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202 Wed Third St Circe WNW, NE 63BUI I. Bprrows owes LwKW the pdncipal sum of t=gj ( Two Thousand Eight Hundrid and 001100 Dollars (U.S. ti 42.800.001. This debt is evidenced by Borrower's note dated the same data as this .Security instrument CUM"). whloh proWdas for morrthly- payments, v*h the full debt, if not pdd earlier; due and payable on _$1 20 This Saourlty insl)rume d segues to Lender: (a) the repayment of the bebt evidenced by the Note, with interest and all renewals, odanrions and rnodtcaWw. (b) the payment ofd other sums, wkh interest. a6ranced under paragraph 6 to protect the security of this Ssarrlty Insfurrrsrnb end (c) the paAontrancs of Borrower's covenants and agreements under this Secufly Instrument and the (rota For this purpwe, Borrower does hereby mortgage. grant and convey to Trustee with power of Sale, the following• described property located to Hall ) County.(g� to em C� ofSGrand isslland Hall Coaunty, Nebr Second Addition j 1 28. This Mortgage is intended to be a purchase money Mortgage. which has the address of 218E 18th St Grand island ! [street) Icde. NE 68801 ( "Property Address'): Isats) IMP Code) TOGETHER WITH all the irnprvnrernents now or hereafter erected on the property. and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits. water rights and stock and all fixtures now or hereafter a part of the property. AN mpfaosrra is and addklons shall also be covered by this Security instrument. AN of the foregoing is referred to in this • Security Insfnurnent as the "Property'. BORROWER COVENANTS that Borrower Is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convoy ' the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend, generaly the we to the Property against all claims and demands, subject to any encumbrances of record. 1. Payment of. Principal, interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt okkn ed by the Note and late charges due under the Note. 2. Monthly Payments of Taxed, insurance and Other Chargeis. Borrower shaft inckide in each' monthly payment, together wkh the pdndpaf and interest as set forth in the Note and any late charges. an installment of any (a) taxes' end 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 by Paragraph 4. Each monthly Instafi cud for items (a). (b) and (c) shall equal one- twelfth of the annual amounts, as reasonably estimated by Lender. plus an amount suflldent to maintain an addWonal balance of not more than one sixth of the estimated amounts. The full annual amount _• re+ ww:% #fi±w *k *X 4,. wwmeeurntir4 by I M > fiiR 4 Maim omtWte m* month- hftfere An iterru tgt0luld beCCtse Leader shei)_- i -- . a hold the amounts eoWed In trust to pay items (a), (b) and (c) before they become delinquent. if at any time the total of the payments held by Lender for items (a). (b), and (c), together with the future monthly payments for such Items payable to Lender prior to the due dates of such items. exceeds by more than one -sixth the estimated amount of payments required to' pay such items when due, end if payments on the Note are current, then Lender shall either refund the excess over one-sbah of the estimated payments or credit the excess over one-sixth of the estimated payments to subsequent payments by Borrower, at the option of Borrower. If the total of the payments made by Borrower for item (a), (b). or (c) is insufficient to pay the Hem when due, then Borrower shag pay to Lender any amount necessa►y to make up the deficiency an or before the date the hem becomes due.' Page l of 4 F6175.Cn (04190) P {4)90) Ut4a4AO). Y!60058 . .. i N to 0