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�0�2092�� and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in irust, with power of sa1e, the following described property located in HALL Couniy, Nebraska: IDI' 9, �OQC 2, 3�JJlEE�T PLRES P�T'IO'II� CTIY CF' C�D ISCPI�D, I�i.L Qz1�IIY, 1�� APN. : 400093]38 which has the address of GRAND ISLAND [city] 2607 COCHIN ST [5treet) , Nebraska 6 8 8 01 ("Properiy Address"): [Z�n ��] TOGETHER WITH all the improvements now or hereafter erected on the properly, and all easements, apputtenances, 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." Bonower understands and agrees that MERS holds only legal ritle to the interests granted by Bonower in tlus 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 Properly; and to take any action required of Lender including, but not ]imited to, releasing or canceling this Security Insmament. 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 Property is unencumbered, except for encumbrances of record Bonower wanants 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 variarions by jutisdicrion to constitute a uniform security instrurnent covering real properly. UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note attd late charges due under the Note. 2. Monthly Payment of Tazes, 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 chazges, 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 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 insurance 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 held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthiy cfiazge by the Secretary, these items aze called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds." Lender may, at any time, collect and hold aznounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Rea1 Estate Settlement Procedures Act of 1974, 12 U.S.C. §2601 et se . and implementing regularions, 24 CFR Part 3500, as they may be amended FHA N�RASKA D� OF TRUST - MfftS DoeMegle � NmOTL.FHA 07/03/12 Page 2 ot 9 www.doanagk.com