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2oioo2i2~ This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on APRIL 1, 2040 .This Security Instrumentsecuxesto Lender: (a) the repaymentof the debt evidencedby the Note, with interest,and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph? to protect the security of this Security Instrument; and (c) the performanceof Borrower's covenants and agreements under this Security Instrument and the Note. Far 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 FIVE (51, IN VIRDEN SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. THIS IS A PURCHASE MONEY DEED OF TRUST Parcel ID Number: 400103982 which has the address of 2535 W 5TH STREET [Street) GRAND ISLAND [City], Nebraska 68803 [Zip Coael ("Property Address"); TOGETHERWITH all the improvements now or hereafter erected on the property, and all easements, appurtenancesandflxtures now or hereaftera part of the property.All replacernentsand additions shall also be covered by this Security Instrument.All of the foregoing is referredto in this Security Instxumentas the "Property." Borrower understandsand agreesthat MERSholds only legal title to the interestsgrantedby Borrowerin 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 requiredof Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWERCOVENANTSthat Borroweris lawfully seized of the estatehereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered,except for encumbrancesof record. Borrower warrants and will defend generally the title to the Propertyagainstali claims and demands,subject to any encumbrances of record. THIS SECURITYINSTRUMENTcombines uniform covenants for nationaluse and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrowerand Lendercovenant and agree as follows: UNIFORMCOVENANTS. 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 due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrowershall include in eachmonthlypayment, togetherwith the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessmentslevied or to be levied against the Property, (b) leaseholdpayments or ground rents on the Property, and (c) premiums for insurance requiredunder paragraph4. 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 m which such premium would have beenrequiredif Lendexstill held the Security Instrument,eachmanthly payment shall also include either: (i) a sum for the annualmortgageinsurancepremiumto be paid by Lenderto the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instruments held by the Secretary, in a reasonable amount to be determinedby 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." -4N(NE) (ono?) Page 2 of 8