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2oiooos~~ <br />0116044413 <br />and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. <br />The full debt, including amounts described in (a), (b), and (c) above, if not due earlier, is due and payable on <br />MARCH 2$, 2097 For this purpose, Borrower irrevocably grants and conveys to Trustee, in <br />trust, with power of sale, the following described Property located in HALL County, <br />Nebraska: <br />LOTS 6 AND 7, BLOCK 24, BAKERS ADDITION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br />which has the address of 2220 WEST DIVISION STREET , <br />[Street] <br />GRAND ISLAND ,NEBRASKA 68803 ("Property Address"); <br />[City] [State] [Zip Gode] <br />TOGETHER WITH all the improvements now or hereafter erected on the Property, and all easements, <br />rights, appurtenances, and fixtures now or hereafter a part of the Property. All replacements and additions shall <br />also be covered by this Security instrument. All of the foregoing is referred to in this Security Instrument as <br />the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the <br />right to grant and convey the Property and that the Property is unencumbered. Borrower warrants and will defend <br />generally the title to the Property against all claims and demands, subject to any encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform <br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real <br />Property. <br />UNIFORM COVENANTS. E3orrowcr and Lender covenant and agree as follows: <br />1. Payment of Principal and Interest. Borrower shall pay when due the principal of, and interest <br />an, the debt evidenced by the Note. <br />2. Payment of Property Charges. $orrower shall pay all property charges consisting of taxes, <br />ground rents, flood and hazard insurance premiums, and special assessments in a timely manner, and shall <br />provide evidence of payment to Lender, unless Lender pays property charges by withholding funds from <br />monthly payments due to the Corrower or by charging such payments to a line of credit as provided for in the <br />Loan Agreement. <br />3. Ftre, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the <br />Property, whether now in existence or subsequently erected, against any hazards, casualties, and contingencies, <br />including fire. This insurance shall be maintained in the amounts, to the extent and for the periods required by <br />Lender or the Secretary of Housing and Urban Development ("Secretary"). Borrower shall also insttre all <br />improvements on the Property, whether now in existence or subsequently erected, against loss by floods to the <br />extent required by the Secretary. All insurance shall be carried with companies approved by Lender. The <br />insurance policies and any renewals shall be held by Lender and shall include loss payable clauses in favor <br />of, and in a form acceptable to, Lender. <br />First American Loan Production Services Nebraska HEC.M ARM Security Instrument <br />02008 First American Real Estate Solutions I,.LC <br />FALPS#t NEHECM151A-2 Rev. OS-02-09 Page 2 <br />