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2oiooi~43 of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the 'Trustee, in trust, with power of sale, the following described property located in HALL ('ounty, Nebraska: SEE ATTACHED LEGAL DESCRIPTION ~Xh~~b~~~~ ~ TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. BOX 11701, NEWARK, NJ 071014701 which has the address of 2312 N PARK AVE, GRAND ISLAND [Street, CityJ, Nebraska 68803 lLip Code] ("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 Instrmment as the "Property." 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. TIIIS SECURI'I"Y INS7'RI.JMI/NT combines uniform covenants for national use and non-uniform covenants with limned variations by jurisdiction to constitute a uniforn security instrument covering real properly. Borrower and Lender covenant and agree as follows: UNIFORM COVI:NAN'1'S. 1. Paymeut 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 due 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) taxes and special assessments levied or to he levied against the Property, (b) leasehold payments or ground rents nn 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 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 for 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, in a reasonable amount to be deternined 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." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may he required for Borrower's escrow account under the Real istate Settlement Procedures Act of 1974, 12 U.S.C_ Section 2601 el seq. and implementing regulations, 24 CFR Part 3500, as they inay be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RF.,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. ~5~. -4R(N~) (9601) Page 2 of 8 Initials: ~r;