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201008145 This 5ecurity Instrument secures to l.endcr: (a) the repayment of the debt �videnced by the Note, with interest, ar►d all renewals, ext�nsions and modiFications aP lhe Note; (h) the pa,yment ol' all ather sums, with interest, advanced under paragraph 7 to protecl the security of ihis Security Tnstrument; and (c) the performance of Borrower's covenants and agreements under tl�is Security Tnstrum�nt and Ihe Note. For this purpose, Borrower irrevocably grants and conveys to Ih� `T'rustee, in trust, with power of sale, the following describ�d property located in HA�L. Coi�nty, Nebraska: I,ot Four (G), Block Forty—seven (47), Russel. Wheeler�s Addition to the City o� Grand Island, Hal.l Counky, Nehraska Parcel ID Number: PARCEI. NO.: 4Qq123347 which has the uddress of GRANQ ISI.AND 719 W 12TH STRF�f [Street� [��iYl� Nebraska 688Q1- IGip Code) ( "Property Address"); TOGETHER WIT�-� all the improvem�nts nc�w or hereafter erected on ttre property, and all easements, appru•ter�ances and fixtures nc�w nr hereafler a part of the pro�erty. All replacenients and additinns shall also �e covered by ihis Security Instrri►nent. All of the f'nreguing is referred to in this Security Instrument as the "Property." Borrower �mderstands and agrees lhat MERS holds only le�al title lo tl�e interests granted by Borrower in this Security Tnstniment; but, if necessary to comply with law or custam, MERS, (as nominee t'or Lender and Lender's succ�ssc�rs and assigns), has the right: tn cxercise ar►y or all of those interests, including, but not limited ta, the right ln foreGlase and sell the Property; and to lake any action required of Lender inc:luding, but not limited to, releasing or canccling this Security Instrument. RORROW�R C(�VENANTS that Borrower is lawfully seized of the estate here6y conveyed and has the ri�ht tn granl and convey t}re Property and that lhe Property is unencumbered, �xcepl f'or encumbrances of recard. Bnrrower warrants and will dcFend generally the tide to ttae I're�perty against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUM'�,N'T" combines uniform cavenants for national us� and non-unifnrm covenants with limited variations Uy jurisdiction to constitute a uniForrra securiry instrument coverin� real property. Borrowe�� and Lender covenant and agree as Follnws: UNIFORM CQVENAN`I'S. 1. Payment of Principal, Interest and Late Cl►arge. Borrower shall pay when c�ue tlre principal of, and intcrest on, th� debt evidence� by the Note and late charges due under the Note. 2, Monthly Payrnent of Taxes, Insurance and Other Charges. 13orrower shall include in each monthly payment, lo�;ether with tt►e principal and interest as set forth in the Nole and any late charges, a surr� f'or (a) taxes and special assessr�rents levied or to be Icvicd a�air�st the Properly, (b) leasehold paymenls or grourrd rents on tl�e Prop�rty, and (c) premiums for insrirance requirecl under paragrapt► 4. In any year in which lhe Ler�der must pay a mortgage insurancc preiriium lo the 5ecretary of liousi��g and UrUan Development ("Secretary"), or in any year in which such prerniurn would have been required if I.ender still kieW tl�e 5ecurity Instrument, eacti mnnthly payment shall also include either: (i) a stun f��r the anm�al rnortgage insw•ance ��remium to be paid by Lender to the Secretary, or (ii) a monlhly ct�a►'ge instead of a mortga�e insi�ranc'e Iarerniun� if [his Security Instniment is I�eld by the Secretary, in a reasonable amount lo be determined by the Secretary. Fxc:ept fnr the rnonthly char�e by the Secretary, ttrese items are called "k,scrnw Ttems" and the sums paitl to I.ender are called "Escrow Funds." V-4N(N� �oao��.oi Paye 2 vf 8 ��