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201103639 provides for monthly payments, with the full debt, if not paid earlier, due and payable on J u n e 1, 2 0 41 . This S�urity Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renEwals, extensions and modificarions of the Note; (b) the payment of a11 other sums, with interest, advanced under paragraph 7 to prote,ct the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Se,cutity Instrument and the Note. For tlus purpose, Bonower irrevocably grants anfl conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: The Southerly Thirty Six (36) Feet of Lot Ten (10) and the Northerly Twenty Four (24) Feet of Lot Twelve (12), Block Twenty Four (24), in University Place, an Addition to the City of Grand Island> Hall County, Nebraska. Parcel ID Number: 40 O 1 Q 1734 which has the addr�s of 1911 R{ Hdward Ave [s�t] G r a n d I s 1 an d [c�cy�, Nebraska. 68 S 0 3 (zip coct�} ("Propertg Address"); TOGETI�ER WiTH al1 the improvements now or hereafter erected on the grogerty, aud al� easements, appurtenances aad f�.tures now or hereafter a part of the property. All replacenieSts and additions shalf also be covered by this Security Instn�ent. Eill of the foregoing is referred to in this Securily Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grat�t and convey the Property and that the Property is vnencumbered, except for encumbrances of recard. Borrower wazrants and will defend generaUy the title to the Progerty against all claims and demands, subject to any encumbrances of record. TI�IS SECURTI'Y INSTRUMENT cambines uruform covenants for national use a�c� non-unifor� covenants with limited va�iations by jurisdiction to constitute a uniform security instr�ment cavering rea� pmperty. Borrower and L.ender cove�nt and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower sha11 pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. 1Vloathly Payment of Taxes, 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) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under pazagraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("S�cretary") or ��,y y� � which such premium would have been required if Lender 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 (u) a monthly charge instead of a mortgage insurance premium if this Securiry 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 ate called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." FHA Deed of Trust-NE ,` 4 VMP � / VMP4R(NE) (0809) Wolters Kluwer Financial Services ,� Page 2 of 9