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<br />performance of Borrower's cavenants and agreements under this Security Instrument and the Note. For this purpase,
<br />Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the follnwing described properry
<br />located in HALL Caunty, Nebraska:
<br />I.PT THREE, EAGLE SUBD�VISIO�, HALI, GAUNTY, NEBRASKA.
<br />APN #: �00209802
<br />which has the address of 632 z�zz�n�rr �►v�, G�rn zsr�xp,
<br />Nebraska 68801-8654
<br />[Zip Cade]
<br />("Property Address");
<br />(5treet, City],
<br />TOGETHER WITM all the improvements now or hereafter erected on the prraperty, and all easements, appurtenances
<br />and fixtures now or hereafter a park of the praperty. All replac�ments and additions shall also be cavered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and
<br />agre�s that M�RS holds only legal title to the interests granted by Borrower in this 5ecurity Instrument, but, if necessary
<br />to comply with law or cus#om, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to
<br />exercise any ar all of those interests, including, but not limited tv, the right to foreclose and sell the ProperCy; and to take
<br />any action required af Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORR�W�R COVENAN7S that Bnrrower is lawfully seized ofthe estate hereby conveyed and has th� rightto grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Bnrrnwer
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />7HIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiation tn constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest
<br />on, the debt evidenced by the Nnte and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly payment,
<br />together with the principal and interest as set forth in the Note and any late charges, a sum far (a) taxes and special
<br />assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and
<br />(c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgag� insurance
<br />premium tothe Secretaryof Housing and Urban Develapment ("Secretary"), or in any year in which such premium would
<br />have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum
<br />for the annual mortgage insurance premium ta be paid by Lender to the Secretary, or (ii) a monthly charge instead of
<br />a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be
<br />determined by the Secretary. �xcept for the monthly charge by the Secretary, these items are called "Escrow Items"
<br />and the sums paid to Lender are called "Escraw Funds."
<br />Lender may, at any time, collect and hold amounts for Escrow Items in an aggregaCe amount not to exceed the
<br />maximum amount that may be required for Borrower's escrow account under th� Real Estate 5ettlement Procedures
<br />Ac# of 187�F, 12 U.S.C. 5ection 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended
<br />from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements
<br />or disbursements before the Borrower"s payments are available in the account may not be based on amounts due for
<br />the mortgage insurance premium.
<br />If the amounts held by Lender for Escrow Items exceed the amounts permitked to be held by RESPA, Lender shall
<br />accnunt to Borrower for the excess funds as required by R�SPA. If the amaunts af funds held by Lender at any time is
<br />not sufficient to pay the Escrow Items when due, Lender may notify the Borrower and require Borrower to make up the
<br />shortage as permitted by RESPA.
<br />The Escrow Funds are pledged as addi#ional security for all sums secured by this Security Instrument. If Bnrrnwer
<br />tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the balance remaining
<br />for all installment items (a), (b), and (c) and any mortgage insurance premium installment that Lender has not become
<br />obligated to pay to the Secretary, and Lender shall promptly refund any excess funds to Borrower. Immediately prior
<br />to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall be cr�dited with any balance
<br />remaining for all installments for items (a), (bj, and (c).
<br />3. Appllcation af Payments. All payments under paragraphs 1 and 2 shall be applied by Lender as follows:
<br />F� to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by ths
<br />Secretary instead of the monthly mortgage insurance premium;
<br />FHA Nebraska Daed oi Trust - 4/86
<br />Qnline ppcuments, Inc.
<br />Paga 2 of 6
<br />Initialss �""
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<br />N EFHA�Q2
<br />10-21-2010 17s51
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