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201�oo�9r
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Notc"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on FEbI'ud ry 1, 2041
<br />.'I"his Security Instrument secures to I,ender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and moditications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agre�ments under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in H a 1 1 County, Nebraska:
<br />Lot 7hir�y Six (36), in Sass Second Subdivision, in the City of Grand Tsland,
<br />Hall County, Nebraska
<br />Parcel ID Number: 4b0087405
<br />which has the address of 3207 GREGORY fscreecl
<br />G r a n d I s 1 a n d [ciry�, Nebraska 6$801 lzi� c<��e] ("Property Address");
<br />TOGE1'H�,R WITH all the improvements now or hereafter erected on thc property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacetz�ents and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. "
<br />Borrower understands and agrees tlaat MERS holds only legal title to the interests granted by Borrower in this
<br />Security Instrument; 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, including, but not limited to, the right
<br />to foreclose and sell thr. Property; and to take any action required of Lender including, but not limited to, releasing or
<br />canceling this Security lnstrurnent.
<br />BORROWER C�VENANTS that $orrower is lawfully seized of the estate hereby conveyed and has the right to
<br />granC and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMBNT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVF,,NANTS.
<br />1. Payment of �rincipal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />intc:rest on, the debt evidenced by the Note and late charges due undc:r the Notc.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessmenls levied or to be levied against the Property, (b) leasehold payments or �round rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secr�tary of Housing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have been required if L�nder still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />oc (ii) a monthly charge instead of a mortgage insurance premium if this Security Inslrument is held by the Secretary,
<br />in a reasonabl� amount to be determined by the Secrecary. Except for the monthly charge by the Secretary, these
<br />items are called "�.scrow I[ems" and the sums paid to Lender are called "Escrow Funds."
<br />^� 1�-11-000204
<br />Initials:
<br />�-4N�N�) 104071 . F�age 2 of 8
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