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200214042 of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, .Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: Fractional Lot Seven (7) in Block Twelve (12) in Original Towa now City of Grand Island, and Fractional Lot Seven (7) in Block Eighteen (18), in H.G. Clark's Addition to the City of Grand Island, Hall County, Nebraska. which has the address of 610 1,IEST 6TH STREET [Sweet] GRAND ISLAND [Cityl. Nebraska 68801 [Zip COdel ( "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 mud 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 record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited 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 due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Nom. 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 (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 (i) a sum for the annual mortgage insurance premimn to be paid by lender to the Secretary, or (ii) 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 paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount ma to cxcccd the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1474, 12 U.S.C. Section 2601 el seg. and implementing regulations, 24 CFR Pan 3500, as they may be amended from time to time ( "RESPA "), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments us available in the amount may not be based on amounts due for the mortgage insurance premium. ®- 4aINE) ienoasos rase z or a 1-1