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20100529$ which has the address of: 618 S plum Rd, Grand Island, NE 6881)1 ("Property Address"). TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, and fixtures now ar hereafter a part of the property. All replacements. and additions shaft also be crnrered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS 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 only encumbered by a First Security Instrument given by Borrower and dated the same date as this Security Instrument ("First Security Instrument"). Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbrances of record. TMIS 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• UNIFdRM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall pay when due the prindpal af, and interest on, the debt evidenced by the Second Note, 2. Payment of property Charges. Borrower shall pay all property charges consisting of taxes, ground rents, flood and hazard insurance premiums, and special assessments in a timely manner, and shall provide evidence of payment to Lender, unless Lender pays property charges by withhdding 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. Lender may require Borrower to pay specified property charges directly to the party awed payment even though Lender pays ether property charges as provided in this Paragraph. 3. Firs, Flood and t]thsr Hazard Insurance. Borrower shall Insure all Improvements an the Property, whether new in existence or subsequently erected, against any hazards, casualties, and cantingendes, including fire. This insurance shall be maintained in the amounts, to the extent and for the periods required by Lender. Borrower shall also insure all improvements on the Properly, whether now in existence or subsequently erected, against bss by floods to the extent required by Lander. The insurence policies and any renewals shall be held by Lender and shall include loss payable clauses in favor of, and in a form acceptable ta, Lender. In the event of loss, Barrarvsr shall give Lender immediate notice by mail. Lender may make proof of loss iF not made promptly by Borrower. Each insurance company ooncemed is hereby authorized and directed to make payment for such loss to Lender, instead of to Borrower and Lender Jointly. Insurance proceeds shall be applied to restoration ar repair of the damaged Properly, N the restoretian ar repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance. proceeds shalt be applied first to the reduction of any indebtedness under the Second Nate and this Security Instrument. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Second Note and this Security InsWment shall be paid to the entity legally entitled thereto. In the event of foreclosure of this Security Instrument or other transfer of title to the Property that III~I II ~Ilial 11111 I II i l l 1 i l I~~ q 2 S4Z 4 Z 0 Moripage Cadence, inc. m oz79 (nrror> (2019) Nebraska Second Deed o1 Trued -HELM FIXED RATE