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200808377 of Borrower's covenants and agreements under this Securiry Instrument and the Note. For this purpose, Borrower irrevocably grams and conveys to the Trustee. in trust. with power of sale, the following described property located in EAIrL Coun!:y I Nebraska.: LOT ONE: HUNDRED TWENTY THREE (123) 01" WEST LAWN, IN TBE CITY OF GRAND ISLAND, nLL COtJN'l'Y, NE:BRASXA TRIS IS A P'tm.CHASE MONEY SECDRJ:TY J:NS'l'RmmNT. TAX STATEMENTS SIlO'OLD BE SENT TO: WILLS I'AR.GO HOME MORTGAGE, P.O. :BOX 11701, NlWARX, ~3 071014701 which has the address of 1608 N HUSTON AW, G:RANn iSLAND [Street. Chyl, Nebraska nS03 [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property. and all easements, appurLenaJ:1C(:$ and fixtures now or hereafter a pan of the propeny. All replacements and additicn'1a 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 gJ:ant and convey rhe Property and that the Property is unencumbered, except for encumbrances Of record. Borrower warrants and will defend generally the title to the Property a,gmnst all claims and demands, subject to any cncum'brances Qf recQrd. THIS SECURITY INSTRUMENT cQm'bines 1ll)ifQnn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constimre a unifonn security instrUment cO\lering real property. Borrower and Lender covenant at1d agree as follows: UNlFORM COVENANTS. 1. Payment of Prineipal, Interest Met Late Cbarge. 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 Payment of Taxes, Insurance and Other Charges. Borrower shall include in each montWy pllym.ertt, to~ether with the flrinc1f1al and mterest as set forth i11 the Note and any laLe thl\r$e$, A sum for (a) taxes and special assessments levied or to be levied. a.gainst 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 me Lender must pay a mortgage insurance pX"emiUm to the SecrelArY of HO'U$in~ and Urban Development ("Secretc1I}'"), or in any year in which such premium WQuld have been required if Lender Still held the Security lnslromenl, each montbly paymen\ shall also include either: (i) a sum for the annual mortgage insurance preI;Di.wn 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 reru;onable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "EscrQw Ilems" and the sums pllid Ie Under are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amoum that may be required fOr Borrower's ~c:row account unc1er the Real Estate Settlement Procedures ACl of 1974, 12 V.S.C. Section 2601 el seq. and impleme.ming regulations, 24 CPR Part 3500, as rhey may be amended from time to time ("RESPA "), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursemems before the Borrower's payments are available in Ule accoum may not be based. on amounts due for the mongage insurance premium, .~4R(NEI191101) 1'0Sl' 2 <liB )niti9~' t\tJ ~J\\