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Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />May 1, 2043. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants
<br />and conveys to the Trustee, in trust, with power of sale, the following described property located in HALL County,
<br />Nebraska:
<br />LOT FOUR (4), YATES SECOND SUBDIVISION, IN THE VILLAGE OF DONIPHAN, HALL
<br />COUNTY, NEBRASKA.
<br />Parcel ID Number: 400306689
<br />which has the address of: 308 N 2ND ST
<br />DONIPHAN, NEBRASKA 68832, ( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered
<br />by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MERS 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 foreclose
<br />and sell the Property; and to take any action required of Lender, including, but not limited to, releasing or canceling this
<br />Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized 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 encumbrances
<br />of record.
<br />THIS SECURITY 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. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br />on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment,
<br />together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
<br />assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br />premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance
<br />premium to the Secretary of Housing and Urban Development ( "Secretary"), or in any year in which such premium
<br />would have been required if Lender still held the Security Instrument, each monthly payment shall also include either:
<br />(i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge
<br />instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to
<br />be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items"
<br />and the sums paid to Lender are called "Escrow Funds."
<br />Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
<br />maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures
<br />Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 12 CFR Part 1024, as they may be amended
<br />FHA Nebraska Deed of Trust with MERS — 4/96
<br />IDS, Inc.
<br />Page 2 of 8
<br />Borrower(s) Initials C 1 L, 4/,
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