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200909336 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due ~~ reaaamlent of the debt evidenced by the 1)$CEMBER 1, 2 0 3 9 .This Security Instrument secures to Lender: (a) p Y a ent of all other sums, with Note, with interest, and all renewals, extensions and modifications of the Note; (b) the P Ym erformanee of interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the P Borrower Borrower's covenants and agreements under this Security Instrument and the Note. F de~xibed ~roSeer located irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following p P tY County, Nebraska: in HALL LOT TWENTY t201, TN SUNSET SUBDIVISION, TO THE CITX OF QRANp ISLAND, HALL COUNTY. NEBRASKA "THIS IS A 1?URCHASE ~QONEY DEED OF" TRUST . " Parcel ID Number: 4 0 01 5 3 8 0 2 [Suect] which has the address of 2 4 2 O N NORTH ROAD ~ g 8 0 3 [zip Code] ("Property Address"); GRAND ISLAND [City], Nebraska TOGETHER WITH all the improvements 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. ° Harrower understands and agrees that MFRS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law ox custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action xequired of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the ri t 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 wi 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, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. a ment, 2. Monthly Payment of Taxes, Insurance and Other Chsirges. Borrower shall include in each ~ eland s ecial together with the principal and interest as set forth in the Nate and any late charges, a sum for (a) P assessments levied or to be levied against 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 the Lender mus a iYn which such premiutn ,~ ~~ premium to the Secretary of Housing and Urban llevelopment (Secretary ), or ina merit shall also include either: (i) would have been required if Lender still held the Security Instrument, each monthly p y 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 I ~atrumebt 1the Sd bytaryethesc iternys are called ~scr wItemstoand determined by the Secretary. Except for the monthly $ y the sums paid w Lender are called "Escrow Funds." Initials: ~~ -4N(NE) (oao7) Page2of8