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201001469 LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. which has the address of 801 EAST 9TH STREET, GRAND ISLAND [street, Ctty~ , Nebraska 68801 lz~p Coac] ("Property Address"}; TOGETHER WITH all We improvements now or hereafter erected an 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 Instrtmertt 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, MFRS (as nominee far Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not litttited 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. Harrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THI5 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. Borrower and Lender covenant and agree as follows: 1. Fayment of Principal, Interest and Late Charge. Borrower shall pay when due the principal af, and interest an, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Burrower shall include in 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 for insurance required under Paragraph 4. In any year in which the Lender must pay a mortgage insurance premium ro 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 Instrument, each monthly payment shall also include either: (i} a sum for the annual mongage 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 sutras paid to Lender are called "Escrow Funds." GV2171-2 (696) Page 2 of 8 FFIA Nebraska Deed of Trust 1111111 Illll IIIII Illll Illll Iilll IIIII IIIII IIIII IIIII IIII Ililll! III 111111 IIIII IIIII IIIII IIII IIII 1 ], ~ ], 1 1 3 0 3 4 G V u' 1 7 ], S~ .. ~ ~~ ~'~~~~