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�0�209350 <br />and agreements. For this purpose, Borrower inevocably grants and conveys to Trustee, in trust, with power of sale, <br />the following described property located in HALL County, Nebraska: <br />SEF EXHIBIT �� A�� ATT'AC�IED II�EE2EI+0 Al�ID BY THIS REFII2IIVCE N�,DE A PART I�RDOF . <br />A.P.N.: 400145480 <br />which has the address of <br />Grand Island <br />[��tY] <br />1913 Park Avenue <br />[Street] <br />, Nebraska 6 8 8 0 3 <br />[Zip Code] <br />("Property Address"): <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appiutenances, and fixtures now or hereafter a part of the properiy. All replacements and additions shall also be <br />covered by this Security Instrument. All of the foregoing is refened to in this Security Instrument as the "Property." <br />Borrower understancls and agrees that MER� holds only legal title to the interests granted by Borrower in this Security <br />Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors <br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to forecAose <br />and sell the Properly; and to take any action required of Lender including, but not limited to, releasing or canceling <br />this Security Instrument. <br />. BORROWER COYENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to <br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower <br />warrants and will defend generally the title to the Property against all claims and demands, subject to any <br />encumbrances of record. <br />THIS SECURIT'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property. <br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest and Late Charge. Bonower shall pay when due the principal of, and <br />interest on, the debt evidenced by the Note and late charges due under the Note. <br />2. Monthly Payment of Tazes, Insurance, and Other Charges. Bonower shall include in each monthly <br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and <br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the <br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a <br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in <br />wi►ich such premium would have been required if Lender still held the Security Instrument, each monthly payment <br />shal l also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretfuy, <br />or (i i) a mont}►ly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secret�ry, <br />in a reasonable amount to be determined by the Secretary. Except for the monthly chazge by the Secretary, these items <br />are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." <br />Lender may, at any time, collect and hold amounts f�r Escrow Items in an aggregate amount not to exceed the <br />maaimum amount that may be required f�or Bonower's escrow account under the Real Estate Settlement Procedures <br />Act of 1974, 12 U. S. C. §2601 et sea, and implementing rewlations, 24 CFR Part 3500, as they may be amended <br />FHA. NEBRASKA D� OF TRUST - MERS <br />NmOTZ.FHA 07/03/�12 <br />Page 2 of 9 <br />D�fag►c Q,� <br />www.docmagic. com <br />� �, " <br />� <br />