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of Aocrowvr's covenants and agreeene rs under this Security lunruntent and the Note. For this purpose. IRCrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located m HALL County, Nebraska: TAT TNEraTY FIVE (26), ELOCF. ONE (1) , MNICRREM ADDITION TO THE CITY OP GRAND ISIT+ND, HALL COUNTY, NEERASRA. THIS IE A PURCHASE MONEY SECURITY INSTRUMENT. TAY STATEMENTS SHOULD HE SENT TO: WELLS FARGO ROME MORTGAGE, IRC— P.O. BOX 5137, DES HOINES, IA 503065137 which has the address of 113 WEST 20TH ST, GRAND ISLAM l5i"o. Cipb Nebraska 68801 I2ipev,II (°Propeny Address "); 'TOGETHER WITH all the heprovcntents now or hereafter erected on the property, and all caseMents, apptnienentxs aid fixtures now or hereafter a pan of the property. All replacements and additions shall also be covered by this Security Instrumit. All of the fonpunig is referred to in this Security Instrument as the "Property." BOR ROWER COVENANTS That Borrower is lawfully sch d of the estate hereby conveyed and has the rich( to grain cold romey the Property and that die Prop Try is unencurdlered, except for encumbrances of record. Borrower warrants lid will defend generally the tide to The properly against all claim and demands, ,subject to any encumbrances of record. 'THIS SECURITY INSTRUMENT eomblnes uniform covenants for national use acrd non- uniform covenants with limited variations by jurisdiction to constitute a umlOM sterility insnwnent covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. f vym n, of principal, Interest and Late Charge. Borrower shall pay when duo, tiro principal of, and interest oil, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each mutely payim:nl, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and speeinl It ressments levied or to be levied against die Property, ro) leasehold paytnems or ground mats oil Ile Property, and (C) premiums for insurance required under puagraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban pevelopment ( "Secretary "), or in any year in which such pnaniwn w'ouid have been required if Letuler still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premmm to be Paid by l.curl&r to the Secretary, or (ii) a nwnthly charge instead of a mortgage insurance premium it this Security Instmmrnt is held by the Secretary, in a reasonable amount to be determined by dte Secretary. Except for the monthly charge by the Sceretuy, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Rmds." Lender may. at any tine, collect and hold amounts for escrow hems in an aggregate: samurai not to exceed the maaimunt atiount that may be required for Borrower's escrow account under the Real Estate ScDdewern Procedures Act of 1774, 12 U.S.C. Section 2601 er seq. and implementing regulations, 24 CFR Part 3500, as they clay be area ndcd from time to t(mc ( "RESPA "), except that the cushion or resc vC perntiUeld by RESPA for unanticipated disbursemcnLS or disbursearients before the Borrower's paytrxnts are available in die account may not be based tin amounts lue for the mortgage insurance premium. �4RIWn) �ssm� x i.e.]elE KIM 'd 'ON XH WV Ob 90 11 MR-11-NM