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monthly payments, with the full debt, if not paid earlier, due and payable on OCTOBER 1, 2044. This
<br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest,
<br />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
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower, in consideration of the debt and the trust herein created, irrevocably grants and conveys to Trustee,
<br />in trust, with power of sale, the following described property located in HALL County, Nebraska:
<br />LOT TWO (2), BLUHM SUBDIVISION, HALL COUNTY, NEBRASKA
<br />which has the address of 3020 NORTH WEBB ROAD, GRAND ISLAND, NE 68803 -1346 ( "Property
<br />Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil, and gas rights and profits, water rights and stock and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this
<br />Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this
<br />Security Instrument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and
<br />Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not
<br />limited to, the right to foreclose and sell the Property; and to take any action required of Lender including,
<br />but not limited to, releasing or canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the
<br />right to mortgage, grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />201406252
<br />7005000670
<br />1. Payment of Principal, Interest and Late Charge
<br />Borrower shall promptly pay when due the principal of, and interest on, the debt evidenced by the Note
<br />and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges
<br />Borrower shall include in each monthly payment, together with the principal and interest as set forth in
<br />the Note and any late charges, a sum for
<br />(a) taxes and special assessments levied or to be levied against the Property,
<br />(b) leasehold payments or ground rents on the Property, and
<br />(c) premiums for insurance required under Paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ( "Secretary"), or
<br />in any year in which such premium would have been required if Lender still held the Security
<br />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
<br />(ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by
<br />FHA Nebraska Deed of Trust -12/13
<br />391.31 Page 2 of 10
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