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<br /> �, af Bonower's covenants and agreements under this Securjty lnstrumenc and the Note. For thls purpose, Bonower
<br /> �'�:_--
<br />-, �.. inevocably grants and conveys ro the Trustee, in trust,with power of sale, the following described property located �.
<br /> •' ln HALL County, Nebraska: :�_
<br /> �. LOT SEUEN (7) IN BLOCK FQUR {4} IN CLAUSSEN C�UNTRY V1FW ADDI7ION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> �` which has the address of 926 CLAUSSEN AVENUE�GRAND ISLAND lstreee,cicy], _ _
<br /> � Nebraska 68801 [ziP code) ("Propeny Address"); "`
<br /> , � TOGETHER WITH all the improvements now or hereafter er�ctetl on the property, and all easements, �'
<br />- Appurtenances and Gxtures now or hereafter a part of the propeny. All replacements and additions shall also 6e _
<br /> covered by this Secur�ty Instrument.All of the foregoing is refened to in this Security I�strument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seized of thc estate hereby conveyed and has the rlght to
<br /> - � - grant and convey the Property aad chat the Propeny is unencumbered, eaccpt fu, encu�r,bran�s of r�;ord. ;�rrcwc:
<br />_r`, : warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br /> ' encumbrances of record.
<br />_ :�..
<br /> � � • THIS SECURITY INSTRUMENT combincs uniform covenants for national use and non-uniform covena��ts = _ _
<br />-F.y' with limited variations by JurIsdiction to constitute a uniform securiry instrument cavering real property.
<br /> �ti�;,. ,�' Borrower and Lender covenant and agree as follows;
<br />_ �' UNIFORM COVENANTS.
<br />��. ,�.
<br />;,�.;�„', 1. Payment oP Princtpnl, Interest and Late Charge. Bonower shall pay when due the principal of, and -_
<br />- ,;,K interest on, the debt evidenced by the Note and late charges due under the Note.
<br />�ry;�_y.':�'�,n � Z. Monthly Payment ot Taxes, Insurance and Other Charges. Bonower shall include in each monthly
<br />--,;?.. . •` payment,together�vith the principal and interest as set forth in the Note and any late charges,a sum for(a) t�es and
<br /> � special assessmena levied or to bc levied against the Property, (b) leasehold paymeats or grouad rents on the —
<br /> Property, and(c)premiums for insurance required under pazagraph 4. In any year in which the I.ender must pay a -
<br /> mortgage insurance premium to the Secretary of Housing and Urban Development("Secretary"), or in any year in
<br /> n-'" . whlch such premium would have been required if L.ender still held the Security Instrument, each monthly payment m�--
<br />_ '' ' shall also include either: (i)a sum far the annual mortgage insurance premium to be paid by Lender to the Secretary, __.
<br />`" -..:�. or(ii)a monthly charge instead of a mortgage insurance premium if this Security Instrument{s held by the Secretary, =�
<br /> '..�'"�" in a rcasonable amount to be dctermined by the Secretary. Except for thc monthly charge by the Secretary, thesc ___
<br /> - �. .. items arc called "Escrow Items'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 exceeci the
<br />- ma�cimum amount that may be required for Bonower's escrow account under the Real Estate Settlement Prceedures -
<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 /> disburscmcnts or disburscments before the Borrowcr's payments arc available in the account may not be based on =
<br /> ; � nmounts due for the mor�gage insurance premium. :;,.
<br /> " � ��4RINE)�scoai.o� P000 z o�e m�u��a: r.L�.
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