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��Q�� This debt 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 N o v e m b e r 1. 2 0 4 2 . 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) the payment of all other sums, with interest, advanced under pazagraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower inevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Ten (10), Block Two (2). Capital Heights Third Subdivision, in the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400153386 which has the address of 4 2 0 2 V e r m o n t A v e n u e [street] G r d n d I s 1 a n d [city�, Nebraska 68803 [Zip Code] ( "Property Address"); TOGETHER WITH a11 the improvements 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 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 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 a11 of those interests, including, but not limited to, the right to foreclose and sell the Properiy; and to take any action required of Lender includi.ng, 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. Borrower warrants and will defend generally the title to the Property agai.nst all claims and demands, subject to any encumbrances of record. THIS SECURIT'Y 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. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Bonower sha11 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 Tages, Insurance and Other Charges. Borrower shall include in ea.ch 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 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 Instcument, each monthly payment sha11 also include either: (i) a sum for the annual mortgage insurance prexnium to be paid by Lender to the Secretary, or (u) a monthly charge instead of a mortgage insurance premium if tlus Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly chazge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds." 12-08-000188 �-4N(NE) �oao7� Page2 of 8 � ��5� ��