance premium if this Security Instrument is field by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items aze called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Bonower' s escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. §2601 et se . and implementing regulations, 24 CFR Part 3500, as they may be amended FHA NEBRASKA D� OF TRUST - MERS DodYlegle� Nm07Z.FHA 07/03/12 Page 2 of 9 www.docmagtc.com �IuII�IIIIIU II�IIIIII�IIIIIIIIIIIIIII�IIIIII�IIII