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200801986 of Borrower's covenants and agreements under this Secwity msmunent and the Note. For this purpose, Borrower jrrevocably grants and conveys to the Trustee, in trust, with pOwer of sale, the following described prope~ located in HALL County, Nebraska: LOT ELEVEN {ll), IN !lLOCK lI':IVEi (5), Itf COLLEGE MlDITION TO WSST LAW IN THl!i CITY OF GRAND :rSl'..JWD, RALL COUN'l'Y, NEBRASKA. THIS J:S 1\ PURCnSE MONEY SBCtm'In IN'S'l'RtIMKN'l'. TAX STATJ:M2NTS SHOULD BE Sl!lm' TO; WBLLS FARGO ROMS MORTGAGE, P.O. BOX 11701, NEWARK, NJ 071014701 which bas the address of 2408 N LAFAYETTE AVE, GRAND ISt.AND (Street, City), Nebraska 68803 [Zip Code) ("Propeny Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appunenances and fixtures now or hereafter a part of the propeny. All replacemems and additions shall alsO be covered by this Security Instrument. All of the foregoing is referred to in this Security In8trument 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 iB \l.1tencumbeX'ed, 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. TIllS SECURITY INSTRUMENT CQmbines unifo:rm covenants for national use and non-uniform covenants witb limited variations by jurisdiction to constimte a uniform securhy instr\ln1ent 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 me principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower sba11 include in each monthly payment, together with me 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 ill 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 tbe annual mongage iIl$urance premium 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 iImount tc] 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 Punds. W Lender may, at any time, collect and hold aznounts 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 D.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Pan 3500, as they may be amended from time to time ("RESPA")1 except that the cushion or reserve pennitted 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 premiuxn. G.4RIIIIEl (96011 <S1 P"ll" 2 el 6 '""'~' m {: C-r: