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2oioos�4o provides for monthly payments, with the full debt, if not paid earlier, due and payable on D e c e m b e r 1, 2 0 4 0 . This Security Instrument secures to T�ender: (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 surns, wiCh interest, advanccd under paragraph 7 to protect tl�e sccurity of this Security Instrunnent; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Nate. For this purpose, Borrower irrevacably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Ten (10) in Block Twen�y-7wo (22), in Charles Wasmer's Addition to the City of Grand Island, Hall County. Nebraska. Farcel ID Nunnber: 400108674 which has tl�e address of 3 2 0 S M a d i s o n S t [Street] Grand I sl and (ciry�, Nebraska 68801 [ziP coae� ("Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacernents and additions sha11 also be covered by this Security Instnunent. All of the foregoing is referred to in this Security Tnstrurnent as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and chat ct�e Praperty is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonn covenants with limit�d vaziations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and L,�nder covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower 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. Barrower 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 assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which 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 Security Instrument, each monthly payment shall also include either: (i) a sum for the annual martgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrunzent is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are c�lll�d "Escrow Items" and the suxns paud to Lender are called "Escrow Punds." FHA Deed of Truat-NE VMP � " Wolters Kluwer �,indnCial Servlcea ° � aise 1 ;� VMP4RINE1108091 Page 2 of 9 � '� e