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-----" .....- . 200705777 Thi~ Security InstnuDent seC::Ufe$ to Lender: (a) the repayment of the debt eVidenced by the Note, with Intel'est, and aU rell\lwals. Ilxtensions and modifications of'the Note; (b) the paymeut of all other sums, with interest, advanced under paragraph 7 to p.-otect the security of this Sucurity Instrument.; and (c) the pe.-formance of Bo....owe..'s covenants and agreements under this Security Instrument alld thll Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee. in trust, with power of sale, the following described properly located in HALL County, Nebraska: fjrJ4r:lH1.rf:rl4-f#L/r!F#f+flp~PNcHrN>M #~I~lf I /:1 "'Tr#/it4 o/lrH4r/J }'M>#P/r#4r/#~/ Lot Eight (8), Block One (1), Meves First Addition to the City of Grand Island, Hall County, Nebraska Parcel ID Nwnber; PARCB. NO.; 400062062 which has the address of GRAND ISLAND 627 MEWES AVENUE ICllyl, Nebraska 68601 [SI...,etJ [ZIp Code} ("Property Address"); TOGETHER WlTH all the improvements now or hereafter emcted on the property, and aU easements, appurtenances and fixtures noW or hereafter a part of the propertY. All replacements and additions shall also be covered by this Security Instnlment. All of the foregoing ts referrecf to In this Security Instrwnent as the "Property." BOlTOwer understahds and agrees that MERS holds only legal title to the interests granted by Borrower In this Security Instnunent; but, if necessary to comply with law or custom, MERS, (as nominee fo.- Lender and Lender's successors and assigns), has the right: tQ exercise any or all of those interests, including, but not limited to. the right t.o foreclose and sell the Prope..ty; and to take ;lilY action required of Lende.. induding, but not limIted to. releasing or canceling this Security Instnunent, . BORROWER COVENANTS that BOITOWllr Is lawfully seized of the estate hereby conveyed IInd has the right to grant and convey the Property and that the Property is unencumbered, except for encwnbrances of record. Borrower WalTlUIts and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SgCURlTY INSTRUMENT combines uniform covenants for Ilalional use and non-unJform covenants With limited variations by jurisdiction to constitute a unlfonn security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Pl>ym.....t of Prinoipal, 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 Note. 2. Monthly Pa:)'JIlent of Tl'xes. Insurllnce and Other Charges. Borrower shall include in each monthly payment, together with the principal and Illterest as set forth in the Note and any late charges. a sum for (a) taxes and special assessments leVied Q.- to be levied against the Property, (b) leasehold palments 0.- ground rents on (he Property. and (c) premiums for illSW"ance required under paragraph 4. In any year III which the Lender must pay a mortgage insurance premiUJn to the Secretary Qf Hous.ing and -VI'ban Development ("SecretaIy"), or in any year in which such premium would have been required if Lellder still held the Security Instrument, each monthly payment shall also include either; (i) n sum fOT the annual mortgage Insurance premium to be paid by Lender to the Secretary, or (ll) a monthly charge illStead of a mortgage 1nsurance premium If this Security Instrument is held by the Secretary. in a reasonable llnIount to be determineu by the secreta:re' Except for the monthly charge by the Secretary, these ~~~~ ~~~.~, "&cr~ ".=" ..d ili.~, ~d ID ~~ .~~. ~l.d "&.mw F=d,." .-1