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201009i4G provides for monthly payments, with the full debt, if not paid earlier, due and payable on J a n u a r y 1. 2 0 41 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Nate; (b) the payment of all ather sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreernents under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 Caunty, Nebraska: Lot Six (6), Block Two (2). Westerhoff's 5econd Subdivision, in the City of Grand Island, Hall County. Nebraska. Parcel ID Number: 400113376 which has the address of 2916 W 17th St [Saeec] G r a n d I s 1 a n d [c�cy�, Nebraska 6880 3 [zip Code] ("Property Address"); TOGBTHER WITH a11 the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additians shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrurnent as the "Property." BORROWER COVENANTS that Barrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencurnbered, except for encumbrances of recard. Borrower warrants and will defend gencrally the title to the Property against all claims and demands, subject ta any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with lirnited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Fayment of Principal, 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 Note. 2. Monthly Payment of T�es, Insarance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and aany late charges, a sum for (a) taxes and special assessments levied or to be levied against the ProperCy, (b) leasehold paym.ents or ground rents on the Praperty, and (c) premiums for insurance required under paragraph 4. In any year in which the I.ender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if L,Qnder still held the Security Instrument, each monthly payment shall also include either; (i) a surn for the annual mortgage insurance premium ta be paid by I.ender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this SecuriCy Instrument is held by the Secretary, in a reasonable annount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Itenns" and the sums paid to Lender are called "Escrow Funds." FHA Deed of Trust-NE VMP � Woltera Kluwar Financial ServiCes 4/96 VMP4p�NE) 108091 Page 2 of 9 ........... ..... �� �