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201009435 provides for monthly payments, with the full debt, if not paid earlier, due and payable on J d n u a ry 1, 2 041 . This S�curity Instrument secures to Lender: (a) the repayment nf the debt evidenced by the Note, with interest, and al] renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect tlie securiry of this Security Instrument; and (c) the performance of Barrawer' s covenants and agreements under this Security Instruxnent and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sa1e, the following described property located in H A L L County, Nebraska: LOT THREE (3) AND THE NORTH TWO (2) FEET OF LOT FIVE (5), IN BLOCK TWENTY-TWO (22), IN COLLEGE AQ�ITION T� WEST LAWN, IN THE CITY bF GRAN� ISLAND, HALL COUN7Y, NEBRASKA Parcel ID Number: 400034972 which has the address of 2136 PARK AVE �screec] Grand I sl and �c,zy� Nebraska 68$03 �z�� coae� ('" �'roperty Address" TOGETHEA WITH all 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 additions shall also be covered by thiti Security Instrument. Al1 of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properry and that the Property is unencunnbered, except for encumbrances of record. Sarrawer warrants and will defend generally the title to the Froperty against all claims and demands, subject to any encumbrances of record. 1��IS SBCURCTY INSTRUMENT combinea uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction ta constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. �'ayment of Principal, �nterest 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 Taxes, Insurance and Other Charges. Sorxower shall include in each monthly payznent, together with the pnincipal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasahold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender xnust pay a nnortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), ar in any year in which such premiuxn would have been required if Lender still held the Security Instrurnent, each monthly payment shall also include either: (i) a sum for th� annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Insmiment is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the 5ecretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." � � n 045101 4l96 FHA �eed of Trust-NE /� ��`� VMP y [ VMP4R(NE) (0608) Waltars Kluw er Financial Services Page 2 of 9