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20110330� 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 LOT�TWO (2) IN BLOCR ELEVEN (11), ASSTON PLACE, AN ADDITION TO T� IT�OF eb GRAND : ISLAND, HALL COIINTY, NESRASRA. TSIS IS A PURCHASE MONEY SECIIRITY INSTRIIMENT. TAX STATEMENTS SHOIILD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. BOX 11701, NEWARR, 1JJ 071019701 which has the address of 2409 W DIVISION ST, GRAND ISLAND Nebraska 68803 [zip Code] ("Property Address"); [Street, City], 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 properiy. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properly." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Progerly and that the Progeriy is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properiy against all claims and dema.nds, subject to any encumbrances of record. TI3IS SECURITY INSTRLJMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: U1�IIFORM COVENANT5. 1. Payment of Principal, Inter�t 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 Tax�, Insurance 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) ta�es and special assessments levied or to be levied against the Properly, (b) leasehold payments or ground rents on the Property, and (c) premiums for �nc�,�ans� required under paragraph 4. In any year in which the L.ender 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 I.ender 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 (ri) a monthly charge instead of a mortgage �nc�,�ance 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." Lender ma.y, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrower's escrow account under the Rea1 Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time ("RFSPA"), except that the cushion or reserve permitted by RRSPA for unanticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. �-4R(NE� (8601) Paga 2 of 8 Initlals•