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201000831 LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. which has the address of 2504 WEST STATE STREET, GRAND ISLAND Nebraska G8803 [Zip Code] ("Property Address"); [Street, City] , 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 fareaoing is referred to in this Security Instrument as the "Property." Borrower 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 or 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 required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised 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 agairtst 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. UNIFORM COVENANTS. Bozxower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Nate and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Harrower shall include hl each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum. far (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 payment shall also include either: (i) a suzn for the annual mort;~Tage 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 Funds." GV2171-2 (6961) Page 2 of 8 I IIIIII VIII VIII VIII VIII VIII VIII VIII IIIiI (IIII IIII IIIIIII III IIIIII (IIII VIII VIII IIII IIII 1 1 ~ L 1 2 5 ~ 4 1 G V~ 1 7 1 F'HA Nebraska Deed of Trust ~. H