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201007E�� provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 1, 2040 . This Security lnstrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modi�cations of the Not�; (b) the payment of a11 otk►er sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Inatrument and the Nnte. For this purpose, Borrower irrevocably grants and convey� to the Trustee, in trust, with power of sale, the follawing described property located in H A L L County, Nebraska: Lot Four (4), Block Eighty Nine (89), Wheeler and Bennett's Fourth Addition to the City of Grand Island, Hall County, Nebraska. Parcel ID Number: 400138123 which has the address of 10 7 E 17 � h S t �Street] G r a n d I s 1 a n d �c�cy�, Nebraska 6$801 �z,P coaz� ( "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 of the property. All replacements and additians shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Froperty." 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 encumbranc�s of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRLTMENT combines uniform cvvenants for national use and non-uniform covenants with lin:�ited variatians by jurisdiction to constitute a uniform security instrument covering real property. Bprrower 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 Nate and late charges due under the Note. 2. Monthly .Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Froperty, (b) leasehold payments or ground rents on the Property, and (c) prezniums for insurance required under paragraph 4. In any year in which the Lender 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 for the annual martgage insurance premium to be paid by Lender to the Secretary, or (ii) a rnonthly 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 L�nder are called "Escrow Funds." 0451015175 4196 FHA �eed of Trust-NE � VMP4R(N� (0808) VMP g Wolters Kluwer Financial Services � Page 2 of 9