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2011055�0 provides for monthly payments, with the full debt, if not paid earlier, 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 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 Se�urity Insmiment; and (c) the performance of Borrower's covenants and agreements under this Securiry Instniment and the Note. For this purpose, Borrower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described properly located in H a 11 County, Nebraska: The Southerly One Half (S1/2) of Lot Four (4), in Block One Hundred Thirty Three (133), Union Pacific Railway Co's Second Addition to the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400097362 which has the address of 815 N 0 a k S t Isa�t� G r a n d I s 1 a n d [ciry�, Nebraska 688 O 1 [Zip Code] ( "Progerty 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 property. All replacements and additions shall also be cover� by this Security Instrument. All of the foregoing is refened 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 re�ord. Borrower wairants 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-unifortn covenants with limited variations by jurisdiction to constitute a uniform security instivment covering real property. Bonower and Lender covenant and agree 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 Tages, Insurance 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 chazges, 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 ("Secretary"), or in any year in which such premium would have been required if Lender still 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 S�urity Instrument is held by the Secretary, in a reasonable amount to be determin� by the Secretary. Except for the monthly chazge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Fscrow Funds." FHA De�i of Trust-NE M 4/96 VMP Q VMP4R(NE) (0809) Wolters Kluwer Flnancial Services Page 2 of 9