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<br />This debt is evidenced by Bonower' s note dated the same date as this Security Instrument ("ATote"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on September 01,
<br />2041 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Tnstrument; and (c) the performance
<br />of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sa1e, the following described property located
<br />in xall County, Nebraska:
<br />Fractional Lot Four (4), in Block One Hundred Sixteen (116), Railroad Addition
<br />to the City of Grand Island, Hall County, Nebraska and Fractional I+ot Four (4),
<br />in Block On� Hundred Sixteen (116), in Roenig and Wiebe's Addition to the City
<br />of Grand Island, Hall County, Nebraska, ERCEPTING therefrom the Northerly Eighty
<br />Five and Three Tenths (85.3) feet thereoP.
<br />This is a purchase money Deed of Trust.
<br />Pazcel ID Number: 400081776
<br />which has the address of 111 s Clark St [Street]
<br />Grand Island [city], Nabraska 68801 [zip code] ("Property Address");
<br />TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fxtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is refened to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower in this
<br />Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's
<br />successors and assigns), has the right: to exercise any or a11 of those interests, including, but not limited to, the right
<br />to foreclose and sell the Property; and to take any action required of Lender including, but not lnnited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of record. Bortower
<br />warrants and will defend generally the title to the Property against a11 claims an.d demands, subject to any
<br />encumbrances of record.
<br />T'HIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variarions by jurisdiction to constitute a uniform security instrument covering real property.
<br />Bonower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Bonower shall pay when due the principal o� and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Tazes, Insnrance and Other Charges. Bonower sha11 include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late chazges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a monthly chatge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />2200149464 D V4NNE
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