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201104362 provides for monthly payments, with the fu11 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 su.ms, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H 811 County, Nebraska: Lot Six (6}, in Block Eight (8), in West View Addition to the City of Grand Island. Ha1T County, Nebraska and that part of vacated 9th Street as shown in Ordinance No. 4948, ffled in Book 21, Page 316. Parcel ID Number. 400I�4T53 which has the address Qf �23 f� tfoward Ave �sueec� C r an d I s 1 a n d [city), Nebraska 6 8 8 0 3 [z� codeJ ("Property Add�ress"); TfHiETfIER WI�F� �F the itrtprovements now ar hereafter erected on the property, and all easements, appurtenances anc� fia�ture.s IIaw a� h�.fter a part af the groperty. All replacements and adc�itions shall also be covered by this Security �t. �lI af the foregaing is referred to in this Security Iffimgnent as the "Prog�rty." BORRO@VER COYEATt�l�'S that �orrower is lawfully seized of the estate hereby conveyed and has the rigtit ta grant and convey the Proge�t,� anc� that the Property is unencumbered, except for encumbrances of record. Borrower warratrts and will defend generally the title to the Progeriy against all claims and demands, subject to any encumbrances of record. THIS SECURTTY INSTRUMEN'F combine.s uniforai cavenants for narional use and nvn-uniform cavenauts with Iimited variaxions by jurisdiction to constitu.te a uvsform security instrument covering real property. Borrower and �.ender covenant and agree as follows: UNIFOR1Vt 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. Z. Monthly Payment of Tages, 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 charges, a sum for (a) taxes and special assessments levied or to be levied against the Praperty, (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 premitun to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which 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 Secretary, or (u) a monthly charge instead of a mortgage insurance premium if this Security Insmiment 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 Lender are called "Escrow Funds." FHA Deed of Trust-NE VMP Q Wolters Kluwer Financial Services 4/96 VMP4RINE1 (0809) Page 2 of 9 , � � a