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� �. � �� ` :�l - ,� - � = ; +... I ' , , ,, 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 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 sums, with intere.st, advanced under paragraph 7 to protect the security of this Securiry Instrument; and (c) the performance of Bortower's covenants and agreements under this Security Insmtment and the Note. For this purpose, Bonower irrevacably grants and conveys to the Trustee, in irust, with power of sa1e, the following described property located in H a 11 County, Nebraska: Lot Six (6), in Block Eight (8), in West View Addition to the City of Grand Island. Ha1T County, I�ebraska and that part of vacated 9th Street as shown in Ordinance No. 4948, filed in Book 21. Page 316. Pareel ID Number. 4QO I�gI53 which has the artdaess of 823 N ffoward Rve [s�ti Crand I sl and [eicyt Nehraska 688a3 [�p ��] ("�PertY AddTess"); T�ETHER �� ai� the impravements now ar hereafter erected on tfie properiy, and all easemertt�, appurtenanee.s anc� fi�tures �v�r ar hereafter a part af tt�e property. All repl�ts and adctitions shatl also be ceverExi by this Security Tn�t. �li af the foregoing is refened to in this Secusity Instruffient as the "Propert}r." BORRO�ER COVEN'A�l�'S tisat B�rrower is Iawfully seized of the estate flereby conveyed and has the right ta grant and conve� the Frope� aud that t�se Property is unenculnbered, except for encumbrances of record. Bonower watrants anc1 will defend generally the title to tfie Property against atl claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUN�EN'T combin� uniform covenauts for narional use and non-uniform covena�ts with limitect variations by jurisdiction to constitute a uiriform security instrument covering real property. Borrower and �.ender covenant anc� agree as fo�Iows: iJ1VIFORM COVENANTS. 1. Payment of Principai, 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. Manthly Payment of Taxes, Insurance and Other Charges. Borr�wer 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 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 Secretary of Housing and Urban Development ("Se,cretary"), or in any year in which such premium would have been required if Lender still held the Security Instrument, each monthly gayment 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 Instrument 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 are c�alled "Escrow Items" and the sums paid to Lender are called "Escrow Funds." FHA Deed of Trust-NE VMP � Wolters Kluwer Financiel Services 4/96 VMP4RINE) (0809) Page 2 of 9 � � � � � .