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�01�04685
<br />This debt is evidencefl by Bonower's note dated the same date as this Security Inslrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid �rlier, due and payable on July 01, 2041
<br />. This Security Inshiunent secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) tbe payment of all other sums,
<br />with interest, advanc� under paragraph 7 to prote�t the security of this S�urity Instmm�ent; and (c) the Perfa�mance
<br />of Borrower° s covenants and agreeroaents under this Security Instrument and the Note. For this Purpose, Bon'°R'er
<br />urev�ably grants and conveys to the Trustee, in trust, with power of sale, tha following descn`bed property located
<br />in Sall County, Nebraska:
<br />LOT '1°WLNTY°TWO (22) , IN BLACR ONE (1, , IN b�VE3 I'IRST ADDITION TO T� CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASRA.
<br />Parcel ID Number: 4000692232
<br />which has the address of 656 MacArthur Ave:►ue [S�l
<br />Gsar�d Island [City�, Nebraska 68801 [Zip Code] ("Property Addt�s");
<br />TOGETI-�R WITH all the improvements now or hereafter erected on the properiy, and all ease�ents,
<br />appurtenances and fixhxres now ar herea$er a part of the property. All replacements and additions shall also be
<br />covered by this Se�urity Instrument. All of tha foregoing is referred to in this Security Instrument as tha "Property.��
<br />Borrower uaderstands and agrees that MIIt5 holds only legal title to the i�erests grante� by Borrower m this
<br />S�urity Instrament; but, if necessary to comply with law ar custom, MERS, (as nominea for Lender and I,ender' s
<br />successors and assigns), has the right: to exercise any ar all of those interests, including, but not limited to, the right
<br />to for�lose and sell the Property; and to take any �ction required of I.ender including, but not limited to, releasing or
<br />cancxling this Security Instrument.
<br />BORROWER COVENANTS that Bosower is lawfully seized of the e.gtate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for �cumbrances of r�ord. Boaower
<br />warrants and will defend generally the title to the Properiy against all claims and demands, subjer.t to any
<br />encumbrances of record.
<br />THIS SECiJRI'TY INSTRUMENT combines uniform covenants for national use and non uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform sex�rity instrument covering real property.
<br />Borrower and I,ender covenant and agr� as follows:
<br />tJNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal o� aad
<br />interest on, the debt evidenced by the Note and late chazges due under the Note.
<br />2. MontLly Payment of Tages, Insnrance and Other Charges. Borrower sball include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late chazges, a swn for (a) taxes and
<br />spexial assessments levied or to be levied against the Propert�+, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums far insurance required under paz�agraph 4. In any year �n which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Fiousing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have b�n required if Lender still held the Security Insbr�nnent, each m�nthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a m�nthly charge instead of a m�rtgage insurance premium if this Security Instrument is held by the Serretary,
<br />in a reasonable atnount to be det�mined by tha S�retazy. Except for the monthly charge by the Secretazy, these
<br />items are callai "Escrow Items" and the sums paid to Leader are called "Escrow Funds."
<br />2200130406 �. D V4NNE
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