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201002153 of Borrower's covenants and agreements under this Security Iustnunent and the Note. For this purpose, Borrower irrevocably grams and conveys to the 1'rusiee, in trust, with power of sale, the following described property located in unr•L County, Nebraska: SEE ATTACHED LEGAL DESCRIPTION TAX STATEMENTS SHOULD SE SENT TO: WELLS EARGO HOME MORTGAGE, P.O. BOX 11701, NEWARPC , N.7` 0 71014 7 01 which has the address of 1412 COVENTRY PL, GRAND ISLAND [street, Ciryl, Nebraska 68801 [Zip Code] ("Property Address"); TOUETHF.R WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures riow or hereafter a part of the property. All replacements and additions shall also he coveted by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVF,NANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properly 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. 'fIIIS SF,CIJRI"I°Y 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. Borrower and Lender covenant and agree as fi~llows: UNIFORM COVfiNANTS_ 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when. due the principal of, and iritereSt on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. 13orrowcr shall include in each monthly payment, together with the principal and interest as set li~rlh in the Note and any lake charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments of 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 Development ("Secretary"), or in any year in which such premium would have been requited if Lender still held the Security Instrument, each mcanthly payment shall. also include either: (i) a sum for the annual mortgage insurance premium to he 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 ate called "Escrow Items" and the sums paid Ut 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 maximurn atnouul that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.(.'_ Section 2601 et seq. and implementing regulations, 24 CFR Pari 3500, as they may be amended from time to time ("RESPA"), except chat the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements befilre the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium- -4R(NEI (9601 ~ Page 2 of 8 Init Is: ~~