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201iQ030� <br />c�f Borrower's covenants and agre�ments under this Security Instrumenl and the Note. For this purpose, �3orrower <br />irrevocably grants and convcys ta the Trustee, in trust, with powcr af sale, the following described propc:rty Jocated <br />in ��� County Nebraska: <br />LOT THREE (3) A�D FOUR (4) , ARGQ FUiJRTIi SUBDIVI3ZON, VILT�AGE OF ALDA, HALL <br />COUNTY, 1�BRASKA. <br />TAX STATEMENTS SHOULD B� SENT T(): WELLS FARGO HOME MORTGAG�, P.O. BOX 11701, <br />�IEWARK, NJ 071014701 <br />which has the address of 131 I,UNAR A'V'E, ALDA <br />Ncbraaka 68810 [zip Codc] ("Property Address"); <br />�Street, (�ityJ, <br />TUGE'1'HER WIT�I all the improvements now or hereaftcr crecfed 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 Security Tnstrument. All of the foregoing is referred to in this Sccurity Instrument as the "Property." <br />BORROW�:R CUV�NANTS that Borrower is lawfully seized of the eslale hereby conveyed and has the right to <br />grant and convey the Yroperly and that the Property is unencumbered, except for encumbrances of record. Borrower <br />warrants and will defend gencrally the title to the Property against all claims and demands, subject to any <br />encumbrances of record. <br />"I"HTS SrCI.JRITY INS'TRUM�;N'1' combines uniform covenants for natir�nal use and non-unifor►n covenants <br />with limited variations by jurisdiction to constitute a uniform security instrument cc7vering real property. <br />Borrower and Lender covcnant and agrcc: as follows: <br />i7NT�'ORM COVENAN'1'S. <br />1. Payment of Principal, Interest and Late Charge. Borrowcr shall pay when due the principal of, and <br />interest on, the debt evidenced by the Note and late charges due under the Note. <br />2. Monthly Paym�nt o�' Taxes, Insurance and Other Chargcs. Borrc>wer shall include in each rnonthly <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 assessments levied or to he levied against the Yroperty, (b) leasehold payments or ground rents on the <br />Property, and (c) premiums fc�r insurance required under paragraph 4. Tn any year in which th� T�ender must pay a <br />rnortgage insurance premium tc� the Secretary of Housing and Urban llevelopment ("Sccrekary"), ar in any year in <br />which such premium would havc: been reyuired if Lender still held the Security Tnstrumcnt, cach nianlhly paymenl <br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Iaender tr� the Secretary, <br />or (ii) a monthly chargc instead of a mortgage insurance premium it� this Securiky Inslrum�nt is held by the Secretary, <br />in a reasonable amount tc� be deterniined by the Secretary. Excepl for lhe monthly charge by the Secretary, these <br />items arc called "I:scrow Items" and the sums paid to Lender are called '"T;sc;rc�w Funds." <br />I,cnder may, at any time, collect and hold amounts for Escrow Itc:nns in an aggregate amount not to exceed the <br />maximum amount that rnay be required f"or Borrower's escrow account undc:r the Real Estate Settlement Yrocedures <br />Act of 1974, 12 iJ.S.C. Section 2601 et seq. and implementing regulations, 24 CPR Part 3500, as they may be <br />amended from time to time ("RESPA"), except that the cushion or reserve permitted by RI'sSPA for unanlicipatcd <br />disbursements or disbursements before the Borrower's payments are available in the account may not be based on <br />amounts due for the mc�rtgage insurance preniiuin. <br />� 4RIN�) �sson <br />Paga 2 of 8 Initials: ���� <br />