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201100256 p�Formance c�f �arrow�r's oovenarrts and a�re�nerds under this Security Instrumer�t and the Note. 7he full debt, induding amounts described m a), (b), and (c) above, if not due earlier, is due and pay abie on ALT�ST 2�z'S, 2oe'1 . For th�s purpose, Bamowe�r imevocably grants and conveys ta Tnrstae, in trust, with power of sale, the foibwing desa�ibed prope�ty bcated in u�r•r• County, Nebraslca: SES A7.'TAiC�D which has the address of i�OqA RIV�A [c��Y) 100B iiJ�9T ST I��] ,� 6eaa� L��] l�+P ��) ("Property Address")� TOGETHER WITH all the improvements now or hereafter erected on the pro perty, and all easemeMs, rights, appurtenances, and flxtures now ar hereafter a part of the properly. All replaoements and addit�uns shall also be vovered by this Security Instrument. All of the forego�ng is refeired to in this Secur�'ty Instrument as the "Property." BORROWERCOVEN�,NTS that Botrower is lawfully seised of the estate hereby conveyed and has the righl to qrant and oorney the property and that the Property is_ unencumbered. garrawer warrants and will defend generally the title to the Prnperty against alf daims and demands, subject to arry encumbrances of reoord. THIS SECURITY INS7RUMENT oombines uniform o�venants for natbnal use and narruniform covenants with limited variations by jurisdiction to constitute a unifonn security instrument covering realproperty� UNIFORM CQVENANTS. Borrower and l.ender covenant and agroe as folbws: 1. Paym�nt oi Rrincipaland Interest. Bvmawer shaA pay when due the principai of, and interest on, the debt evidenced by the Nate. 2. Payment of Propsrty Chargss. Borrower shall pay all properly cha�rgas consistinp of taxe�, ground rents, flood and hazard irt�urance premiums, and spec�l a�sessments in a time1y manner, and shall provide evWence of payment to Lender, unless Lencier pays property cFiarges by withhoiding funds from monthly payments due to the Borrower or by charging such payments ta a line of credit as provided for in the Lpan Agr�ement. 3. Fire. Fload and Qthar Hazard Insurance. Borrower shall insure all improvements on the Property, whether now in existence or subsequently erected, against any hazards, casuaities, and cordingencies, includinq fire. This insur�ance shall be maintained in the amounts to the extent and fnr the petiods required by Lender or the Secretary of Mousing and l�rban Devebpment ("Secretrar�'). Borrower shall also insure all improvements on the Property, whether naw in exister�ce ar subsequently erected, against loss by floods to the extent required by the Secretary. All inswance shail be carried wlth oompanies ap roved by Lender. The insurancepa lir,ies and arry renewals shall be h�d by Lender and shall incl�e bss payable clauses in fav�r �f, and in a form acceptable to, Lender. In the event of bss, Borrower shall give Lender immediate rwtir.�a hy mail. Lender may make proof of bss if nat made promptly by Borrowar. Each insurance campany aoncemed is hereby authorized and directed to make payment for such bss ta Lender instead af to Borrower and Lender jointly. Insurance proceeds shall be applied ta restoration or repeir of the damaged Prope�y, if the restaratfon or repak is eoonomicaily feasible and - [.enders F�st Ama�ican Loan Productlon servioas O 200H Frst M�rican Real Estaie sdulians LLC FALPS # U801 : 05/OB NMFL �8Bp7N� (QFNE) Pege 2 Nebraske HECM Seaufty Insqumant