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201008098 Lot Ten (10), Knickrehm �ighth Addition to the City of Grand Island, Hall County, Nebraska which has t.la.e address of .'.215 NORTH SYCAMORE STREET, GRANn ISLAND CStreet, Ciryl , Nebraska 68801 CZip Code] ("Property Address"); �'OGETHER WITH all the iznprovements now or hereafter erected on the property, and all easements, appurtenances, and fixtuxes now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoang is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title ta che interests granted by Borrower fn this Securiry Tnstrument; but, if necessary to compiy with law or cuscom., M�RS (as naminee for Lender a�nd Lender's successors and assigns) has the ri�ht: to exercise any or all of those interests, including, but not limited to, the z'ight to foreclase and sell th� Property; and to take any action required of Lender iucluding, but not limited to, releasing and canceling this Security Instrument. BORROWER COV�NANTS that Borrower is lawfully seised of the estate hereby canveyed and has tl�e ri4ht to grant and canvey ihe Property and that Che Properry is unencumbered, except for encumbrances of record. $orrower warrants and will defend �enerally the title to the Properry against al] clauns and demands, subject ta any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with lunited variations by jurisdictian to canstitute a uniform securiry it�stxument covering real property. UNT�'ORM COVENANTS. Borrower and �.ender covenant and agr�e as fallows: ].. Payment of Principal, Interest and Late Charge. Bo�ower shall pay when due tkie principal of, and ir�terest on, the debt evidenced by the Note and late charges due un.der the Note. 2. Monthl}� �ayment of Taxes, Insurance, and �ther Charges. Borrower shall include ix� each monthly paymen.t, together with the prix�.cipal and intprest as set forth in the Note an,d any late charges, a sum for (a) taxes and special assessments levied or to be levied against tXie Property, (b) leasehold paymenTS or ground rents on the �roperty, and (c) premiums for insuz'ance required under Paragraph �1. In any year in which tk�e Lender must pay a mortgage insuz'ance prert�ium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender stil] held the Seeuriry Instrument, each monthly payment shall also include either: (i) a sum for the annual mort�age insuraaace premium to be paid by Lender to the S�cretary, or (ii) a man.thly charge izastead of a mortgage i.z�.surance premium if tkyis 5ecurity Instrument is held by the Secretary, in a reasonable amount to be dete:rtnined by tlxe Secretary. Except for the mont�aly charge by t1�e Secretary, these items are called "�scrow Items" and the sums paid ta Lender are called "Escrow Funds." GV2171-2 (696) Page 2 of 8 FHA Nebraska Deed of Trust I I��I�I II��I IIIII'IIII II�I� II�II III�I I�II� I�I�I IIIII'I'I �I�IIII �'I IIIIII II��I II�II III'I IIII I�I) 1 1 0 1� 2 6 8�I 3 4 G V� 1 7 1� �� �