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�olooss�s of Bottower's covenanis and agreeznents under tlais Security Intitniment and the Note. kor this purpose, $orrower itrevocably granls and conveys 1.o the TnGStee, in tr�tst, with p��wcr of sale, the lollowing described property located jri HALL ('ounty, Nebraska: LOT SEVENTEEN (17), IN FIESTERN HEIGHTS SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 'THIS IS A PURCHASE MpNEX SECUFtITY INSTRUMENT. TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. HOX 11701, NEWAAtC, NJ b71014701 which has the addre5s oF ��9 �R=AT LANE, GRAND ISLAND [titreet� c�icy], Nebraska 6$gd1 [Lip Code] (��roperty Address"); TOGETI-IER WITH all thc imprnvements now or hereafter etecied on the property, and all easements, apputienances and �xtures nnw or hereaftcr a part of the property. All replucernents and additions shall also be covered by lhis Securily Instn�ment_ All i�f thc foregoing is refcrrcd to in this Security Inetrument ati the "Property." i30RROW�'R (:UV�'NANTS that Bvrtower is lawfully seized af the estatc hereby conveyed and ha5 the right to grant and convey the Property and fhat the Property is unencumbcred, except 1'or encumbrances of recorcl_ I3orrower warrants and will clefenc] generally the title to thc Property against all claims and demands, tiubject to any encumbrances of record. `fHTS SECURITY INSTRUMENT cumbines unifnrrn covenants for national use and non-uniform covenants with limited variations by jurisdiction to constilut.e a �.uiifotm secutity instn�ment covering real properly. Borrower and Lender covenant and agree as fi�llows' LTNIFURM COVI;NANTS_ 1. Payment of Principal, Interest and Late Charge. I3orrowcr shall pay when due the principal of, and interest on, the debt evidenced by the Note and latc charges due undcr thc Note. 2. Monthly Payment nf 'I'ases, Insurance dnd Other Charges. $orrower shall include in cach monthly payment, together with the principal and interest as set forth in the Note and any late chargeti, a sum for (a) taxes and 5pecial asse�sments levied nr t�� he Icvied against the Pro�crty, (b) leasehold payments ar ground rents on the Property, and (c) prernium� for insurance reqiured under paragraph 4. In any year in which thc Lender must pay a mortgaee insurance premium to the Secretary of HouGing and LJrhan Devclopment ("Sectetary"), or in any year in which such premiuin would have been required if Lcndcr still hcld thc Security InSirument, each monfhly payment shall also include either: (i) a�um for the annual morigage in�urance premium to bc paid by Lender lo the Secreiary, or (ii) a monthly charge inslead of a mortgage insurance premium if this Sccurity Instrument i5 held by the Secretary, in a reasonable amount io be determined by thc 5ccrctary. T'xccpt for the inonthly charge by the Secretary, thcsc items are called "Esctow Items" and the suttts paid to Lender are called "Cscrow Funds." Lender may, at uny time, collect and h��ld amourits for F,scrow Items in an aggre�ale amount not to excecd thc maximiun amaunt that inay be tequired For Borrower's enctvw acco�int under the Real Estate Seltlernent Ptocedures Act of 1974, 12 U.S_C:. Seclion 2G01 et seq. and iinplemeniing regulations, 24 (.1�R Part 3500, us lhey may be amenaed frc�m time to time ("RESPA"), excepl that the cushion or reserve permittea hy RrSPA for unanticipated disbursements or disbursements beforc the F3orrower's payments are available in the account may not he based on amounis due fot the mortgage insurancc premium. �^�R�� (9601) Page 2 of B Initials:� �