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<br />This debt is evidenced by Borrower's note dated the same date as this S�curity Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on December O1, 2040
<br />, This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with ii�terest, and all renewals, extensio»s a�7d modifacations of the Note; (b) the payment of all other sums,
<br />with interest, advanced under pa�'agraph 7 to protect the security nf this 5ecurity Instrument; and (c) the performance
<br />of Borrower's covenants and a�reements under this Security Instrumei�t and tl�e Note. For tkus purpose, $orrower
<br />irrevocably gxants and convcys to the Tzustee, in trust, with power of sale, the following described property located
<br />in Hall Coutaty, Nebraslca:
<br />I,ot Three (3), B1ock �renty—four (24), Packer and Barr's Secand Additian
<br />tp the City of Grand Island, Hall Cnunty, Nebraska
<br />Parcel ID Numbez: 400070S39
<br />wluch has the address of 236 Waldo Ave
<br />(Street]
<br />Grand Islan3 [C�ry], Nebras�Ca 68B03 [Zip Code] ( "Property Address");
<br />7'OGETHEK WITH all tl�e iznprovements now or hereafter °rected on the properiy, and all easements,
<br />appurtenances atld fixtures now or hez eafter a part of tlae pi All replacements atld additions shall also he
<br />covered by this 5ecurity Instrument. All of the foregoing is referred to in tl�is SecuritV Instrument as the "Properry."
<br />Borrower understands and agrees that MEILS l�olds only legal title tc� the interests gra��ted by Bnrrower in this
<br />Security Instrument; but, if necessary to coa�x�ply with law or custom, MERS, (as nominee for Lender and T,ezlder' s
<br />successors and assigns), has the ri�ht: to exerc�se any or all of those interests, including, but not limited to, tbe ri�ht
<br />to foreclose and seli the Property; and to take any activil rec�uired of Lender including, but not limited to, releasing or
<br />cancelin� this 5ecurity Instrurnent.
<br />BORROWEK COVENANTS that Borrower is lawfiilly seized of t11e estate hereby conveyed and has the right to
<br />�*rant and convey the Property and that the Property is urxencumb�red, except for encumhrances of record. Borrower
<br />wart'ants and will defend generally the title to the Property against all claims az�d demands, subject to any
<br />encumbrances of record.
<br />THTS SECUFU"1'X INS'T'RUMENT combines uniform covenat�ts 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 />UNIFQRM COVENANTS.
<br />]. Pavment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and latc charges due under the Nate.
<br />2. Monthly Payrnent pf Taxes, Insurance and Other Charges. Borrower shall inciude in each monthly
<br />payment, to�ether with the prfncipal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Properry, (b) leasehold payments or ground rents an the
<br />Praperty, and (c) premiums for insurance required under para� aph 4. In any year in wlaich the Lender must pay a
<br />mort�;age insurance premium ta the Secretary of Housing and Urban Development ("5ecretary"), or in any year m
<br />which such premiuzn would have been required if Lender still held ihe Security Instrument, each monthly payment
<br />shall also include either: (i) a swn for the annua] mortgagE iiYSUrance pramium to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a rnortga�e insuratace premium if this 5ecurity Instrument is held by the Secretary,
<br />in a reasbnable amaunt to be deterrt�ined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items aze called "Escrow Items" and the sums paid to Lendcr are called "Escrow Funds."
<br />1351D1g892
<br />�j-4N(NE) (oao�� Pe9B 2 of a
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