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200700614 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on FEBRUARY 1. 2037 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance 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: LOT EIGHT (8) IN BLOCK FORTY-FIVE (45) IN RUSSEL WHEELER'S ADDITION TO THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA. THIS IS A PURCHASE MONEY DEED OF TRUST, Parcel ID Number: 400123150 which has the address of 516 W 11TH STREET [Street] GRAND ISLAND [City] , Nebraska 68801 [Zip Code] ("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 understands and agrees that MERS holds only legal titIe to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS tIlat Borrower is lawfully seized of the estate hereby conveyed and has tile 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 titIe to tile 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 WitIl 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 tile Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with tile principal and interest as set fortIl in tile Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against tile Property, (b) leasehold payments or ground rents on tile Property, and (c) premiums for insurance required under paragraph 4. In any year in which tIle 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 tile Security Instrument, each monthly payment shall also include eitIler: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if tIlis Security Instrument is held by tile Secretary, in a reasonable amount to be determined by the Secretary. Except for tile monthly charge by the Secretary, tIlese items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds. " .-4N(NE) (0407) @ Page 2 of 8 Initials: A (3 ~~ f'~'