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<br /> '`�� of Bonawcr's covcnanG9 and agrr,cmenGs undcr thls 5ecurity Inswment and thc Notc. For this purpo�c, Bonawcr ,``
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<br /> ������ irrcvacably grants nnd convcys to thc Trustec, in vust,with powar of salc,thc follawing dcscribcd properry locuted in _
<br /> gp,I,L Caunty,Ncbraska:
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<br /> Z LOT SEVEN (7) IN BLOCK TWO (2) IN EVXINS ADDITION TO THE CITY OF l3RANT�
<br /> � ,. . _�: ISLAND, HALL COUNTY, NEBRASKA. _--
<br /> � • ,
<br /> . � which has the address of 908 EAST 6TH STREET, C3RAND ISLAND [Scrcc[,City]. �--_
<br /> Nebraska 6 B e o i (zip coa�) ("Praperty Address");
<br /> ~�� TOtTETHER WITH all the improvcments now or hercaftcr crected on thc properry, and aU easements, �
<br /> : app�rceaances and fixtures now or hereafter a part of!he pr�p�.�ty.All replacements and addidons shaU also be coveretl �
<br /> _._._:� . by this Security InstrumenG All of ihe foregoing is referrad to in U��s Security Instrument as the"Property." _
<br /> � BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby wnveyed and has ihe rigi�i tu __
<br /> grant a��d convey the Properly and that the Preperty is unencumbered,except Cor encumbrances of record. Borrower
<br /> " Warra�tts and will defend generaUy the dtle to the Property against all claims and demands,subjcct to any cncumbrances �
<br /> � of record. `_'�
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for nedonal use end non•uniform covenants with ;_-
<br /> . � � limited variadons by jurisdiction to constitute a unifortn securiry instrument wvering real property. —
<br /> ' , Boaower and I.cndcr covcnant snd ag�cc as follows: ��;;
<br />� b.
<br />- UNIFORM COVENANTS. _.
<br /> . • � 1.Payment ot Principal,Int.erest and Late Charge.Borrower shall pay when duc thc principal of,and intcccst
<br /> � on,thc debt eviden�ed by thc Notc and latc charges duc undcr thc Notc.
<br /> ' 2.Monthly Payment of Taxes,Insurance and Other Charges.Borrower shall u►clude in each monthly payment,
<br /> � together with the principal end interest as set forth in the Note and any late charges,a sum for(a) ta�ces and specisil
<br /> • assessments levied or to bc levied aga�nst the Property,(b)leaseholJ payments ar ground rents on the Propc�ny,and(c) -- ---
<br /> • � prcmiums for insurance requ'vccl under paragraph 4. In any year in which the Lender must pay a mortgage insurance _
<br /> �, premium w lhc Secretary of Hausing and Urban Dcvelopmcnt ("Secrctary"), or in any ycar in which such premtum 6
<br />= • would have been required if Lender sull hcld thc Sccurity Instrun�ent,cach monthly paymcnt shall also includc either:(i) _
<br /> � a sum ior the annual mortgagc insurancc premium to be paid by Lender to the Sccretary,or(u)a monQily chazgc instead _ _
<br /> • of a mortgege insurance pmmium if this Securiry :nslrument is held by the Secretary, in a rrasonable amount w be f_
<br />-• �etermined by the Secretary. Except Eor the monthly charge by the Secretsuy,thase items are called'"Escrow Items"and � �.:. _
<br /> • thc sums paid to Lcndcr arc called"Escrow Funds."
<br /> - . I.ender may,at any dme,collect and hold amounts for Escrow Items in an aggregate amounr not to exceed the ' �:,i.
<br /> ' maximum amount that may be requimd for Bonower's escrow account under the Real Estate Setdement Procedures Act r,T
<br /> ,� of 1974, 12 U.S.C. Sccuon 2601 et seq.and implcmenung reguladons, ?A CFR Part 3500,as thcy may bc amended • ��:%?:T-.
<br /> ��+ from ume to ume("RESPA"),except that the cushion or reserve permitud by RESPA for unanucipated disbursements
<br /> � or disbursements before thc Borrower's paymcnts arc available in the account may not Ue based on�Amounts due for thc _
<br /> ; mortgabe insurance premium. .
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<br /> �4R(NE)lseoq.oi veye2o�e inivaio: ,
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