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2oioos�2� This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which prnvides for monthly payments, with the full debt, if not paid earlier, due and payable on January o1, 2041 . This Security Instrument secures tv Lender: (a) the repayment of the debt evidcnced by the Note, with interest, and all renewals, extensions and rnodi�catians af the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to pratect thc security of this Security Instrument; and (c) the performance of F3orrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrawer irrevocably grants and conveys to the "Trustee, in trust, with power of sale, the following described property located in Tiall County, Nebraska: See Attached Parcel ID Number: 4001,87353 which has the address af 23s E AiaC'porC Rd �Streat� Grand Island lc��yl, Nebraska 68803 [Zip Code� ("Property Address"); TOCiE"THFR WITH all the improvements now or hereafter erecied on the property, and all easements, appurtenances and Fixtures now or hereafter a part of the praperty. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that M�RS holds only legal title to the interests granted by Barrower in this Security tnstrument; but, if necessary to comply with law or custom, MERS, (as nominee far Lander and I,ender's succcssors and assigns), has the right: ta exercise any or all of those interests, including, but not limited to, the right to foreclose and sell che Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Barrawer is lawfully scized of the estate hereUy conveyed and has the right to granl and convey the Praperty and that the Property is unencumbered, exc�pt for encurnbrances of record. Borrower warrants and will defend gencrally the title to the Property against all claims and demands, subjeck to any encumbrances of record. THIS SECURITY INSTRUMENT combines unifarm cavenants far natianal use and non-uniform covenants with limited variations by jurisdiction ta constitute a unifarm security instrument coverir►g real �raperty. Barrower and [.ender covenant and agree as follaws: UNTFORM CUVENANTS. 1. Payment of Arincipal, Interest and Late Charge. Borrower shall pay when due the principa] of�, and interest an, the debt evidenced by the Note and late charges due under the Nate. 2. Monthly Payment of Tax�s, Insurance and Other Charges. Borrower shall include in each manthly payment, together with the principal and interest as set forth in the Nate and any late charges, a sum for (a) taxes and special assessments lcvied or to bc levied against the Property, (b) leasehold payments or ground rents on che Araperty, and (c) premiums For insurance requtred under paragraph 4. In any year in which the Lender must pay a mortga�e insurance prernium to thc Secretary of� Housing and Urban Devclopment ("Secretary"), or in any year in which such premium would have been required if I.ender still held the Security lnstrument, each monthly payment shall also include either: (i) a sum far the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mvrtgage insurance premium if this Security Instrument is held by the Sccretary, in a reasonable amaunt to be determined by thc Secretary, Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrnw Funds." 1351016'745 Initials: � • � ' � � VMP�-4N(N�) (oaa�).o� Page 2 of 8 Y /' � �� (.�