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<br /> of Borrower'a covenents and agreemeau under this Secudty Inatnunent And tho Note.For this purpose. Barrower
<br /> irrevocably granta wd conveys to tbe Tzusta, In trust,wtth power of ettlle, the following deu:ribed properry located
<br /> in H811 County.Nebnska;
<br /> Lot Nine (9), 9n Block Thirty-two (32), in Packer and Barr's Second Addition to
<br /> the City of Grand Island, Mall County, Nebraska
<br /> which ha�the address of 207 N. Darr,Grand I sl and �$"'���'`�'��
<br /> Nebraska 68803 [zip coael ("Property Addnss");
<br /> TOOETHER WITH all the Improvements now ar hereafter erocted on the property. aad all epsements,
<br /> appurtenances and fixtuns now or henaftar a part of the property. A11 replacements and addit�ons sh�ll �leo be
<br /> covend by this Securiry Instrument.All of the fongoipg is nferral to W this Securlry Instrument as d►e"PcoPeny."
<br /> BORROWER COVBNANTS tlut Borrower is lawfully seized of the estatc henby conveyed and ha�the r�ght to
<br /> grsat�sd san:�;shs Pm�rt;a�! tha*-the�?�*�Y is unencumbered.except for eacumbrances of noord.Borrower
<br /> warraats and will defend generally the title to the Property agalnst all claims and dem�uds. subject to any
<br /> encumbrmces of rocord.
<br /> THIS SECURITY INSTRUMBNT combines uniform covenants �'or nAtional use and non-uniform oovenanu
<br /> wtth limited variuiona by Jurisdletiat to constituu a unifocro security insm�a�nt covering rral pmperty.
<br /> Borrower and i,ender coveaactt md Agree as foAows:
<br /> UNIFORM COVENANTS.
<br /> 1. 1'��aeat oi 1Mnclpat� antere�t swu �te �twrge. �orcower ahaii pay wnrn dun wc p�ux:Ip«t uf, �uri
<br /> interest oa,the debt ev[denced by�e Note and late charges due under the Note.
<br /> Z. Mont6ly Paymwt oi Tsuus. Inaur�nce and Other CLarges. Borrower ahall include in each montLly
<br /> psyment,together w(th the principal and interest as aet forth ia tl�se Nota aad wy late ct�rga.a sum for(a)taxa and
<br /> spectal asseasmeuts levial or ro lx leviod against the Propercy. (b) leasehold payments pr gtrwnd r�ncs at the
<br /> propertY, and(c)Premiums for inaurance required under paragnph 4. Ja any year in whlch the Lender muat pay t
<br /> mortgage ioaur�aoe premium to the Secretary of Houatng and Urbin Developmeat('Secntary"). or ia my yeu in
<br /> wh�ch euch premium would have baea tequired if I.ender still 6eld the Securtcy In:trumeat. e�ch moadily piymenc
<br /> ahall alao iaclude either:(i)a aum for the annual mortgage insureua premiun►to be patd by I.ender to the Socretary,
<br /> or(ii) a monthly charge instead of�mortgage insurance premium if this Secudty Instrua�ent ia held by the Sxeretuy,
<br /> in a reuon�ble�mount to be determincd by the Secretary. Except for the montWy chargo by the Secretuy,thde
<br /> items are c,�lled"Eacrow Itcros'aad the sums paid to I.ender are called"Esccow Funds.'
<br /> I.er�fer uu�y� at any time,collect and hold amouats for Escrow Items in aa aggregate anwunt not to eacad tlu
<br /> maximum amount tbu may be soquired for Borrower's escmw�ccount under the Real Est�te Settleaaent Procedures
<br /> Act of 1974. 1.2 U.S.C. Soction 1601 tt seq. and impleroenting regulatIons. 24 CPR Part 3500, as th�.y mry be
<br /> ' amended from time to time ("RESPA"). except that the cust►ioa or reserve permitted by RPSPA for un�aticipated
<br /> disbursements or disbursemenU betore the Bornower's payments are avatlable in the accouat may not be basa! oa
<br /> amounts due for the mortgage insunuce premium.
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