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201101523 This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid eartier, due and payable on F e b r u a r y 1, 2 0 41 This Security Instrument secures to Lender: (a) the repaymeni of the debt evidenced by the Note, with interest and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocabIy grants and conveys to the Trustee, in trust, with power of sale, the following described property lacated in H d 1 1 County, Nebraska: Lot Thirty Six (36), in Sass Second Subdivision, in the City af Grand Island. Ha71 County, Nebraska Parcel ID Number: 400087405 which has the address of 3207 E. GregOry Street [Streec] Grand Island [�irv1, Nebras$a 68801 fZipcoaej("PropertyAddress°); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shal] also be covered by this Security Instrument. Ali of the fozegoing is referred to in this Security Instrument as the "Property. " Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or all of those interests, including, but not limited Eo, the right to foreclose and seti the Property; and to take any action required of Lender ancluding, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is Iawfully seized of the estate hereby conveyed and has the right to grant and convey the Pmperty and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend getterally the title to the Property against atl claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform secarity instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM C�VEIVANTS. 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 char�es due under the Note. 2. '.Vtonthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthiy payment, [o�ether with the principai 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 rencs 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 5ecurity Instrument, each monthly payment shall aiso include either: (ij a sum for the annual mortga�e insuxance premium to be paid by Lender to the Secreiary, or (ii) a monthly ck�arge instead of a mortaage insuranee premium if this Security Instzument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the rnonthly charge by the Secretary, �hese items are called "Escrow Items" anc� €he sums paid to Lender are called "Escrvw Funds." 000204 i��t�a{5: �-4N{NE► ioao�� Page 2 ot 8 �