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200810165 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. Por this ptirpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, dIe following described property located in HALL County, Nebraska: LOT TWO (2). IN REUTING'S THIRD SUBDIVISION, IN THE CITY OF GRANO ISLAND, HALL COUNTY, NEBRASKA ParcellD Number: 400161311 which has the address of 3862. REUTIJ:.:/G RO Grand Island [Stre1)l] [CilyJ, Nebraska 68803-5041 [Zip Co(le] ("Ptoperty Address"); TOGETHER WITH all the improvements now or hereafter erected on the IJroperty, and all casements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shaIl also be coven;d by this Security Instrument. All of the foregoing is referred to in this Security Iilstrument as the 'iProperty. " 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 is unencumbered, except for encumbrances Of record. Borrower warrants and will (lefeild generally the title to the Property against all claims and demands, SUbject to any encumbrances of record.' . . . THIS SECURITY INSTRUMENT combines uniform covenants for filltionaI use and non-uniform covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering real properly. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest ami Late Charge. BOlTower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. . 2. Molithly Payment of Taxes,InsuranceaneJ Other Charges. Borrower shall include in each monthly payment, together with the pdncipal and interest as set forth in the Note and !\flY ]atc charges, a sum fOf (n) taxes uno special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums forinsurance required under paragraph 4. In any year in whicl~ the Lender must pay a mortgage insurance premium to the Sccretf\ry of Housing and Urban Developinent . ("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: (0 a sum forthe annual mortgage iIisurance 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 amount to be determined by the Secretary. Except for the momhly charge by the Secretary, these items are called "Escrow Items" and the sums paid LO Lender are called "Escrow Funds." Lender may, at any time. collect and hold amounts for Escrow Items in anaggrcgate amount not to exceed the maximum amount that may he required for Borrower's escrow account under the Real Estate Settlement PrOCedures Act of 1974, 12. V.S.C. Section 2601 el seq. and implementing regulations. 24 CPR Part 3500, as they maybe amended from time to time ("RESPA"), except that the cushion 01' reserve permitted by RESPA for unanticipated disbursements or. disbunements before the Borrower's payments are available in the account. may hot be based on amounts due for the mortgage insurance premium. ~-4RINEII04071.01 Page 2 0' 8 In;II.Is;~8104