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2oosloo4s provides for monthly payments, with the full debt, if not paid earNer, due and payable on January 1, 2040 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of al] 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 HALL County, Nebraska: LQT TWENTY FIVE (25), IN BLOCK ONE (1), KNICKREHM SECOND ADDTTTpN TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Parcel ID Number: 400052769 which has the address of 105 W 21ST ST [street] GRAND ISLAND [city], Nebraska 69901-2324 [Zip Code] ("Property Address"); TOGETHER WITH all the improvements now ar 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 seized. of the estate hereby conveyed and has the right to grant and convey the Property and that the Froperty 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 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, 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. 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 sum for (a) taxes and special assessments levied or to be levied against the Froperty, (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 must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), ar in any year in which such premium would have been required. if Lender still held the Security Lnstrument, 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 Lender are called "Escrow Punds." FHA Deed of Trust-NE 0450921276 4/96 VMP® A~ VMP4R(NE)(0809) Wolters KIuW er Financial Services !~ Page 2 of 9