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2009U974~ This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides far monthly payments, with the full debt, if not paid earlier, due and payable on DeCerr~aer 1, 2034 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Nate, 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 (o) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, 8arrawer irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in Hall County, Nebraska: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. Si7BJECT TO COVENANTS OF RECORD. Parcel ID Number: 40007058$ which has the address of 231 Carey St [streerl Grand Island [c,ryl, Nebraska 6$803 ~z;P cowl ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected an 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 understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any ar all of those interests, including, but not limited ta, the right to foreclose and sell the Property; and to take any action required 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 right to grant and convey the Property and that the Property is unencumbered, except Far 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 unifarrn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument envering 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 af, and interest an, the debt evidenced by the Note and late charges due under the Nnte. 2. Monthly Payment of Taxes, Insurance cad Other Charges. Harrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums far 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 Lender still held the Security Instrument, each monthly payrtaent shall also include either; (i) a sum for the annual mortgage insunrnce 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 calledq"Escrow Items" and the sums paid to Lender are called "Escrow Funds." zz117777 ~ ~ii' 217~~ I~~II33I i 81 0208~~I~~ II~ ~ Inltlal . VMP ®~1tr(NE) ~oaor~.oi ~®ee z ~ s ~//,`