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�01105469 BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably grants and conveys to Truste�, in trust, with power of sale, the following described property located in the County of Mall , State of Nebraska: Lot Two (2), Island Acres Subdivision No. 10, in the City of Grand Island, Mall County, Nebraska. This is a purchase money mortgage. ;-: ' which has the address of 1424 NORTH HANCOCK AVE, Grand Island, NE 68803 (herein "Property Address"); TOGETHER with all the improvements now, or hereafter erected on the property, and all easements, rights, appurtenances, rents, (subject however to the rights and authorities given herein to Lender to collect and apply such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; `and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred to as the "Properry". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for the First Deed of Trust identified in paragraph 23 (hereinafter referred as the "First Deed of Trust") encumbrances of record. Borrower covenants that Bocrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal; Prepaymen� Borrower shall promptly pay when due the principal of the debt evidenced by the Note. 2. Application of Payments. Unless appficable (aw provides othervvise, all payments received by lender under the Note and paragraph 1 hereof shall be applied by Lender first to any payments made by �ender pursuantto paragraph 6; and second, tq principal due underthe Note. 3. Prior Mortgages and Deeds of Trust; Charges: Liens. Borrower shall pertorm all of Borrower's obligations under any mortgage, deed of trust or other security agreement with a lien which has priority over this Deed of Trust, including Borrower's covenanYs to make payments when due. Borrower shall pay or cause to be paid all taxes, assessments and other charges, fines, and impositions attributabie to the Property, which may attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any. Borrower shall pay these obligations by making payment, when due, directly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts due under this paragraph, and receipts evidencing such payments. Except for the First Deed of Trust ident�ied in paragraph 23 (hereinafter referred as the "First Deed of TrusY') Borrower shall promptly discharge any lien which has priority over this Deed of Trust unless Borrower: (a) agrees in writing to the payment of the obligation secured by such lien in a manner acceptable to Lender; NE Entry CostAssistance Loan Deed of 7rust 2200140865 Page 2 of 8 0204 (ECAMNE)