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200905152 Note, with interest, and ail 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. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in HAIL County, Nebraska: LQT SEVEN (7) , BLOCK ONE (1) , DICKEY THIRD SLIk3DIVISION, IN TFtE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Farrel ID Number: a0t)040719 which has the address of 2755 SAINT PATRICK AVE lStreati Grand Island [Ciryl, Nebraska G8803~-1315 [Zip Codej ("Property Address"); TOGETHER WITH all the irnprovernents now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property, All replacements and additions 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 sei:~ed 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 defend generally the title to .the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants. for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, lnterest and Late Charge. Borrower shall pay when due the principal cif, 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 monthly payment, together with the principal and interest as set forth in the Note and any late charges, a surn for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents an the Property, and (c) premiums for insurance required under. paragraph 4, In any year in 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 .,etider still held the Security Instrument,. each monthly payment shall also include either: (i) a sum for the annual mortgage insurance 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 monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lander are called "Escrow Funds." Lender may, aC any time, called and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the heal Estate Settlement Pracetlures Act of '1974, 12 U.S.C. Section 2b01 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("R1~SPA"), except that the cushion ar reserve permitted 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 premium. 01202 95426 -AR(NEl 1oao~l.oi Peya z of a ~"~t~