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200300169 of Borrower's covenants and agreements under this Security Instrument and [Ire Note. For this purpose, Borrower irrevocably grants and conveys to the Truster, in trust, with power of sale, the following described property located in HALL County, Nebraska: THE NORTHERLY 73 FEET OF LOT 9, BLOCK 3, BETTER HOMES SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA TAX STATEMENTS SHOULD BE SENT T0: NELLS FARGO HOME MORTGAGE, INC., P.O. BOX 10304, DES MOINES, IA 503060304 which has the address of 937 SOUTH CLARK, GRAND ISLAND ISneeb city], Nebraska 68001 [Zip C. rid ('Property Address "); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by 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 hereby conveyed and has die right to grant and convey the Property and that die Property is unencumbered, except for encumbrances of record. Borrower warrant and will defraud 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 variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows! UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest u., the debt evidenced by the Note and lam: eluages one under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with due 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 Lender must pay a mortgage 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 shall also include either. (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium it this Security Instrument is held by the Secretary, in a reasonable amount to be determined 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 any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed die maximum a iomn that may he required for Borrower's escrow account under the Real Estate Sentiment Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to tirrre ( "RESPA "), except that the cushion or reserve permitted by RESPA for unanticipated disbursements nr disbursements before the Borrower's payments are available in [lie account may not be based on amounts due for the mortgage insurance premium. 4. 4FINE1 Isaot m � �