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20110364� This debt is evidenced by Bonower's note dat� the same date as this Se�urity Inskrument ("Note"), wlrich provides for monthly payments, with the full debt, if not paid earlier, due and payable on June 01, 2041 . This Security Instrumeat secures to L,ender: (a) the repayment of the deht evidenced by the Note, with interest, and a12 renewals, extea�sions and modific�tions of the Note; (b) the payment of all other au�, with interest, �vanced under ParagraPh 7 to prote�t the security of this Security Instrument; and (c) the performancx of Borrower's covenants and agreements under this Security Inslrument and the Note. For this pucpose, Borrower urevocably grants and conveys to the Trustee, in tcvst, with �wer of sale, the following describefl prope,�ty located in Hall County, Nebraska IAT THREE (3), DEAAT'S SIIBDIVISION, HALL COUNTY, NEBRASRA. THI3 IS A PURCHASE MONEY DBED OF TRII3T. Parcel ID Number: 400209667 which has the adciress of 616 Dean Street [S�l Grand Island [City], Nebraska 68801 [zip Code] ("Properiy Address"); TOGETHER WITH all the improvements now or hexeafter erected on the property, and all easements, appurtenances and fixhzres now ar hereai�er a part of the property. All replacements and additions sl�all also be cover� by this Security Instniuwent. All of the foregoing is refetred to in this Security Instrunnent as the "Property. ° Borrower understands and agr�s that MIIZS holds only legal title to the interests gra�►ted by Bonower in this Security Instrument; but, if ne�essary to comply with law or custom, MERS, (as nominea for Lender and Lender' s successors and assigns), has the nght: to exercise any or a11 of those interests, including, but not limiteci to, the right to foreclose and sell the Properiy; and to take any action re�uired of I.ender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Bouower is lawfully seizad of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, escept for encumbrances of record. Borrower warrants and will defend generally the titla to the Property against all claims and demands, subject to any encumbrances of recard THIS SECLTRITY INSTRUMENT combines uniform covenants far national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security inst�vment covering real property. Bonower and I.ender covenant and agr� as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and late chazges due under the Note. 2. Monthly Payment of Tazes, 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 chazges, a sum for (a) taxes and spec;ial assessments levied or to be levied against the Properiy, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance re�uired under paragraph 4. In any year in which the Lendet must pay a mortgage insurance pramum to the Se�retary of Housing and Urban Development ("Secretazy"), or in any year m wluch 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 Secret�ry, or (ii) a monthly charge instead of a mortgage insurance pramium 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, thesa items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 2200131403 D v4rIN� i�a�� — VMP�-4N(Nq loam).o� Paae z o� e a/ !;I<