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<br />This debt is evidenced by Bonower's note dated the sa.me date as this Seti:urity Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable an M a r c h 1, 2 0 41
<br />. T'his Security Instrument secures to Lender: (a} the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of al! other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this S�curity Instrunnent; and (c) the performance
<br />of Borrawer's covenants and agreements under this Secnrity Instrument and the 1Vote. For ihis purpose, Borrawer
<br />irrevocably grants and conveys to the Tcustee, in trust, with power of sale, the following described propefty lacated
<br />in H a 11 County, Nebraska:
<br />Lot Two (2), Indianhead 5econd Subdivisioin, in the City of Grand Island, Hall
<br />Coun�y. Nebraska
<br />Parcel ID Number: 400386275
<br />which has the address of 417 9 I n d i a►t h e a d R o a d Cs�reecl
<br />Grand Fsl and (ciry), Nebraska 68803 (zipcoae� ("Property Address"};
<br />TOGETHER t�ITH alI the improveinents now or hereafter erected on the property, and all easements,
<br />appuRenances and fixtures now or hereafter a part of the property. All replacements and additions sha(1 also be
<br />covered by this Security Instnunent. All of the foregoing is referred to ini this Security Instnunent as the "Property."
<br />Borrower undecstands and agrees that MERS holds only legal title to the interests granted by Borrower in this
<br />Security Insuvment; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
<br />successors and assigns), has the right: to exercise any or ail of those interests, including, but not limited ta, the right
<br />to foreclose and sell the Property; and to take any action requireci of Lender including, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROW�R COVENANTS that Borrower is Iawfully seizecl of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of recard. Borrower
<br />wanants and will defend generally the titie to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenaats
<br />with 2imited variations by jurisdiction to constitute a unifortn sec�rity instrument covering real pro�rty.
<br />Borcowex and Lender covenan�t and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shail pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late chazges due under the Note.
<br />2. Monthly Payment of Taxes, Insurar�ce and Clther Charges. Borrvwer sha11 include in each monihiy
<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 assesstnents levied or to be levied against the Property, (b} lcasehold payments or graund rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the I.ender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annuai mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Seccetary,
<br />in a reasonabie amoun# to be determined by the Secretary. Except for the monthiy charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are cailed "Escrow Funds."
<br />11 0�-Od0072
<br />Enitials:_��
<br />�-4N(NE) �oa0>1 Pepe z ot 8 A n ,�,�
<br />m YV\�
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