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This Is a Purchase Money Dead of Trust which has the address of 2232 Cochin ' - Grand Island [street] [C W. NE 68801 ( "Property Addr*Wj; [Stele] 120 Code] TOWTHER WITH all the improvements now or hereafter erected on the property. and all easements, rights, appurtenances, rants, royakiss, mineral. cd and on rights and profits. water rights and stock and M Mures now or haeef ter a part of the property. M replacements and addNbns shaft also be covered by this Security Instrument. III of the foregoing Is referred to in this Security InstrumerM as the "Property ". BORROWER COVENANTS that Borrower Is lawlUtj seised of the estate hereby conveyed and has the right to mottgags. grant and eomry the Property and that the Property is unencumbered. except for anaunbrances of record. Borrower warrants and will defend geraraly the We to the Property against all claims and demands, subject to any encumbrances of record. 1. Papnent of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt eW wwod by the Note and late charges due under the Note. 2. Monthly Payments of Taxes, Insurance and Other Charges. Borrower shall include In each monthly payment, togither wkfrthe principal and interest as set forth In the Note and any late charges, an installment of any (a) taxes and special assessments levied or to be levied against the Property. (b) leasehold payments or ground rents on the Property, and (e) premiums for iiaw -&-o G'v ragy&ad by IlWagraph G. Each monthly installment for items (a). (b) and (c) shall equal onetwdfth of the annual amounts, as reasonably estimated by Lender, plus an amount suMlcent to maintain an additional balance of not more than onesixtir of the estlrtated amounts. The full annual amount fat mm io phal har ale cum &W by Lender wirbkt a period ending one womb before an item would become d&nqu kit. Lender shag hold the amounts collected 11 trust to pay Hems (a). (b) and (c) before they become delinquent. H. at any time the total 61 the payments held by Lender for Hems (a). (b). and. (c), together with the future monthly payments for such Hems payable to Lender prior to the due dates of such Hems, exceeds by more than one-sbdh the estimated amount of payments required to pay such Hems when due, and it payments on the Note are current, then Lender shalt efther refund the excess over one-sixth 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 Rem (a), (b), or (c) Is insufticlent to pay the ,Hem when due, then Borrower shall pay to Lender any amount necessary to make up the deficiency on or before the date the Hem becomes due. , P6173.CTr (04190) P(4/%) U(494M) - 7110030 Paga 1 of 4 r -. q. I. y cis tf! No