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201iO40�9 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 Security Instrument secures to I,ender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of a11 other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agrcements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sa1e, the following described property located in H a 11 County, Nebraska: Lot Fou�teen f14), in Spelts-Schultz Addition to the City of Grand Island, Hall County. I�ebraska. Parcel ID Number: 40 Q Q 945 76 wluch has th� address a€ 52Q PZ um Rd [sa�eetl Grand IsT and [ci�y�, Nebraska 68801 [zip coael ("Property Address"); TOGETFIER WITI� all the impmvements now or hereafter e�ted on tke property, an� a.tZ easemerns, appurtenauces anc� f�€tuses nov�r ar hereafter a gart of the property. AIl replacements and aciditions sFiail aIso be cover� by tius Security Iastrcxment. AT� of the foregoing is referred to in this Security Instrument as the "Property. " BORRO�VVER CO�Nt�N'I;'S that Borrower is lawfully seized af the estate hereby convey� and has the right to grant aua convey the Property and that the Froperty is unencumbered, except for encumbrances of re,cord. Borrower warrants and wiil, defenct generally the rit�e to the Property against all claims and demauds, subject to any eneumbrances of record. THIS SE�UIt�TY INSTRiTMENT combin� uniform covenants for national use a�d non-uniform covenants with limited variarians by jurisdictian to constitute a uniform security instrusnent covering real property. Borrower and �.ender c�venant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principat, Interest and Late Charge. Bonower 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 Taxes, Insurance and Other Charges. Borrower shall includ:e 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 special assessments levied or to he levied against the Property, (b) Ieasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("S�retary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment skall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (iiy a monthly charge instead of a mortgage insurance 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. " FHA Deed of Trust-NE VMP � Wolters Kluwer Financial Setvices � �:\� �� 4/98 VMP4R(NE) (0809), Page 2 of