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200908695
<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 November 1, 2039
<br />. 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,
<br />with interest, advanced under paragraph 7 to protect the security of this Security lnstrument; and (c) the performance
<br />of Borrower's covenants and agreements wider this Security Instrument and the Note. 1~or this purpose, Borrower
<br />irrevocably };rants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in Hall County, Nebraska:
<br />Lot Thirty Two (32), in Stock Five (5) Morris Third Addition to the City of
<br />Grand Island, Hall County, Nebraska
<br />Parcol ID Number: 400064588
<br />which has the address of 1l8 East 19th st [Street]
<br />Grand island (City], Nebraska 68801 (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 properly. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees chat MERS holds only legal title to the interests granted by Borrower in this
<br />Security Instrument; hut, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
<br />successors and assigns), has fhe right: to exercise any or all of those interests, including, but not limited to, fhe right
<br />to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVP:NANTS that Borrower is lawfully seized of the estate hereby conveyed tmd has the right to
<br />grant and convoy 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
<br />encumbrances of record.
<br />"I"HIS SECURITY INSTRUMENT combines uniform covenants for national use and non_uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property,
<br />Borrower and Lender covenant. and agree as follows:
<br />UNIT'O12M t_:UVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, fhe debt evidenced by the Note and laic charges duo under the Note,
<br />2. Monthly Payrnent of Taxes, I'twsurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with fhe principal and interest as set forth in the Notc and any late charges, a sum for (a) Coxes and
<br />special <tssessnzents levied or to be levied against the Froporty, (b) leasehold payments or ground rents on the
<br />Property, and (c) preiniutns for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have been required if Lender still hold the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance; premium to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security lnstrument is held by the Secretary,
<br />in a reasonable amount to he determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow funds."
<br />,Q, 9-l)5-000172
<br />Initials: (D
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