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200205765
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in HALL Comity, Nebraska:
<br />Part of the East One Half of the Southeast Quarter (El /2SE1 /4) of Section Twenty (20), in Township
<br />Eleven (11) North, Range Nine (9) West of the Sixth P.M., Hall County, Nebraska, more particularly
<br />described as follows: Commencing at a point on the Southerly Line of Del Monte Avenue, which point
<br />is One Hundred Seventy-Six (176) Feet southwesterly from Lot 1, Block 5, Bel Air Addition to the City
<br />of Grand Island, Nebraska, running Southeasterly parallel with the Southwesterly Lot Line of said Lot
<br />1, and One Hundred Seventy-Six (176) feet distant therefrom for a distance of One Hundred Twenty-Sic
<br />(126) feet; thence running Southwesterly on a line parallel with the Southerly Line of Del Monte Avenue
<br />for a distance of Eighty -Eight (88) feet; thence running Northwesterly on a line parallel with the
<br />Southwesterly Lot Line of said Lot 1, Block 5, Bel Air Addition and Two Hundred Sixty-Four (264) feet
<br />distance therefrom, for a distance of One Hundred Twenty -Six (126) Feet to the Southerly line of Del
<br />Monte Avenue; thence running Northeasterly on and upon the Southerly line of Del Monte Avenue for
<br />a distance of Eighty-Eight (88) Feet to the point of beginning.
<br />which has the address of 2515 DEL MONTE AVE Isvecq
<br />GRAND ISLAND (Cnyk Nebraska 68803 -6329 [zip Cidel ( "Property Address ");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all eav cnents,
<br />appurtenances 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 hrstrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary 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 />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of 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 />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
<br />maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures
<br />Act of 1974, 12 U.S.C. Section 2601 e1 seq. and implementing regulations, 24 CFR Part 3500, as they may be
<br />amended from time to time ("RESPA "), except that the cushion or reserve permitted by RF,SPA for unanticipated
<br />disbursements or disbursements before the Borrower's payments arc available in the account may not be based on
<br />amounts due for the mortgage insurance premium.
<br />® 4R(NE) (,.o p, Pape2 of mu,",
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