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20110140� provides for monthly payments, with the full debt, if not paid earlier, due and payable on M a r c h 1, 2 0 41 . This Security Insmiment secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of a11 other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instnunent; and (c) the performazice of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 Counry, Nebraska: The Easterly Half (E1/2) of Lot Eighteen (18) and the Easterly Half (E1/2) of the South Twenty Five (25) Feet of Lot Sixteen (16), Block Seven (7), Coliege Addition to West Lawn in the City of Grand Island, Hall County, Nebraska. Parcel ID Number: 40 0 03375 5 which has the address of 2416 Cottage St [snreer] Grand Isl and [eiry}, Nebraska 68803 [zipCode) ("Property Address"); TOGETHER WI'FH ali the improvements now or hereafter er�ted on the property, and all easements, apgurtena�es and fiztures now or hereafter a part of the property. All replacements and addirions shall also be cvve� by this Security Inscrument. All of the foregoing is referred to in ttus Security Instrument as the "Property. " B(�RROWER COVENAN'FS tF�at Borrower is lawfully seized of the estate hereby conveyed and has the right to grant �E canvey the Praperty and ttzat the Piroperty is un�encurnbered, except for encumbrances of record. Borrower warrants � wiil cfiefe� geuereily t&e titie to the Property against alI cIaims and demands, subject to any encumhrances of recorcl. �'I�FS SECLTRIT'�t` II�ISTRUMEl�i'T cambines uniform covenants for nationai use and non-uniform covenants wiUs limitec� vari�ions by jurisdiction to eo�scit�te a uniform security instrument eovering reat property. Borrower and Lender covenant and agree as follows: UNIFORM eOVENANTS. 1: Payment of Principal, 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. Bonower sha11 include in each monthly payment, together with the principat 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) Ieasehoid payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." FHA Deed of Trust-NE 4/96 VMP � VMP4RWE) (0809) Woiters Kluwer Financial Services Page 2 of 9