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<br /> n ' •� of Bonower's covena�tts and agreements under this Securiry Inatrument and the Note. Por thla purpose, 8orrawer
<br /> . ircevocably grants aad conveys to the Truatee,ln trust,wlth power of sale,the following desccilsad propcny lacnted ;
<br /> , ;� Hal l County,Nebrnskn:
<br /> -� � Lo� Six (6�, Block Ta�o (2), Knickv�ehm TMrd Addition to the City of Grand �-
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<br /> Island, Hall County, Nebraska. "''
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<br /> ' .ti• whichhastheadelsesaof22Q EBSt 21St SL1"B�t,Grand Island (scrcei,cuyl, _r_
<br /> ;i:;?:' • " Nebraska 68801 l2ip code� ("Property Address'): '�,
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<br /> TOCiET}I�R W1TH ali the im mvements now or hereafter erected on the ro i and all c�isementa, `•:,,.
<br /> appurtenances and fixtures now or hereafter a pan of the property. All reple.cements and additiona ahali also be _
<br /> ° •�� •�'. covered by thia Securlcy Inetnuneat. AII of the fongoinQ ls referned to in this Securiry InstcumeaY as the"Property." . _
<br /> BORROWBR COYENANTS that Bonower ia lawfulty seized of the estate hereby conveyed und hns the dght ro -
<br /> grant and convey the Property and that the Property ia unencwnbered, except for encurnbrances of record. Bottower .�_
<br /> warruacs and wiil defend generally the tide to the Property against ull claims and demaitds. subjeat to nny 1i.,..,
<br /> encumbrancea of record.
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<br /> .� TH1S 5LCURITY 1t3STRUMENT combines uniform wveaanta for natlonal use and non-uniform covenante =_
<br /> ; . � with limlted variauons by jurisdic�ion iv u,�titut�a uuifuraz ouuur3r;fss�sr�snent��Yer�n;rP�!�r�rty:
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<br /> Bomower and Lendcr covenant and Agree as followa: -
<br /> UNl�OI2M COVENANTS.
<br /> � 1.. Pnyment of�°rinclpul� Interest c�nd Late Churge. 8orrower shell pay whea due the prlucipul of, end s
<br /> � interest on.the debt evidenced by the Note and late chnrges dae under the Nate. -
<br /> ' ��� 2. Monthly Y'ay►�e� of Tcuces, Insue�nce nnd Other Chorges. Hormw+er shaU include in euch monthly
<br /> �� payment,together wtth the principal nad iaterest as set forth in the Noxe and any late charges,a sum for(u)ta�ces aud �
<br /> ,� . ' special usseavments levied or to be levied against the Properry. (b) leasehotd puyments or grouad rents on tho
<br /> �� Property,aad(c)premiwn�for inaurance requimd nnder paragrnph 4. In any year iu whish tlie i.ender must pay a
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<br />;,,`','::,t:�;;..N� mort�age insucance prem�um ro the Secretary of HousinII and Urbua Development("SxrQtazy").or in c►ny yeur in —
<br /> �}4:J^' which such premiuru a+auld have been requlrPd if Lender atiil held the Securiry Instrumsnt,each nionthly payment
<br />,_^:=""'�'a' ; shnll also include either: (i)a sum for the az�nu�l mortgage Insurance premium to be paid by Lender to the Secretary.
<br />°'�R"'���'-�' or(ii)a monthly charge inatead of a martgage insuraace premium if this Secudry Instrument is held by tbe Secretnry� __.
<br />_`, �� �� in a reasonable amount to be determined by t1�e Secretary. Eacept far the monthly chcrge by the Secretnry, these
<br /> ' `�•-�'?�"�`' ltems ore c�11ed'Escrow I�ems"and the sums patd to Lender are cailled`agcrow Funda.' __.
<br /> - ' Lender may.at any dme.wllect and hold am.ounts for 1Fscrow Icems iu an nggregate uarowtt not to exceed the �__
<br /> j:,.1• - m����flunt tbat may be required for Borrower's escmw account under the Real Estute Settlement Procedtues
<br />--� ���,y• •i Act of 1974, 12 U.S.G Sectton 2G01 et seq. and implemendng regulativus, 24 CPR Part 3SG0, as they muy ba `
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<br /> ,,,,�. nmended fmm time to time ("1t�sSPA"), excep�Qiat the cnshion or zcscrvc pertuttted b}� R�sPA for unandcip�ted
<br />:•�°'- � •~� �" - disburseraents or disbursements befot�e the Borrower's payments are available in the account may not be bused on ..
<br />��A'`'"��'�"� ' amouata due for the mortgage lnaurence premium• =
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