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2oiooossw Note, 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 (c) the performance of k3orrower's covenants and agreements under this Security Instrument and the Nate. T'or 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: LOT SIXTEEN (16) , IN ;t3LOCTC ONE (1) , EXCEPT THE WESTERLY TWO (2) FEET THEREOF, IN KNICKREHM TH2RD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number: 4pp053055 which has the address of 309E 21sT sT [Street] Grand Island Icity], Nebraska 68801-2492 [!~r cede] ("Property Address"); 'TOGETIII~R WITH all the improvements now or hereafter erected an tyre 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 anal 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 SECURITY INS'TRUMEN'1" 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 ccwenant 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 der: 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) tars and special assessments levied or to be Ivied 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 Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Iaevelopmcnt ("Secretary"), or in any year in which such premium would have been reyuired ii' Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to he paid by Lender to the Seer°etary, 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 arc called "Escrow Items" and the sums paid to Lender rue called "Escrow Funds." Lender may, at any time, collect and hold amounts for I~scrow Items in an aggregate amount not. to exceed the maximum amount that may be required for Borrower's escrow account under the Real I?state Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seg. and implementing regulations, 24 (:FR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RI.;SPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. -4R(NE)~oao~~.o~ 300007 ~~~?ofd Initials: A''11 N f7