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<br /> . � 97-. i105'71 �,�
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<br /> .;��,� of Borrower's wvenants and agrcements undcr this Security Instrumcnt a�id �he Notc. For this purposc. Rorrower ;.,,+.__
<br /> ,��, � irrevocably grants and conveys ro the Trustee,in tntst,with power of sale, the following described property tocated __ _
<br /> Hal l County,Nebraska:
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<br /> The Southerly Sixty-eight (68') Feet of Lots Seven (7) and Eight (8), Block .;;
<br /> �`� Four (4), in Vine Hill Addition to the City of Grand Island, Hall County,
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<br /> , Nebraska. �_'---
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<br /> � [Slrcet.CityL -'rJ
<br /> � � which has the address of 724 $. Curti s Street,Grand I sl and
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<br /> � Nebraska 68803 (z�p coae� ('Property Address"); =_
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<br /> TOGETHER WITH all the improvements now or hereafter erected on the properry, and all easewents, _
<br /> appunenances and fiatures now or hereafter a part of the properry. All replacements and additions shall also be -
<br /> � covered by this Security Instrument.All of the foregoing is refened to in this Security Instrument es the "Properry."
<br /> BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyecl and has the rlght to
<br /> �� grant and convey the Property and that the Ptoperty is unencumbered, except for encumbrances of recnrd.Barrower =
<br />----____ uarryzs° snd will defrnd eenerally the title to the Property against al1 claims and demands, subject to any
<br /> • encumbrances of record.
<br />� r THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />- widi limited variations by jurisdiction to constitute a uniform security instrument covering real progerty.
<br /> Bonower and Lender coveaant and agree as follows:
<br />-. UNIFORM COVENANTS.
<br />- 1. Peyment of Principal, Interest and Late Charge. Bonower shall pay when due the pdncipal of, and
<br /> .� interest on,the debt evidenced by the Note and late chazges due under the Note. !
<br /> 2. Monthiy Poyment ot Texes, Insurance and Other Charges. Borrower shall include in each monthly
<br />- payment,together with the principal and interest as set forth in the Note and any late chuges, a sum for(s)ta�ces and
<br /> special assessments levied or to be levied agalnst the Propeny, (b) leasehold payments or grvund rents on the
<br />� ' Property, and(c)premiums for insurance required under paragraph 4. In any yeaz in which the Lender must pay a
<br /> mortgage insurance premium ro the Secretary of Housing and Urban Development ("Secretary"). or in any year in
<br /> � wUlch such premium would havP been required if Lender still held the Security Instrument, each monthly payment
<br /> shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the S�retary.
<br />_ , or(li)a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br /> - - in a reasonable amount to be determined by the Secmtary. Except for the monthly charge by the Secretaay, chese
<br /> _ � items ue called "Escrow Items" and the sums paid to Lender ue called"Escrow Funds."
<br /> Lender muy, at any cime,collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
<br /> maxtmum amount that may be required for B�nower's escrow account under the Real Estate Settlement Procedures
<br /> � Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be �_
<br /> amended from time to time ('RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated --
<br /> disbursements or disbursements before the Bonower's payments aze available in the account may not be based on �;_-
<br /> amounts due for the mortgage insurance premium. �'�'
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<br /> ' �-4RINE1 isaoai.o� ra9e 2 oi e �n�'�
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