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201009338 <br />pmvides for manthly payments, with the full debt, if not paid earlicr, due and payable o;n D e C e m b e r 1, 2 D 4 0 <br />. This 5ecurity Instrument secures to L.ender: (a) the repaymcnt of thc debt evidenced by the <br />Note, with interest, and alI renewals, eactensions and modi�icarions of the Nate; (b) the payment of all ather sums, <br />with intcrest, advanced under paragraph 7 W protect the security of this Security Instnunent; and (c) the performance <br />of Borrower's coven.ants and agreements under this Security Instrwnent and the Note. For this purpose, Borrower <br />irrevocably grants and convcys to the Trustee, in trust, with power of sale, the following described property located <br />in H a 11 County, Nebraska: <br />Lot �41, Ravenwaod Subdivision. Hall County, Nebraska. <br />Parcet ID Number: 4 Q D 214 717 <br />which has thc address of 629 Ravenwopd Dr (sr�et� <br />G r� nd I s 1�n d [cuy]� Nebraska 688 Q 1 [ziP coae� ("Property Address"); <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances and fixtures now or hereafter a part of the property. All replacements and addirions shall also be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Praperiy." <br />BORROWER COVENANTS that Borrower is lawfully seizad of the estate hereby conveyed and has the right to <br />grant and canvey the Property and that the Property is unencumbered, except for encumbrances af recard. Bozrawer <br />warrants and wi11 defend generally the tide to the Properiy against a11 claims and demands, subject to any <br />encumbrances af record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for nationat use and nan-uniform cavenants <br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property. <br />Borrower at�d Lcrader covenant and agrce as follows: <br />UIVIFORM COVENANTS. <br />1. Paymeat nt Priactpal, Inter�st and Late Charge. Borrower shall pay when due the principal of, and <br />interest o;n, the debt evidenced by the Npte and late chazges due under thc Note. <br />2. MontWy Payment of Taxes, Iasurance and Other Cl�acge�. Borrower shall include in each monthly <br />payment, together with tha principal and interest as set forttr in the Nota and an,y late charges, a sum for (a) taxes and <br />spacial assessments levied or to be levied against the Property, (b) leasehold payments or gmund rents an tlte <br />Property, and (c) premiums for insurance required under paragraph 4. In any year in wluch the Lender must pay a <br />mortgage insurance premiwn to the Secretary of Housing and Urban Development ("Secretary"), or in any year in <br />which such premium would have bccn, requirod if Lender still held the Security Instnunent, each monthly paym.ent <br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Sccretary, <br />ar (ii) a monthly charge instead of a nnortgage insurance premium if this Security Instntment is held by the Secretary, <br />in a reasonable amount w be determined by the Secretary. Eacept for the monthly charge by the Secretary, these <br />items are called "Escrow Items" and the sums paid w Lender ar� called "Escraw Punds." <br />FMa oaad ot Tnut-nie ale8 <br />VMp 0 � VMP4RINE) (08091 <br />Wolters Kluwr FlnerrJN Ssrvlwa �"r Papa 2 of 9 <br />