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201102274 This debt is evidenced by Borrower's note datetl the same date as thls Security Instrument ("Note"), which provides for monthly payments, with the full debt, if noi paid earlier, due and payable on Ap r i 1 I. 2 0 41 . This Secutity Iatsttwnent secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modificadons of the Note; (b) the paymeIIt of all other sums, with interest, advanced u�er paragraph 7 to protect the securiry of this Secx►rity instrument; and {c) the performanoe of Bonower's oovenants and agreements under this 5ecurity Instrument and the Note. For tius purpose, Bonower inevocably grancs and canveys to the Trustee, in trnst, with power of sale, the following described praperty lorsted in H a 11 County, Nebraska: Lot Twenty-nine (29), R& B Subdivision in the City of G�and Island. Hai1 County. Nebraska Parcel ID Number: 400160129 which has the address of 4052 Zol a Lane is�� Grand I sl and (c,cy�, Nebraska 68803 [z�p coae) ("Property Address"); TOG�t'HER WT1�I all the improvements now or hezeafter ere�ted on t6e propertq, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shait also be oovered by t}ris Security Instrumant. Ali of the foregoing is refeqed to in this Security Instrument as tlae "Property. ° Bonower understands and agrees that MERS holds only Iegai .title to the interests granted by Borrower ia this Security Instrvment; but, if necessary to oomply with Iaw or custom, MERS, (as nominee for Lender and J endet's su�cessors and assigins), has the right: to exercise any or all of tJ�ose interests, including, but not limited to, the right to foreclose and sell the Property; and to take any acqion 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 oom�ey the Property and that the Propetry is unencunabered, except for encumbrances of reoard. Borrawer warrants and will defend genera�ly the title to the Property against all claims and demands, subjed to any encvmbrances of reoord. THIS SECURITY INSTRUMFNT combines uniform covenants for national use and nott-uniform covenants with limited variations by jurisdidion to consritute a uniform s�curity instnuaent wvering real property. Borrower and L.ender covenant aad agee as follows: UNIFORM COVENAN'TS. L Paym�t of Principal, Interest and I.ate Cha�ge. Borrawer shall pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Mo�thly Pay�meat of Taxes, Iusurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and special assessments levied or to be ievied against the Property, (h} leasehold payments or ground rents on the Praperty, and (c) premiums for insurance reguired under garagtaph 4. In any year in which the I.ender must pay a mortgage insurance pre�mium to the Sectetary of Housing and Urban Development ("Secretary^}, ar in any year in which such premium woul� have been requited if Lender still held the S�xuriiy Instrument, each monthly payment shall also include either: {i) a sum for the annual mortgage insurance premium to be paid by I.ender to the Secxetazy, or (ri) a monthly chazge instead of a mortgage insurance premium,if tiais Security Ynstrument is held by the Secxetary, in a reasonable amount to be determined by the Sectetary. Except for the �nthly charge by the Secretary, these items are called "F.scrow Items" and the sums paid to Lender aze c�lled "Esctow Funds. ^ .� �0�34 �� , +�-�NtN�? ro Page 2 of $