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201004948 Notts, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Liorrower'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 County, Nebraska: THE SOUTHERLY THREE (3) FEET OF THE EASTERLY HALF (E]./2) OF LOT FIFTY $IX (5E) AND ALL OF LOT FIFTY SEVEN (57), IN WEST LAWN, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Parcel ID Number; 400115492 Which has the address of 1818 N FARTC AVE 1StreetJ GRAND ISLAND [CityJ, Nebraska 68803-2730 ['Lip 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 cif the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument 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 1'ropcrty against all claims 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 real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 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 Notc. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal a~~d interest a set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied ar to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the bender must pay a mortgage insurance premium to the Secretuy of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Gender Still beta the Security Instrument, each monthly payment shall also include either; (i) a sum for t11e 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 determined 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 be required far Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments arc available in the account may not be based on amounts due for the mortgage insurance prcixaium. 303253 -4R(NE)~oao~~.oi r~~nz of a m~aais: ` l ~~~