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<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on
<br />JULY 1 , 2 0 3 9 .This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in HALL County, Nebraska:
<br />THE WEST HALF (W 1/2) OF LOT THREE (3), IN FRACTIONAL FLOCK ONE
<br />HUNDRED ONE (101), IN RAILROAD ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, AND ITS COMPLEb1ENT, TO-WIT:
<br />FRACTIONAL LOT THREE (3), IN FRACTIONAL BLOCK ONE HUNDRED ONE
<br />(101), KOENIG AND WIEBE~S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COLTN'I'Y , NEBRASKA .
<br />Parcel ID Number: 400080877
<br />which has the address of 615 W DIVISION ST [5[reet]
<br />GRAND ISLAND [City] , Nebraska 6 8 8 O 1 [zip Code] ("Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered
<br />by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower
<br />understands and agrees that MFRS holds only legal title to the interests granted by Borrower in this Security Instrument;
<br />but, if necessary to comply with law or custom, MFRS, (as nominee for Lender and Lender's successors and assigns),
<br />has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the
<br />Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security
<br />Instrument.
<br />BORROWER COVENANTS that Harrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances
<br />of record.
<br />THIS SECURITY INSTRUMENT combines uniform cnvenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br />on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Uther Charges. Horrower shall include in each montlily payment,
<br />together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special
<br />assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c)
<br />premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance
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<br />premium to the Secretary of Housing and Urban Development (Secretary ), or in any year m which such premium
<br />would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i)
<br />a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead
<br />of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be
<br />determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and
<br />the sums paid to Lender are called "Escrow Funds."
<br />Initials: ~~ i.~
<br />-4N(NE) (0400 Pa9e2or&
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