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2oioos9oi Lot Nine (9) Block Ttaenty (2Q) Charles Wasmer's Addition, City of Grand Island, Hal� County, Nebraska. which has the address of 17Q8 WEST CHARLES STREET, GRAND ISLAND [Street, c;ty� , Nebraska 68803 [Zip Code] ("Properry Address"); TOGETH�R WITH all the improvezr,ients now or hereafter erected on the property; and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions slaal.l also be covered by this Securiry Instruznent. All of the foregoing is referred ta in this Security Instrument as the "Property." Bonower understands and agrees that MERS holds only legal tide to th� interests granted by Borrower iz� tla.is Security Insmiment; but, if necessary to comply with lavv or custom, MERS (as nominee for I.,en.der aind Lender's successors and assigns) has the right: to exercise any or all af thase interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lendez including, but not limited to, releasing and canceling this Securiry Instrum.ent. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that tl�.e Praperry is unencumb�red, except for encumbrances of record. $orrower warz'ants and will defend penerally the title to the Property against all claims and demaxxds, subject to any encumbxances of record. THIS SECURITY INSTRUMEN'� combities uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security izisrrument covering real property. LTNIFORM COV�NANTS. Borrower and Lender covenazzt atid agree as follows: 1. Payment of I'rincipal, 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 Nnte. 2. Monthly Payment of Taxes, Insurance, and Other Charges. Borrower shall include in each rnonthly payment, to�ether with the prizacipal and itatezest as set forth in the Note and any late charges, a suzn for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments ar ground rents on the Property, and (c) premiums for insurance required under Para�raph 4. In any year in which the Lender must pay a mart�a;e insurance premiun:i to the 5ecretary of Housin� and Urban Development ("Secretary"), or in any year zn which such premium would have been required if Lender still held the Securiry Instrument, each monthly payment shall also include either: (i) a suzn for the annual mortgage ir�suzance prexnium ta be paid by Lender to the Secretary, or (ii) a montk�ly chaxge instead of a mortgaae iuxsurance premium if this Securiry Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the xnonthly charge by tk�e Secretary, these itetns az'e called "Escrow Items" and the sums paid tn Lender are called "Bscrow Funds." GV2171-2 (696) Page 2 of 8 FHA Nebraska Deed of Trust I I��I�I II��I II�II ��III IIIII IIIII I�III IIII� IIIA� III�I IIII II'llll'll �II�I� II�'I II�II I�I'I IIII IIII 7� .�, p 1� 8 4 6 3 3 G V 2], 7 J, �� �