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2oioos9o� of' Borrower's covenants and agre�ments under this Sscurity Instrument and the Note. For this purpose, Borrawer irrevocably grants and conveys ta the Trustee, in trust, with power of sale, the following d�sc.ribeci prop�rty located in �LL CUUnt , N�braska: LOT NINE ( 9) AND THE NOR�FI 18 F��T 3 INCliES pF T,OT ET,EVEN (11) IN SLOCK ELEVEN (11) OF UNIVERSITY PLACE, AN AADITION TO THE CITX pF GRAND ISLAND, HALL COUNTY, NEBRASKA. TAX STATEMEI�TTS SHQULD BE SENT TO: WELLS FARGO HOME MORTCAGE, P.O. BOX 11701, NEWARK, NJ 0710147Q�. which has the address of Z 21, 6 N SHERMAN BLVD , GRAND I SLAND [srreec, c�ty) , Nebraska 68803 [��P C«ie] ("property Address"); TOGETHFR WITH all the improvements now or hereafter erected on the properiy, and all easernents, appurienanc�s and fixtures now or hereafter a part of the property. All replacements and additions shall also be covc:r�d by lhis Security Instrument. All of the foregoing is referred to in this Security Tnstrument as the "Property." BORROWER COVENANTS that Borrow�r is lawfully seized of the �state hereby canveyed and has the right ta grant and convey the Property and that thc Praperty is uncncumbcrcd exc�pt far �ncumbrances of rer.Urd. Bc�rrower warrants and will defend generally the title to lhe Property against all claims and dernar,tds, subj�c;t t�� any encumbrancc:s of record. THIS S�CURITY INSTRUMENT combines uniform covenants for national use and nan-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering rcal property. Barrawer and I.,ender covenant and agree as follows: UNTFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge, Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Note and late charges due under the Note. 2. Manthly Payment of Taxes, Insurance and Other Charges. Borrower 5narr include in each monthly payrnent, 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 T'roperty, (b) leasehold payments or ground rents on the Property, and (c) premiurns For insurance required under paragraph 4. In any year in which the Lender rnust pay a mortgage insurance premium to the Secretary of Housing and Urban llevelopment ("Secretary"), or in any year in which such premium would have been required if T.ender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a morigage insurance premium if this Security Instrument 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 called "Escrow Items" and the sums paid to Lender are called "Escrow Funds. "' I.ender mdy, at any tirne, collect and hald amaunts far Escrc�w It�ms in an aggr�gal� amount nc�t to exceed lhe maximum amount that may be required far Bonower's escrow account und�r ihe Real Estate Settl�ment Procedures Act of 1974, 12 U.S.C. Section 2601 et seq, and implementing regulations, 24 CFR Part 35Q0, as th�y may b� amended from time to time ("R�,SPA"), except that the cushion or reserve permitted by RE5PA far r�nanticipat�d disbursements or disbursements before the Borrower's payments are available in the account may nak be based on amounts due for the mortgage insurance premium. � 4RINE) �ssoi� Paqe 2 af 8 Ini i ��