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2oiioo�s� This d�bt is evidenced by Borrower's nate dated the same date as this Security Instrum�nt ("Note"), which provides fbr monthly payments, with the full debt, if not paid earlier, due and payable an F'ebruary O1, 2041 , This 5ecurity Instrument secures to Lender: (a) the repayment of the debt evidenced by the Nntc, with interest, and all renewals, extensipns and modi�cations of the Note; (b) the payrnent of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrowcr irrevacably grants and conveys to the Trustee, in trust, with power of sale, thc following described property located in Hall County, Ncbraska: LOT FIV� ( 5) IN SLpCTC ONE IiUNARED '�"WENTY-FOUR (129 ) UNION PACIFTC RAILROAA COMPAIVY' 3 3ECOND ADDITION TO T�TE CTTY OF GRAbTD I3LAND kiALL COUN!'Y NESR.ASKA. "PURCHASE MON'EY" Parcel ID Number: 400D96525 which has the address of 322 W 7 ST [Srreet� C�rand Island [Cicy�, Nebraska 68801 [7.ip Cade] ( "Property Address"); TUGETHER WITH all the improvements now ar hercafter erected an the property, and all easements, appurtenances and fixtures naw ar hereafter a part of the praperty. All replacements and additians shall also be covarad by this Security Inatrument. All of the faregving is referred to in this Security Instrument as the "Property." Barrawer understands and agrees that MERS holds only legal title to the interests granted by Borrawer in this Security Instrument; hut, if necessary to comply with law or custom, MERS, (as naminee for C,ender and Lender's successors and assigns), has the right: ta exercise any or all af those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of [,ender including, but nat limited to, releasing or canceling this Security Instrument. BORROWER COV�NANTS that Borrower is lawfully seized of thc estate hereby conveyed and has the right to grant and convey the Property and that thc 1'roperty is unencurnbared, except for encumbrances of record. Barrower warrants and will defend generally the title to the Praperty against all claims and demands, subject to any encumbrances of record. THI5 SECURITY INSTRUMENT cornbines uniform covenants for national use and non-uniform covenanis with limited variations by jurisdictian to constitute a uniform security instrument covering real property. Borrawer and T.ender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment af Principal, Interest and Late Chawge. Borrower shall pay when due the principal of, and interest an, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of 7"axes, lnsurance and Other Charges. &arrower shall include in each monthly payment, tagether with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments lcvied ar to be lavied against the Property, (b) lcasehold payments or ground rents on the Praperty, and (c) premiums far insurance required undcr paragraph 4. In any year in which the [,ender must pay a mortgage insurance premium to the Secretary af Hausing and Urban Develaprnent ("Secretary"), ar in any year in which such premium would have been required if Lender still held the 5ecurity Instrument, each monthly payment shall alsa include either: (i) a sum for the annual mortgage insurance premium to 6e paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is hcld by the Secretary, in a reasanable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "�scrow Funds." 8800901727 �901727 i��r�ai9: VMP�-4N�N�) �oao��.o� Page 2 oi 8