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200305403
<br />of Borrower's covenants and agreements under this Security instrument and the Note. For this purpose, Borrower
<br />incvocably grants and conveys to the 'trustee, in trust, with power of sale, the following described property located
<br />in HALL County, Nebraska:
<br />LOT 8, BLOCK 88, WHEELER AND BENNETT'S FOURTH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, INC., P.O. BOX
<br />10304, DES MOINES, IA 503060304
<br />, n ieiI has the address of 112 WEST 16TH STREET, GRAND ISLAND [Sncec City],
<br />N,1, ,ska 68801 Mece4el ( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appuncnances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />,rut and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />,vaaaants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of ruronl.
<br />PHIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants
<br />m id, limiu;d variations by jurisdiction to constitute a uniform security instrument covering real properly.
<br />Borrower and Lender covenant and agree as follows-
<br />I;NIFORM COVENANTS.
<br />I. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />Iwcrost on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Ta.xcs. Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal uod interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />npccisl assessments levied or to be levied against the Property, (b) leasebold payments or ground rents on the
<br />Properly, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />oam gage insurance premium to the Scormary of Housing and Urban Development ( "Secretary"), or in any year in
<br />,which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />,I A[ alsu include either (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />of it) a monthly charge instead m a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />iavta are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />Lender may, at any time, collect said hold amounts for Escrow Items in an aggregate amount not to exceed the
<br />mexinuun amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures
<br />A,t of 1974, 12 U.S.C. Section 2601 er seg. and implementing regulations, 24 CPR Part 3500, as they may be
<br />:encoded from time w time CRESPA "), except that the cushion or reserve permitted by RESPA for unanticipated
<br />dhshmsernems or disbursemcrns before the Borrower's payments are available in die account may not be based on
<br />anu tnts due for the mortgage insurance premium.
<br />Q 4RINEt i"aou Pase z of a mar,
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