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<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
<br />provides for monthly payrnents, with the full debt, if not paid earlier, due and payable on Nave�mber 0]., 2040
<br />. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other surns,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the perfarniance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following descx'ibed property located
<br />in Hall County, Nebraska:
<br />T,OT TWENTY (20) IN BLOCK ONE (1) IN ISLANA ACRES NLTI�IDER 2 IN THL C�TY OF GRAND
<br />TSLAND EiALL COiTI�Y NEBRA3KA.
<br />"PURCHAS$ �40N8Y"
<br />Parcel ID Number: 40048523
<br />which has the address of 1320 IsLE RD [s�rcct]
<br />Grand Island [c�ty], Nebraska 68803 [zip coac� ("Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and atl easements,
<br />appurtenances and fixtures now or hereafter a part af the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agarees that MERS holds only legal title to the interests granted by Borrower in this
<br />Security Instruxnent; but, if necessary to cornply with law or custom, MERS, (as nominee for I,ender and T,ender's
<br />successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right
<br />to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COV�NANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTR�]MENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to 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. Borrawer shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessments levied ar to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban D�velopment ("Secxetary"), or in any year in
<br />which such prennium would have been required if Lender still held the Security Instnunent, each rnonthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to ba paid by Lendcr to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insu� premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />8800906010 ,,$800906010
<br />Initials:���
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