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<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on �ecember 1, 2p40
<br />. This Security Instrument secures to Lender: (a) the repaym�nt of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Nnte. For this purpose, Borrower
<br />irrevocably grants and conveys to the 'I'rustee, in trust, with pawer of sale, the following described property located
<br />in County, Nebraska:
<br />The East Half (E1/2) of the Southerly Twelve (12) feet of Lot Three (3) and the
<br />East Half (E1/2) of Lots Four (4) and Five (5), in Block H, MacColl and
<br />Leflang's Second Addition to the City of Wood River, Hall County, Nebraska and
<br />that part of vacated alley as shown in Ordinance No.367, filed July 13. 1994 in
<br />the Register of Deeds Office as Document No.94-105048.
<br />Parcel ID Number: 400180618
<br />which has the address of 3 Q$ W 9 t h S t r e e t [street�
<br />Wood Ri ver [ciry], Nebraska 68883 [zip codel ("Property Address");
<br />TOG�THER WITH all the improvennents now or hereafter erected on the property, and all easements,
<br />appurtenanc�s and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. "
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this
<br />Security Instrurnent; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
<br />successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right
<br />to foreclose and sell the Property; and to take any action required af Lender including, but not lirnited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to -
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY TNSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIPORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Tnsurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a surn for (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on th�
<br />Property, and (c) premiums for insurance r�quired under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("�ecretary"), or in any y�ar in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annual rnortgage insurance premiunr► to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the rnonthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds. "
<br />�-4NINE) 1040�� Page z of a
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