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201100257 <br />, , , <br />with pawer of sale, the folbwing de�cribed property bcated In <br />County, Nebraska: <br />SSE ATTAiC�ED <br />which has the address of 1408 i�sT s� <br />�AI.L <br />[S�l <br />.;r_r ► ��.� <br />(�l <br />,I�E 68883 <br />I��I [�P �I <br />("Property Address"); <br />TOGE7MER WITM all the improvements now or hereafter erected on the prqperty, artd all <br />easements, rights, appurtenances, and fixtures now or hereafter a part of #he pmperty. All <br />replacements and additions shaN aiso be oQVe►�ed hy this Security Instrument. All of the foreguing is <br />referred to in this Security Instrument as the "Property-" <br />BQRROWERCOVENANTS that Borrnwer is lawfully seized af the estata hereby oonveyed and <br />has the right to grant and canvey the Property and that the Property Is anly encumbered by a First <br />5ecurity instrument g(ven by Barrower and dated the same date as this Security Instrument ("First <br />Security Instrument"). Borrower warrants and wiil defend aenaraily the title to the Property against <br />all Gaims and demands, subject 10 any encumbrances of record. <br />THIS SECURITY iNSTRUMENT combines uniform vovenants far natbnal use and nnn-uniform <br />oovenants wtth limited variations by jurisdictbn to constitute a unifarm securit�r_ instrument covering <br />r�l property. <br />UNIFORM COVENAN7S. Barrower and Lender covenarrt and agree aa folbws: <br />1. Payment of Principaland Intsrost 8orrower shall pay when due the principal of, �nd interest <br />on, the debt eVidenced by the Second Note. <br />2. Payment of Property Charges. Borrower shall pay all property char�es consisting of taxes, <br />ground rents, flood and hazard insurance premiums, and special ass�sments in a timely manner, <br />and shall provide evidence of payment to Lender, unless Lende�r pays prnperty charges by <br />withholding funds from monthly p�yment$ due to the Borrower or Itiy r,harging such payments ta a <br />Iine of credit as provided for in the l.oan Agreement. Lender may require Borrower tn pay speci�ied <br />property charpes dir�ctly � the party owed payment even though Lender pays other property <br />charges as provided in this Paragraph. <br />3. Flro, Flaod and Other Hazard Insurance. Borrower shall insure �II irnprovements on the <br />Property, whether naw in existence ar subsequently erected, against any hazards, casualties, and <br />continger�cies, includin� fire. This insurance sh�ll be main#ained in the amounts, t� the extent and <br />far the psriods required by �.ender. Barrower shall also insure ail improvements an ihe Proparty, <br />whether now in existencs or subsequently erected, against bss by floods ta the extent required by <br />Lender. The insurance polides and any renewals shall be held by Lender and shali includa bss <br />payable clauses in favnr of, and in a form acceptable ta, Lender. <br />In the event af bss, Borrower shall give l.ender immediate notice by mail. Lendar may make <br />proof of bss if nat made promptly by Borrower. Each insurarlce company Qoncerned is hereby <br />authorized and dlrected to make payment Tar such loss to Lender instaad of to 8arrower and l.ender <br />jaintly. Insuranca pmceeds shall pe appliad to restoration or repair of the damaged Property, if the <br />restoration or repair is economic�lly feasible and Lender'8 <br />Fxrt Anrrican 4o�n Pivduc6on 8ervinM <br />O Z008 Fint A�n fi�al ErMM 9duliam LLC � <br />FALP$* U809: 01/06 NMFL N8809NE Daa Id: f�N� � <br />Pa� 2 <br />N�br�ska HECM S�eand S�curi�r Irqpunwnt <br />d <br />