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2o�so2u�9 CASE #: NE3212965113703 DOC ID #: 00023319133103011 Borrower owes Lender the principal sum of ONE HUNDRED NINETY EIGHT THOUSAND SEVEN HUNDRED SIXTY EIGHT and 00/100 Dollars (U.S. $ 19 8, 7 6 8. 0 0 ). 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 eazlier, due and payable on AP RI L 01, 2 0 41 . This Security Instrument 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 all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenanGS and agreements under ttiis Securiry 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 HALL County, Nebraska: Fractional Lot Ten (10), in Fractional Block Two (2), in Woodbine Addition to the City of Grand Island, Hall County, Nebraska excepting the Westerly Two (2) Feet thereof and its complement, to-wit: Fractional Lot Ten (10), in Fractional Block Twenty-Four (24), in Baker's Addition to the City of Grand Island, Hall County, Nebraska. Note: 2204 W. Division St., Grand Island, NE 68803 Parcel ID Number: 4 0 0 014 7 4 2 2204 W DIVISION ST, GRAND ISLAND [Street, City] ("Property Address"}; which has the address of ,Nebraska68803-5331 [Zip Code] 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 shall also be covered by this Security Instrument. All of the foregoing is referred to in this Securiry Instniment as the "Properry." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Securiry 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 to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properry and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all 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 security instrument covering real property. Bonower and Lender covenant and agree as follows: UIVIFORM COVENANTS. 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. MERS FHA Deed of Trust-NE 1004M-NE (09/10) Page 2 of 9 � �� �