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20�007927 Lot One (1), Park View '�hixd Subdiv�sion in the City of Grand IsXand, Hall County, Nebraska. which has the address af Z3Q5 PARK DRiVE, GRAND ISLAND [Strcet, Ciry] , Nebraska 6$801 �z�� coae� ("Properry Address"); TOGETHER WITH all the impravemez�ts now or hereafter erected on the properiy, and all easements, appurtenances, and fa�cCures now or hereafter a part of the property. All xeplacements and additions shall also be covered by this Security Lnstrument. All of the foregoing is referred to in this Securiry Instrument as the "Froperty." Borrower understands and a�rees that MBRS holds only legal title to the interests granted by Borrower in this 5ecuriry Instxument; but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not lunited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the ri�ht to grant and convey the Property and that the Property is unen�umbered, except for encumbrances of record. Barrower warrants and wi11 defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS 5LCURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrurnent covexing real property. UNIFORM COVENANTS. Borrower and Lencler covenant and agree as follows: 1. Pa;Vment of P"rincipal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due un.der the Note. 2. Monthly Payment of Taxes, Insurance, and Other Charges. $orrowez' shall include in each monthly payment, toaethez' with the principal and interast as set forCh in the Note and any late char�es, a sum for (a) taxes and special assessments leviEd oz to be levied against the Praperty, (b) leasehold paym�nts or ground rents on rhe Properry, and (c) premiums for insurance requixed under Para�raph 4. in any year in which the Lender must pay a xnort�a;e insurance premium to tlae Secretary of Housing and Urban Development ("Secretary"), or i�n any year in which such premium would have been required if Lender still held the Securiry Instrument, each monthly payment shall alsa include either: (i) a sum for the ant�ual �nazt�a�e insurance premitun to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Secuz'iry Instrument is held by the SecrAtary, 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 surns paid to Lender are called "Escrow Funds." GV2171-2 (696) Page 2 of 8 FHA Nebraska Deed of'Z'rust I II'��I IIIII IIIII I'lII IIIII II�I� IIII� III�I II'I� �II�� IIII II�III �II �II�II III�I IIAII I��I IIII I�II ], 1, � 1 2 6� 1, 6 3 G V� 1, 7 1, �� �r1'l.f�