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�oiioo3o4 of Bonr�wer's cov�nants and agreements under this Security Tnstruznent and lhe Note. For this purpose, Borrower irrevUCably grants and conveys to the �rustee, in trust, with power of salc, thu following described property located in �� County, Nebraska: LOT FOUR (4), BLOCK SI)C�'X-N�NE (69), IN WHEEZER AND BENNETT'S SECOND ADDITZON TO THE CITY OF GRAND ISLANA, HALL COUNTY,NEBRASTCA TAX STATEMENTS SHOT7I,A BE SENT TO : WET�LS �"ARGC) FTOME MOItTGAGE , P. O. BOX i i� o i, NEWARK, NJ 071014701 which has the address of 207 E 14TH ST, GRAND TSLAND Nebraska 68801 [7_,ip Code� ("Property Address"); [Strcet, City], TOGETHER WITH all the improvements now or hereafter erected on lhe: prc�perly, and all casemcnts, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "'Property." BURROWF,R COVrNANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Prop�rty and that the Prapez'ty is unenc;umbered, except fnr encurnbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. '1'HI5 S�CURT'I`Y TNSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdicCic�n to ccans[itutc: a ixnifarm sec:urity inslrumenl cavering real prpperty. B�rrc�wer and Lender covenant and agree as follows: UNIFURM CUVENANTS. 1. Ps�yment af �rincipal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each iuonthly payrnent, tagether with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Prc>perty, and (c) premiums for insurance required under paragraph 4. In any year in which the T�,ender znust pay a mvrtgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if I,ender still held thc: Sccurity Instrumc:nt, each monlhly payment shall dlso include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender ta the Sec;retary, or (ii) a mc�nl.hly charge instead of a mortgage insurance premium if this SeGUrity Instrument is h�ld by lha Sccretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, thesG items are called "Escrow Iterns" and the sums paid to Lender ar� called " �scrpw Funds." T.ender may, at any time, collect and hold amounts for �scrow Ttems in an aggre�ate amount not to exceed the maximum amount that may be required for T�orrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq, and implementing regulations, 24 CPR Part 3500, a5 khcy may be ainended from time to time ("R�SPA"), except that the cushion or reserve perrnitted by RESPA for unanticipaled disbursements or disbursenients before the Borrower's payments are available in the account rnay not bc based on amounts due for the mortgage insurance premium. �-4R(NE) tsaoil Paga 7 of 8 Initials�i �� �