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2011053 provides for monthly payments, with the full debt, if not paid eazlier, due and payable on A u g u s t 1, 2 0 41 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and a11 renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under pazagraph 7 to protect the security of this Security Insmiment; and (c) the performance of Bonower's covenants and agreements under this Security Insmiment and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Eleven (11)> Block Fifteen (15), Ashton Place, an Addition to the City of Grand Island, Hall County, Nebraska Pazcel ID Number: 40 0 0122 0 0 which has the address of 2 719 W 1 s t S t [Street] G r a n d I s 1 a n d �cicy�, Nebraska 6880 3 [Zip Code] ( "Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower wazrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANT5. 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 chazges due under the Note. 2. Monthly Payment of Taxes, Insurance and Other Charge.s. Borrower 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 pazagraph 4. In any yeaz in which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban Development ("5ecretary"), or in any year in which such premium would have been required if Lender still held the Security Instniment, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by L.ender 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 charge by the Secretary, these items aze called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds." FHA Deed of Truat-NE �� 4/98 VMP � VMP4R�NE) (0809) Woltera Kluwer Flnancial Services Page 2 of 9