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�0�20$�3� is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on NOVII�ER Ol, 2092 . This Security Instrument 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)•t�.e payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instnxment and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in HALL County, Nebraska: LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF Lot Ten �1� �LeHei�hts FourthSubdivision in the city of Grand Island PAOVISIONS PE T 1�IN6 TO RELEASES ARE CONTAINED �N THE REHABILITATION LOAN RIDER WBICH IS ATTACHFD TO THIS MORTGAGE AND MADE A PART �REOF THIS IS A PURCHASE MONEY 3ECORITY INSTRUMENT. TAX STATEN�NTS SHOULD BE SENT TO: WELLS FARGO 80ME MORTGAGE, P.O. BOX 11758, NEWARR, NJ 071014758 Parcel ID Number: which has the address of 4233 RAY AVE [StreetJ GRAND ISLAND [CityJ, Nebraska 68803 [Zip CodeJ ("Property Address"), TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixhues now or hereafter a part of th�riroperty. All replacements and additions shall also be covered by this Security Inslxument. All of the foregding is referred to in this Security Instrument as the ��property " 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 Properly is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Propetty against all claims and demands, subject to any encumbrances of record. THIS SECURTl'Y INSTRi]MENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniforrrl CovenBnts.Borrower and Lender covenant and agree as follows: 1. Payment of Principal,lnt�rest and Late Charge. Boaower 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, Insuranceand Other Charges.Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late chargea, 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 year 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 Instnunent, each monthly payment shall also include either: (i) a sum for the annual :a. FHA Deed of Trust-NE ;�;�:�. , 4/98 VMP � - • VMP4R(NE) (110b).00 Woltew Kluwer Fnancfal Servicea Page 2 of 10