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<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), whrch
<br />�rovides for monthly payments, with the full debt, if not paid earlier, due and payable on January 01, 2041
<br />. This Secur.ity Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensrons and rnodifications of the Note; (b) the payment of all other sums,
<br />with rnterest, 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 Note. For this putpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in Sal� County, Nebraska:
<br />Lot Thiry One (31), Jeffrey Oaks Eighth Subdivisian, in the City of Grand
<br />Island, FIall County, Nebraska.
<br />Parcel ID Number: 400398605
<br />which has the address of 4146 Norse�n�an Avenue [street]
<br />Grand Island [City], Nebraska 68803 [zip Code] ("Property Address");
<br />TOGETHER WITF�I 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 additions shall also be
<br />covered by this Secu�ty T.nstrurnent. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MER� holds only legal title to the interests granted by Borrower in this
<br />Security (nstrument; 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, rncluding, but not limited to, the right
<br />to foreclose and sell the Property; and to take any action required of Lender including, but not lirnited to, relea,,�ing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveye�i 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 genera1ly the title to the Praperty against all clairns and demands, subject to any
<br />encumbrances of record.
<br />THI5 SECURITY INST.RUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variatrons by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />l. Payment of Princip�l, Interest and Late Charge. Borrower shall pay when due the principal af, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment af Taxes, Insur�nce and Other Charges. Barruwer shall inctude in each monthly
<br />payment, togethcr with the principal and interest as set forth in the Note and any late chatges, a sum for (a) taxes and
<br />special assessments levied or to be levicd against the Property, (b) leasehold payments or ground rents on the
<br />Property, ar�d (c) premiums for insurance required under paragraph 4. In any year in which the Le�ader must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have been requit'ed if Lender still held the Security instniment, each monthly payment
<br />shall also include eitlaer: (i) a sum for the annual mortgage insurance premium ta be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security lnstrument is held by the Se�'etary,
<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 />2200087233 � v4NNE
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<br />VMPCa)�N�NE� 1040�I.Ot Pape 2 of e
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