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�4100891�
<br />This debt is evidcnced by Bnrrower's note dated the same date as this Security lnstrument ("Note"), which
<br />provides for monthly payme»ts, witl� Chc full debt, if nnl �aid earlier, due and payable on December O1, 2040
<br />.']'his Security [nstrument secures to Lender: (a) the repaymcnl of the debl evidenced by the
<br />Note, with ii�terest, and all renewals, extensions and modifications of' the Note; (b) the p�yat�ent of' al] otl�er sums,
<br />witl� intcrest, advanced under para�raph 7 io proteci the securify of'this Securiiy lnstrument; and (c) the performance
<br />of Borrawer's covcnants and a�reements under this Security Instrument and the Note. Fqr thrs purpose, Barrower
<br />irrevocably granCs and conveys to thc Trustee, in trusi, with power of sale, lhe following described property located
<br />in Hall County, NeUrasl:a:
<br />Lod Five (S), Block D, Parl:-View Subdivision in the City of Crand Island, Fiall County, Nebraslca.
<br />Parcel IT7 Number: 4d00761.79
<br />which has the address of 2418 Pioneer Blvd
<br />�Streel]
<br />Grand Tsland [C;ry], Nebraska 68801 [Zip Code] ( "Praperty Address");
<br />'fOGETHER WIT�1 all the improvements 170W or hereafter erected on the property, and all easements,
<br />�ppurtenances and fixtures now ar hereafter a part of the property. All replacements and a.dditions sl�all alsn be
<br />cavered by this Security Instrumeni. Al] of the foregoing is referrcd to in this Security Instrument as the "Property."
<br />Bprrower understands and agrees that MERS holds anly legal title to the interesis granted by Borrower in this
<br />Security Instrument; bui, if necessary to comply with ]aw ar custom, MERS, (as nominee for Lender and Lender's
<br />successors and assigns), has thc right: to exerc�se any or all of those interests, including, but not limited to, ihe ri�ht
<br />to foreclose and sell the Property; and to take any action required of Lender includin�, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER C�VENANTS that Borrawcr is lawfully seized of the estate hcreby conveyed and has the right ta
<br />grant and convey the Property and that the Property is unencumbered, except far ei�cumbrances of record. Borrower
<br />warrants and wil] defend generally fhe trtle to the Property against al] claims and dema»ds, subjecl tn any
<br />encumbrances of record.
<br />T1��15 SECURITY INSTRUMENT combines unif'orm covenants for national use and nornuniform covenants
<br />with limited variaiions by jurisdiction to canstitute a unitorm security instrument cavering real property,
<br />T3orrower and l .,ender covenani and agree as fallows:
<br />iJNIFORM COVENANTS.
<br />1. Payment af Principal, Intcrest and Late Charge. Borrower shall pay when due the principa] of, and
<br />interest on, the debi evidenced by the 1�]ate and late charges due under the Note.
<br />2, Monthly Payment of' Taxes, lnsurance and Other Charges. Borrower shall include in each monthly
<br />payment together with the principal and interest as set forth in tl�e Note and any late charges, a swn for (a) iaxes and
<br />special assessments levied or io be levied a�ainst the Property, (b) leasehold payments or ground rents rn� the
<br />Property, and (c) pre�niurns for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mort�age insurance prcmium to the Secreiary of Housin� and Urban Uevelopment ("Secretary"), or in any year in
<br />whic;h such premium would have been required if Lender still held the Secur�ty Instrumeni, each monthly payment
<br />shall also includc eitlier: (i) a sum for the annua] moriga�e insurai�ce premium to be paid hy Lender to the Secretary,
<br />or (ii) a monthly charge insiead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasoaiable amount to be determined by the 5ecreiary. �xcept for thc monthly charge by lhe Secretary, these
<br />iiems are called "Escrow Items" and the sums paid to Lea�der are called "Escrow Funds."
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