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20100�735 of Borrower's covenants and agreements under this Security Instrument anci the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, tlie following described property located in �+�L Count , Nebraska: LpT QNE (1), LE HEIGHTS FOURTH SUBDTVISION, TN THE CITY OF GRAND ISLAND, HALL COUNTY. ATEBRASKA. THIS TS A PURCHASE MONEY SECCTRITY INSTRUMENT. TAX STAT�I�ENTS SHOU�,D BE SENT TQ: WELLS FARGO HOM� MORT'GAGE, P.O. HOX 11701, NEWARK, NJ 071014701 which has the address of 4204 KAY AVE, Gxp,rTn xSL.�ND [streec, city], Nebraska 68803 [zip cod�� (^pr�perty Address"); TOGETHER WITH a11 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 additions shall also be covered by this 5ecurity Instrument. All of the fore�oing is referred to in this Security Instaument as the "Property. " BORROWER COVENANTS that Borrower is lawfully seized af 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 Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifarm covenants for national use and non-uniform covenants with lunited variations by jurisdiction to constitute a uniform security instrurnent covering real property. Borrower and Lender covenant ancl agree as follows: UNIFORM COVENANTS, 1. Payment of �rincipal, �nterest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note anci late charges aue under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment, together vvith the principal and interest as set forth in the Note and any late charges, a surn for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. Tn any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housin� and Urban Develapment ("Secretary"), or in any year in which such premium would have been required if Lender sti11 held the Security Instrument, each �nonthly payment shall also include either: (i) a surn for the annual mortgage insurance premium to be paid by �,encler 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 inonthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any tirne, collect and hold amounts for Escrow Items in an. a�gregate amaunt not to exceed the maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and impleznentin� regulations, 24 CFR Part 3500, as they may be a�nended froin time to time ("RESPA"), except that the cushian ar reserve permitted by RESPA for unanticipated disbursements or disbursem�ents before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. �-4��) (9601) Page 2 of 8 Initials: ��