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20��0570� 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 trust, with power of sale, the following described pmperly loca.ted LOT 3IX (5) , SLOCR T�TO (2) , COLODIIAL ESTATES TENTS SUSDIVISION IN ' ITX OE'� GRAND ISLAND, HAI�L COUNTY, NESRASRA. *SEE ADJ[TSTABI�E RATE RIDER TBIS IS A PURCHASE MONEY SECIIRITY INSTRUMENT. TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. BOX 11701, NEi�i4RFC, NJ 071014701 which has the address of 3203 MEMPSIS PT,ACE, GRA1�ID ISLAND [sneet, Ciry), Nebraska 68803 [zip Cate� (^p�g�riy 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 covered by tfiis Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properly and that the Properiy is unencumbered, except for encumbra,nces of record. Borrower warrants and will defend generally the title to the Progerly against all claims and demands, subject to any encumbraaces of record. THIS SECLTRITY INSTRUMENT combines uniform covenants for nafional use and non-uniform covenants with limited varia.tions by jurisdiction to constitute a uniform security instrument covering real progerty. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Inter�t and Late Charge. Borrower 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 Taxes, Insurance and Other Charges. Borrower shall include in ea.ch 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 ;n�*a� required under paragraph 4. In any year in which the Lender must pay a mortgage �nc„ran� 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 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 (ri) a monthly charge instea.d of a mortgage +nc�ran�e 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 a.re called "Escrow Items" and the sums paid to Lender are called "Escrow Funds," Lender ma.y, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount that may be required for Borrawer's escrow account under the Real Estate Settlement Procedures Act of 1974, 22 U.S.C. Section 2601 et seq. and implementing regtilations, 24 CFR Part 3500, as they may be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for una.nticipated disbursements or disbursements before the Borrower's payments are available in the account may not be based on amounts due for the mortgage insurance premium. �-4R(NE) taeo�� ee z ot e �„��;��-