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200205554 of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the 'fmstee, in Trust, with power of sale, the following described property located in Hall County, Nebraska. LOT FIVE (5), BLOCK THREE (3), GEORGE LOAN'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, AND THAT PART OF VACATED POPLAR STREET MORE PARTICULARLY DESCRIBED IN ORDINANCE NO. 5380 RECORDED IN BLOCK 24, PAGE 499. which has the address of 804 EAST 12TH STREET Isaczq GRAND ISLAND [city]. Nebraska 68801 [zip coact ( "Property Address "); TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, 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 Boaower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of repel. THIS SECURITY INSTRUMENT combines uniform covenants for national use and nonuniform covenants with limned 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 clue the principal of, and interest on, the debt evidenced by the Note and laic charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the 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 (e) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance prennuin to the Secretary of Housing and Urban Development ( "S'c'ary "), or in any year in which such premium would have hum required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the rental mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Ins[rtmtuLL is held by the Secretary, in a,eeasouable =.am ml 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 arc called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 260t et seq. and implementing regulations, 24 CPR Part 3500, as they may be amended from time m time ( "RESPA "), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements bdore the Borr'ower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. (Mb ARtNE) Issnw oe rug" a of a iomm..