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201100699
<br />This debt is evidenced by Borrower` s note dated the same date as this Security Instrument ("Note"}, which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on Fenzuary 01, 2041
<br />This Security Instrumene secures to Lender: (a} the repayment of the debt evidenced by the
<br />Note, with interest, a��d a11 renewals, extensions and modifications of the Note; (b} the payment of ali other surns,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Tnstrument and (c) ti�e performance
<br />of Borrower s cavenants and agreements under this Security Instrument and the Note. �or this purpose, Borrower
<br />irrevncably grants and conveys to the Trustee, in trust, with power of sale, the following described property iocated
<br />m Hall CounYy, Nebraska:
<br />LO'1' 39, IN P'ONNER VTETnT SUBDIVISTON, IN THE CITY OE GRAND ISLAND, HALL COUNTY,
<br />2JE8RA5YCA.
<br />Parcel XI3 Number: 400131064
<br />wliich has the address of 1108 East Piebraska Avenue fStreeti
<br />Gxana Island ICiry�, Nebraska 68801 fzin Codel ("Property Address");
<br />TOGETHER WITH all ttze improvements now or hereafter erected on the property, and ai! 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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Propariy."
<br />Borrower understands and agrees that MERS holds oNy legal title to the mterests granted by Borrower m this
<br />Security Instrument; but, if necessary to comply with law or custom, MERS, (as norivnee far Lender and Lender's
<br />successors and assigns), tias the right: to exercise any or a!1 of those interesEs, including, but not lirnited to, the r�ght
<br />to foreclose and sell the Property; and to take any actian required of Lender including, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWEI� CUVENANTS that Borrower is lawfuliy seized of the estate hereby conveyed and has the r�ght to
<br />grant and convey the Property and that tne Property is unencumbered, except for encumbrances of record, Borrower
<br />warrants and will defend generally the titie to the Property aga�nst ali ctaims and demands, subject to any
<br />encumbrances of record.
<br />TNIS SECURTTY INSTRUMENT cambines uniform covenants for uational use and non-uniform covenants
<br />with lirnited vaziations by jurisdiction to eonstitute a uniform security instrument covering real property.
<br />Barrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />I. Payment of Prtncipal, Interest and Late Charge. Borrower shal] pay when due the principat of, and
<br />interest on, the debt evidencec3 by tha Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthty
<br />payment, together with the pnncipal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums far insurance required under paragraph 4. 1n any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secre#ary"), or In any year in
<br />which such premium would ha�e been required if Lender stiil held the Security Instrument, each monthly payment
<br />shall also �nclude either: {i) a sum for the annual mortgage insurance premium to be paid by I,ender to the Secretary,
<br />or (ii) a month3y charge instead of a mortgage insurance Uremium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determ�nad by the Secretary, Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are calied "Escrow Funds."
<br />2200103362 D
<br />Initials:�T V ' L"�.
<br />VMP�-4N(NE) io4o��.0� aaee z or a
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