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._._ .. .- _ .._ --L-. -.__.... .. _ .... 201000594 This debt is evidenced by $orrower'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 and payable on ~a~rm~r Ol, 2040 .This 5ecurlty 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 paymenk 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, Harrower irrevocably grouts and conveys to the Trustee, in trust, with power of sale, the fallowing described property located in HALL County, Nebraska: 7.A-t' 16, FF~h'IXM A~.S S[k3D1V~S~T, I~iLL C7C7I~Y, 1~A.4Q-i Parcel ID Number: 400155494 which has the address of 17?S >i~7CM D4uVE (street] t~iAi`ID ISSAND [City), Nebraska f$801 [Zip Cade] ("Property Address"); 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." Borrower understands and agrees that MFRS holds only legal tide to the interests granted by Borrower in This Security Instnment: but, if necessary to comply with law or custom, MFRS, (as nominee for bender 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 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 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 SECURI'T'Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constituke 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, tha debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Horrower shall include in each monthly payment, together with the principal and interest as set forth in the Nate and any late cl-arges, a sum for (a) taxes and special assessments levied ar 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 bender 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 payment shall also include either: (i) a sum far 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, 2734948-703 M142048 -4N(NE) ~oao~) Page z or a i,,;~5. WWW.DOCSDIRECT.COM ol/22/2010 12;D6 PM NEW LOAN