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_ � 2� 1 �� 1249 LUT UNE (1� AND THE N�RTHERLY FUURTEEN �14} FEET �F L�T T�VD (2}, BUHRMAN'S SUB-I]�VISI�N,AN ADDITI�N T�THE CITY�F�RAND ISLANI�,HALL CUUNTY,NEBRASKA. Tax Parcel No.4U�OZ8646 which has the address of, 1416 N HANCQCK AVE,GRAND ISLAND,NEBRASKA 68803{here�n "Property Address"}; T�GE�R�VITH all the impro��rnents now or hereafter ereGted on the praperty,and all easements, appurtenances and fixtures now or hereafter a part af the property.A��replaeements and additions shall also be covered by thrs 5ecurity Instrument. All of the foregoing, is referred to in this 5ecurity Instrument as the "Property." B�RR�VL�ER COVENANTS that Borrower is lawful�y seised af�he estate hereby con�eyed and has the right to gra.nt and con�ey the Property, and that the Property rs unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the titie �o the Property againsf all claims and demands, subject to encumbrances of recard. THIS SECURITY INSTRUMENT combines uniform cavenan�s for national use and non�uniform covenants with limited �ar�ations by jurisdiction to constitute a unifarm security instrument coWering reaI property. UNIF�RM�OVENANTS.Barrawer and Lender cavenant and agree as follows: l. Payment of Princ�pal. Borrower shall pay when due the principal of the debt e�idenced by the Note. 2. Borrower Not Released; Forbearance By Lender Not a Wai�er. Ex#ension of�he time of payment af the sums secured by this Se�ur�ty Instrument granted by Lender to any successor in interest of Borrower sha�l not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Secursty Instrument by reason af any dernand made by the orig�nal Borrower or Barrower's successars in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiWer�f or preclude fhe exercise of any right ar remedy. 3. Successors and Assigns Baund; Jnint and Se�eral Lxability; Ca-signers. The co�enants and agreements of this Security instrument shall bind and beneft the successors and assigns of Lender and Borro►wer. Borrow�r's co�enants and agreements sha�l be joint and se�era�. Any Borrower who co-signs this Security Xnstrument but does not execute the Note: �a} is co-signing this Security Instrument only ta mortgage, granti and can�ey that Borrower's interest in the Praperty under the�erms of this Security Instrument; (b} is not personally obligated to pay the sums secured by this 5ecurity Instrument; and (c} agrees that Lender and any other Borrower may agree to extend,modify, forbear or make any accommodation5 with regard to the term of this Secur�ty Instrument or the Note without that Borrower's consent. 4, Notices. Any notice ta Barrower pro�ided for in this Security Instrument shall be gi�en by delivering it or by mailing it by first cla.ss mai� unless applicable law requires use of another method. The notice shall be directed to the Praperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be gi�en by first class mail to: Department of Housing and Urban Development, Attention: Single Family Notes Branch,451 Seventh 5treet SW,Washington,D�2041 D or any address Lender designates by notice to Borrower.Any natice pro�ided for in this Security�nstrument shall be deemed to ha�e been given to Borrawer ar Lender when given as pro�rded in this paragraph. 5. Go�erning Law; Se�erab�Iity, This 5ecurity Instrument shall be governed by Federal law and the law of the jurisdictian in which the Property is located. In the e�ent that any pro�ision or clause of this Security Instrument or the Note conflicts with app�icable�aw, such conflict shatl not affect other proWisions af HUD-HAMP 1�0520 t5 356 Z240183491 First American Mortgage Solutions page Z