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��0000� �� of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably arants and conveys to the Trustee, in trust, with power of sale, the following described property ]ocated in xall County, Nebraska: Part of Fraclional Lots Eight (S) and Nine (9) in Fractional Block T�vo (2) �n Wallich's Addition to the City of Grand Island, Nebraska, more particularly described as follows: Commencing at the Southwest (S� corner of said Fractional Lot Eight (S), running thence in an Easterly direction along and upon the northerly boundary line of Ninth Street in the City of Grand Island, Nebraska, for a distance oC 77 feet, running thence in a Northerly direction, parallel w�th the easterly boundary line oC said Fractional Block 'I�r�o (2) for a distance oC 86.55 feet, running thence in a Westerly direction, parallel with the Northerl�• line of said Ninth Street, for a distance of 31.7 feet, to the Easterly boundary line of Broadw�ell, in the City oC Grand Island, Nebraska (as now located) running tl�ence in a Southerly direction along and upon the Easterly boundary line of Broadwell (as now located) for a distance oC 98S feet to the place o[beginning,in Hall County,Nebraska. which has the address of 1314 WEST 9TH STREET (Street] G�D IS�ND (c�cy�, Nebraska 68601 [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appunenances and fiatures now or hereafrer a part of the property. All replacements and additions shall also be co�•ered b� this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereb}� conveyed and has the right to grant and convey the Propert}� and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited ��ariations b}�jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENA?�TS. 1. Pa��ment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly pa}�ment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lende�r must pay a mongage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument,-each monthly payment sh�ll also include either: (i) a sum for the annual mortgage insurance premium to be paid b}� Lender to the Secretary, or 'ii) a monthly charge instead of a mongage insurance premium if this Security Instrument is held by the Secretary, in a reasonabl��u4unt to be 'defermined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at an�� time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that ma�� be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 1? U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by R�SPA for unanticipated disbursements or disbursements before the Borrower's pa��ments are a��ailable in the account may not be based on amounts due for the mortgage insurance premium. �-4R(NE) i95oa�.os Page 2 0l 8 Innials m ' �� . ..