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�o�2o�z49 and agreements. For this purpose, Bortower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described properiy located in HALL County, Nebraska: IDT PT�I'Y-'IHI2EE (43) , C�PITAi� I�C��1'S SE'�III�TIII SC�IVISI�T IN HAi� CXA]l�TlY, 1�ASKP, A.P.N.: 400154544 which has the address of GR.AND ISLAND [��tY] 4258 NEVADA AVENUE [streec] , Nebraska 6 8 8 0 3 ("Property Address"): [�� l TOGETHER WITH all the unprovements 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 5ecurity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Bonower understands and agrees that MER5 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 interests, 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 Propetty is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the ritle to the Property against all claims and demands, subject to any encumbrances of record T'HIS 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. UNIFORM COVENANTS. Bonower 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 chazges due under the Note. 2. Monthly Payment of Tazes, Insurance, and Other C6arges. Borrower 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 paragraph 4. In any yeaz 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 been required if Lender still held the Security Instrument, each monthly payment shall 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 Security 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 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 Rea1 Estate Settlement Procedures Act of 1974, 12 U. S.C. §2601 et sea. and implementing regularions, 24 CFR Part 3500, as they may be amended FHA NEBRASKA D� OF TRUST - MERS �dNeg/c � Nm07Z.FHA 07/03/12 Page 2 of 9 www.docmagic.com �IIIIIII IIII III III�I IIII I I II I II II I I IIIIII IIIIII II I III