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2011�435� provides for monthly payments, with the full debt, if not paid eazlier, due and payable on J u 1 y 1, 2 0 41 . This Securixy Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, vcrith inCerest, 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 Se�urity Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument 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 H a 11 County, Nebraska: Lots Two Hundred and Two (202) and Two Hundred and Three (203) in Belmont, an Addition to the City of Grand Island, Hall County, Nebraska Parcel ID Number: 4 0 0 017814 which has the address of 4 2 3 N C u s t e r A v e LStreet] G r a n d I s 1 a n d [City�, Nebraska 688 0 3 [Zip Code] ( "Property Address"); TOGETHER WITH a11 the improvements now ox hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a patt of the property. All replacements and additions shall also be covered by this Security Instntment. All of the foregoing is refened to in tbis 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 Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against a11 claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a unifozm security instrument covering real property. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower 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. Bonower sha11 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 5ecretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would have been required if I.ender 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 chazge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, in a reasonable amount to be determined by the 5ecretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds." FHA �ead of Trust-NE 4/96 VMP � VMP4R(NE) (0809) Woltera Kluwer Flnancisl Services � r Pege 2 of 9 ��