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�0�104210 provides for monthly payments, with the full debt, if not paid earlier, due and payable on J u 1 y 1, 2 0 41 . This Security Instrument secures to Lender: (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 all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instnunent; and (c) the performance of Borrower`s covenants and agre,ements under this Security Insmunent 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 in Hal l County, Nebraska: Lot Two (2), Block Twenty Nine (29). in Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska. Parcel ID Number: 400109093 which has the address of 15 0 9 W C h a r 1 e s S t [s�tl G r a n d I s 1 a n d [ci�y�, Nebraska 688 0 I [zi� code� ("Property Address"); TOGETI�ER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements aud additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Progerty and that the Property is unencumbered, except for encumbrances af record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subj�t to any encumbrances of record. THIS SECUZ2ITY INSTRLTMEN'r combines uniform covenants for national use and non-uniform covena.nts with limited variations by jurisdiction to consritute a uniform security instrument covering real groperty. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Bonower shall pay when due the principal of, and interest on, the debt evidenc,ed by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charges. Bonower 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 paragraph 4. In any year in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("5ecretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly payment sha11 also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage insurance premium if this S�urity 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 aze called "Escrow Items" and the sums paid to L,ender are called "Escrow Funds." FHA Deed of Trust-NE 4/96 VMP � VMP4RWE) (0809) Wolters Kluwer Financial Services � Page 2 of 9