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201oo4~ss performance of Borrower's covenants and agreements under this Security Instrument and the Note. The full debt, including amounts described m (a), (b}, and (c) shave, if not due earlier, is due and payable on OCTOBER 8TH, 2091 .Far this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the folbwtng described property located in HALL County, Nebraska: 5EE ATTACHED which has the address of 2115a21W WAUGH STREET (street] GRAND ISLAND ,NE 68803 ("Property Address"); (City] [state] (Zip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, and factures now or hereafter apart of the property. All re lacements and addttians shall also be covered by this Security Instrument. All of the foregoing is re~erred to in this Security fnstrument as the "Properly." BORROWERCOVENANTS 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. Borrower warrants and will defend generally the title to the Property against al( datms and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering r®al ppropperty. UNIFO M COVENANTS. Harrower and Lender covenant and agree as follows: 1. Payment of Principaland Interest. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Note. 2. Payment of Property Charges. Borrower shall pay all property charges consisting of taxes, ground rents, flood and hazard insurance premiums, and specta assessments in a timely manner, and shall provide evidence of payment to Lender, unless Lender pays property charges by withholding funds from monthly payments due to the Borrower or by charging such payments to a line of credit as provided for in the Loan Agreement. 3. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazards, casualties, and contingencies, includir~ fire. This insurance shall be maintained in the amounts, to the extent and for the periods regwred by Lender or the Secretary of Mousing and Urban Development ("Secretary"). Borrower shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by foods to the extent regwred by the Secretary. All insurance shall be carved with companies approved by Lender. The insurance paltcies and any renewals shall be held by Lender and shall include bss payable clauses in favor of, and in a form acceptable to, Lender. In the event of Toss, Bonnwer shall give Lender immediate notice by mail. Lender may make proof of bss if not made promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make payment far such loss to Lender instead of to Borrower and Lender jointly. Insurance proceeds shall be applied to restoration or repair of the damaged Property, if the restoration or repair is economically feasible and Lender's First American Loan Production Services Nebraska HELM Security Instrument Q 2006 First American Real Estate Solutions LLC FALPS # UBp1 : 05/06 Page 2 NMFL #l8607NE (QFNE)