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20100515$ rmance of Borrower's covenarts and a~reaments under this Security Instrument and the Note. fihe full debt, including amounts described m (a), (b), and (c) above, if not due earner, Is due and payable an o~muR 8TH, zoss .Fart purpose, Borr+onti-er irrevocably grants and evrrveys t4 Trustee, in trust, with power of sale, the folknerrng described properly located In I~AI.I, Gounty, Nebraska: Sk"E !-TTACF~D which has the address of 312 >6r 16Ta ST fsu'~9 c>a~vo ItiLl->rtD ,tom s88o1 ("Property Address"3; [c-h~1 [sal [~ gel TOGETHER WITH aR the irnprovernerrts now yr hereafter erected an the property, and elf easements, rights, appurtenances, and f`ixtur~ now ar hereafter a part of the property. All reptaoemerrts and additions shag also be covered by this Security Inslrumer-it. Ail of the foregarng rs referred to in this Security Instrument as the "Properly " hORROWERCOVENANTS that Harrower is lawfully seised of the estate harsh oanveyed and has the right to grant and convey the Property and that it,!e Propsrt~ is unencumbered. Borrower warrants and will defend generally the title tq tits Properly against elf daims and demands, subject to any encumbrances of necorrf. 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 T@at prop y. UNIFORM COVENANTS. BorTVwer and Lender covenant and agree as follows: 1. Payment of Prlnalpaland Interest. harrower shall pay when due the principal of, and interest on, the debt evidenced by the Note. 2. Payrne-nt of propeey Charges. 9or~rnwer shall pay all rty changes consisting of taxes, ground rents, food and hazard insurance premiums, and special assessrnerrts in a timecl~vamanner, and shall provide evidence of payment to Lender, unless Lender pays property rges 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. t=1ra Flood and Other Mszard Insurance. Bonower shall insure a!I improvements vn the Propperty, w~iether now in existence or subsequently erected, against any hazards, casualties, ana contingencies, including hre. This insurance shall be maintained in the amounts, to the extent and far the penods required b Lender or the Secretary of Housing anti Urt~an Development ("Secretary"). Borrower shall also insure all improvements on the Property, whether now in existerxae or subsequently enacted, against loss by floods to the extent required by the Secretary. All insurance shaA be carried wish companies approved by Leerier. The insurance ponies and any renewals shall be held by Lender and shall include lass payable clauses in favor of, and in a form acveptable 150, lender. In the event of bss, Borrower shall ggive Lender immediate notice oy mail. Lender may make proof of bss if not made promptty by Borrower. Each insurance company concerned is hereby authonzed and directed to make payment for such bss to Lender inslead of to l3vrrower and Lr~nder jointly. Insurance proceeds shall be appUed to restoration or rr3pair of the damaged Property, if the restoration or repair rs economically feasible and Lender's First American Loan Production Servioris Matx~aska HECM Security Instrument Q 20D8 First American Real Estate Solu6vns LLC FALPS # [1801 : 05J0~ Page 2 NMFL #'t8807NE (4FNE)