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2U110238�
<br />This debt is evidenced by Borrower's note dated the same date as ihis Security Insttument ("Note"), wluc�
<br />provides for mont6ty pa.yments, with the fu�l debt, if not paid earlier, due and payable on Ap r i 1 1, 2041
<br />. Ttris Security Instrument secures ta Lender: {a) the repayment of the ciebt evidenced by the
<br />Note, with interest, and all renewals, extensions and modificatians of the Note; (b) the payment of alt other sums,
<br />with intezest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) thc performancx
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys ta the Trustee, in tnist, with povver of sale, the following described property locateti
<br />in H a 11 County, Nebraska:
<br />Fractional Lot Four (4}, in Block Twenty Five (25), in Wiese's Additian to the
<br />City of Grand Island. Hall County. Nebraska and its complement to wit:
<br />Fractional Lot Four (4). in Fractional Block Twenty Five (25), in Charles
<br />Wasmer's Addtion to the �ity of Grand Island, Hall County. Nebraska and in
<br />Wasmer's Annex to F�rst Addltion. Hall County, Nebraska
<br />Pazcel ID Number: 400139286
<br />which has the atirlress of 1215 West Koenig Street [Saeetj
<br />Grand Island (ciry�, Nebraska 68801 [zipcoae)('"PropertyAddress"};
<br />TOGETT3ER WITH all the improvements now or hereafter etected on the property, and atl easemeats,
<br />a�purtenances and fixtures now or herea€ter a part of the properiy. All replacements and additions shatl also be
<br />covered by this Seca�rity Instrument. AFl of the foregoing is referred to in this Security InsVument as the "Property.°
<br />Borrower understands and agtees that MERS holds only legal title to the interests granted by Borrower in this
<br />Securiry Instrument; but, if necessary to t;omgly with law or custom, MERS, (as nominee for Lender and Lender's
<br />suocessars and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right
<br />W foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfuily seizsd 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 re�aord. Botrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encwnbrances of re�ord. �
<br />THIS SECIJRITY INSTRUMENT combines uniform oovenants for national use and non-uniform covenants
<br />with limited variakions by jurisdiction tu oonsdtute a uniform security instrument covering real property.
<br />Borrower aad Lender covenant-and agree as follows:
<br />U1�tIFORM COVENANTS.
<br />1. Payment of Prindpal, Interest and Late Charge. Borrower shall pay when due tbe principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Tues, Insurance snd Other Charges. Bonower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Nate and any late charges, a sum for (a) taxes and
<br />speciat assessments tevied or Eo be levied against the Property, (b) leasehold payments or ground reats on the
<br />Property, and (c) pramiums for insurance required under paragraph 4. In any year in which the L�nder must pay a
<br />mortgage insuranoe 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 annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ri) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the stuas paid to Lender aze called "Esc;row Funds."
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