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20�10461G This debt is evidenced by Borrower' s note dated tha same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on July 01, 2041 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and atl renewals, extensions and modifications of the Note; (b) the payment of all other surns, with interest, advanced under pazagraph 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 properiy located in Hall County, Nebraska: Lot Sis (6), in Block Fine (5), Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska. This is a purchase money Deed of Trust. Pazcel ID Number: 400107341 which has the address of 1824 W Division Street [sueet] Grand Island [City], Nebraska 68803 [zip code] ("Property Address"); TOGETI�R WITH a11 the improvements now or hereafter erected on the prog�rty, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be covered by tlus Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properiy." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower in tlus Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or a11 of those interests, including, but not lixnited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and thai the Property is unencumbered, except for encumbrances of record. Bortower warrants and will defend generally the title to the Property against a11 claims and demands, subject to any encumbrances of record. THIS 5ECURITY INSTRLTMENT combines uniform covenants for national use and non-uniform covenants with lixnited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal o� and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Tazes, 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 chazges, a sum for (a) taxes and special assessments levied or to he levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under pazagraph 4. In any year in which the Lender must pay a mortgage insurance premium 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 (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 Secretary. Except for the monthly chazge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 2200139626 D 4NNE IniUal . VMP�-0�N(NE) Ioam).ot Page 2 of 8