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20�104693 This debt is evidenced by Bonower's note dated the same date as this Security Instrument ("Note"), which 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 se�ures 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 s�urity of this Security Inslrument; and (c) the performance of Borrower's covenants and agr�ments 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 properiy located in H a 11 County, Nebraska: Lot Twelve (12), Springdale Second Subdivision, in the City of Grand Island, Hall County. Nebraska Parcel ID Number: 4004949808 which has the address of 4057 WESTGATE RD �st�t� Grand Island �c►ty�,Nebraska 68803 [z�coae�("PropertyAddress"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixhues now or hereafter a part of the property. All replacements and addirions shall also be covered by this S�urity Instrument. All of the foregoing is referred to in tlus Security Instrument as the "Progerty." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower in this Security Instrument; but, if n�essary 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 inter�ts, including, but not limited 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 Bonower is lawfully seized of the estate hereby convey� and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and v�nll defend generally the title to the Property against all claims and demands, subjec;t to any encumbrances of record THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to consritute a uniform s�urity instrument covering real property. Bonower and Lender covenant and agrce 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 evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Taxes, Insnrance 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 charg�, 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 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 srill 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 charge instead of a mortgage insurance premium if this Se�urity Instrument is held by the S�retary, in a reasonable ainount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are calltxi "Escrow Funds." �-4N(NE) �oao�) aaye2 a a � �5- 00096 Initia : � � �