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2010028$0 LEGAL DESCRIPTION ATl'ACHIH.ll HER1?'I'O AND MAD)r A PART HEREOF. which has the address of 3004 WEST 13TII STREET, GRAND ISLAND [sircet. Carl . Nebraska G8803 [zin coed ("Property Address"); TOGETHER W1TH all the improvements now nr hereafter erected on the property, attd a[l easements, appurtenances, aztd fixtures now ox hereafter a part of the property. All replacements ar~d additions shalt also 6e covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MFRS holds only kegal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MFRS (as nominee for Lender and Lender's successors and assigns) has the rigktt: to exercise any or elk of dtose interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but trot limited to, releasing and canceling thks Security Instrument. BORROWER COVENANTS that Borrower is lawfiilly seised of the estate hereby conveyed and has the right to grant and convey the Property aztd that the Property is unencumbered, except for encumbrances of record. Borrawez warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and nan-uniform covenants with lirttited variations by jurisdiction to constitute a uniform security instrument covering zeal property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment vF Principal, baterest 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 Nate. Z. Monthly Payment of Taxc"s, Insurance, and Qther Charges, Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Notc and any late charges, a sutra for (a) taxes and special assessments levied vz to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) pxetniums for insurance required under Paragraph 4. In any year in which the bender 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 far the atmual 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 deternnkned by the Secretary. 1~xcept for the monthly charge by the Secretary, these items are called "I?scraw Items" aztd the sums paled to Lender are called "Escrow Funds." t3V2171-2 (696) Page 2 of S FHA Nebraska Deed of Trust 111111 IIIII II II Illll IIIII IIII ~lII 11111 IIIII IIIII IIII 1111111 lil 111111 IIIII IIIII IIIII IIII II II ]. 1 L7 1 1, 6 5 l7 7 d G V 2 1 7 1 ~~~~