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��.��8�4 provides for monthly payments, with the full debt, if not paid earlier, due and payable on November 1, 2040 . This Security Instn�ment secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with ianterest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under ihis Security Instnunent and the Nnte. For this purpose, Banower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the fallowing described property located in H a 11 County, Nebraska: Lot Twelve (12), Block One (1), Colonial Estates Subdivision in the City of Grand Island, Wa11 County, Nebraska. Parcel ID Nurnber: 40 0 0 35 731 which has the address of 2 913 W 13 t h S t [$�erl G r a n d I s 1 a n d �c�ry�, Nebraska 688 0 3 (zip coae� ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenanc�s and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instnunent. All of the foregoing is referred to in this Security Instrurnent as the "Property." BORROWER COVENANTS that Barrower 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 encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and dermands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT cornbines uniform covenants far national use and non-uniform covenants with limited variations by jurisdiction to canstitute a uniform security i.nstnunent covering real property. Borrower and Lender cavenant and agree as follows: UNIFORM COVENANTS. 1. Payment of PrIncipal, Interest and Late Charge. Bonower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Bonower 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 assessrnents levied or to be levied against the Property, (b) leasehold payments or ground rents an the Praperty, and (c) prerniwns for insurance required under pazagraph 4. In a,ny year in vvhich 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 Securiry Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance prEmiurn if this Security Instrunnent is held by the Secretary, in a reasonable arnount to be determined by the 5ecretary. �xcept for the monthly charge by the Secretary, ihese items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." -• FHA Deed Of TrUat-NE 4/98 VMP � VMP4R�NE) (0809) Wolters Kluwer Financial Services Page 2 ot 9