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200208610 of Borrower's covenants and agreements under this Security Instrument mid the Note. For this purpose, Borrower irrevocably grants mid conveys w the Trustee, in trust, with power of sale, the following described property locatel in Hall County, Nebraska: The Westerly Forty -Five (45) feet of Lot Four (4) and the Easterly Thirty (30) feet of Lot Five (5), all in HLook Ten (10) in Parkhill Third Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska which has the address of 2417 W OKLAHOMA Isuiiq GRAND ISLAND p7in 1, Nebraska 68803 [zip cony ( "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 the right to grant and convey the Property and that the Property is unencumbered, except fill encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of rmord. THIS SECURITY INSTRUMENT eomhincs uniform covenants for national use and non - uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower still Lender covenant and agree as follows: UNIFORM COVENANTS, 1. Payment of Principal, Interest and Late Charge. Burrower shall pay when due the principal at, and interest on, the deht evidenced by the Note mid late charges clue 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 Notc 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 (t) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (it) a monthly charge instead of a mortgage insurance premium if 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 pail (o 11cl Ve {021'e#; "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 A.S.C. Section 2601 et seg. and implcmeming regulations, 24 CFR Part 3500, as they may be amended liom time to lime ( "RESPA "), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. ®OBINE) seem oa "z ", e 0