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20110364�
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid eazlier, due and payable on June O1, 2041
<br />. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and a11 renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to prote,ct the security of this Secutity Instrument; and (c) the performance
<br />of Borrower' s covenants and agreements under this Security Insttument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in tiust, with power of sa1e, the following described properly located
<br />in Hall County, Nebraska:
<br />Lot Three (3), ia Block Two (2), ia Wiadolph's Addition to the City of Graad
<br />Island, Hall Couaty, Nebraska.
<br />Pazcel ID Number: 400139480
<br />which has the address of 1216 West Louiae Street [Street]
<br />Grand �slaad [ci�y), Nebraska 68801 [Zip Code] ( "Property Address");
<br />TOGETI�R WTTH all the improvements now or hereafter erected on the property, and a11 easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by tUis Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properly."
<br />Bonower understands aad agrees that MERS holds only legal title to the interests granted by Bonower in this
<br />Securiry Insrivment; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender' s
<br />successors and assigns), has the right: to exercise any or all of those interests, including, but not limited to, the right
<br />to 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 Bonower is lawFully seized 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 record Bonower
<br />wanants and will defend generally the title to the Properiy against all claims and demands, subject to any
<br />encumbrances of record
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agr� as follows:
<br />iJNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower sha11 pay when due the principal of, and
<br />intere.st on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Tages, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late chazges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Properiy, and (c) premiums for insurance required under paragraph 4. In any yeaz in which the Lender must pay a
<br />mortgage insurance 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 preauum to be paid by Lender to the Secretary,
<br />or (u) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a re,asonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds."
<br />1351102076
<br />INtials:
<br />VMP�-4N(N� (oao�).ot Pepe 2 of 8
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