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20�207079 performance of Borrower's covenants and agreements under this Security Insirument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in ttust, with power of sale, the following described property located in Hall County, Nebraska: Lot One (1), Le Heights Fourth Subdivision, in the City of Grand Island, Hall County, Nebraska.. Parcel ID Number: 400157950 wluch has the address of 4204 Kay AVE [Street], Grand Island [City], Nebraska 68803 [Zip Code] ("Property Address"); TOGETHER WITH all the unprovements now or hereafter erected on the properly, and all easements, appurtenances and fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Security Insttument. All of the foregoing is refened to in this Security Instrument as the "Properly." BORROWER COVENANT5 that Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properly and that the Properiy 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 INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges 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 a.nd special assessments levied or to be levied against the Properly, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insura.nce premium to the 5ecretaty of Housing and Urban Development ("Secretary"), or in any year in wluch such premium would have been required if Lender still held the 5ecurity Instrument, each monthly payment sha.11 also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Securiiy Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are 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 a.mount not to exceed the maacimum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. HCFG-00703 FHA Daed of Trust-NE Revised 4196 VMP� OM12 Woltew Kluwer Financial Servicea 201208234.1.1.2336-J20120529Y Page 2 oi 10 b 1 8'