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20��05270 This debt is evidenced by Borrower's note dated the same date as tlus Security Instnxment ("Note"), which provides for monthly payments, with the full debt, if not paid e�arlier, due and payable on August O1, 2041 . This Security Instrurnent secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of tl�e Note; (b) the payment of all other sums, 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, Borrower irrevocably grants and conveys to the Trustee, in txust, with power of sale, the following described property located in 8all County, Nebraska: LOT TWELVE (12) IN SLOCR FIVE (5) IPi CIINNINGHAM SIIBDIVI3ION IN TFiS CITY OF t�RAND ISLAND Sd1LL CODNTY NRBRASRA. "PIIRCFiASE MONFY° "P'0'RCHP.SE MONEY° Pazcel ID Number: 400040256 wluch has the address of 2415 W 16TS ST [Street] Graad Island [Ciry], Nebraska 68803 [Zip Code] (" Properly Address" TOGETHER WIT'H a11 the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be covered by this Security Inshument. .AII of the foregoing is refened to in this Securiry Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this 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 limited to, the right to foreclose and sell the Property; and to take any action required of Lender includittg, but not limiteri to, releasing or canceling this Security Instrument. BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properiy and that the Property is unencumbered, except for encumbrances of record Borrower wanants and will defend generally the title to the Property against all clauns and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for nationaI use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Bonower and Lender covenant and agree as follows: UN�ORM COVENANT5. 1. Payment of Principal, Interesk 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 Tazes, Insurance and Other Charges. Bonower shall include in each monthly payment, together with the prittcipal and interest as set forth in the Note and any late charg�, a sum for (a) taaces and special assessments levied or to be levied against the Properly, (b) leasehold payments or ground rents on the Property, and (c) pre�miums 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 Insirument, each monthly payment sha11 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 inste,ad of a mortgage insurance prexnium if this Security Instruxnent is held by the Secretary, in a reasonable amount to Ue 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 called "Escrow Funds." 8801026452 � 4-y�,�01026452 Initfafs: C� � VMPe•4N(NE) �oao��.o� Page2 of 8 �