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�O1i06242 of Borrower's covenants and agreements under this Security Insirument and the Note. For this pwpose, Borrower irrevocably grants and conveys to the Trustee, in irust, with power of sale, the following described property located in �L County, Nebraska: LOT EIGHT (8j, CENTENNIAL GARDENS SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COIINT3C, NEBRASRA THIS IS A PIIRCf3ASE MONEY SECURITY INSTRIIN�NT. TAX STATEMENTS SSOIILD BE SENT TO: �'LLS FARGO HOME MORTGAGE, P.O. BOX 11701, NEWARK, NJ 071014701 which ha.s the address of 2322 N I,OCIIST ST, GRAND ISLAND [Street, City], Nebraska 68801 [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 property. All replacements and additions shall also be covered by this Security Inshvment. All of the foregoing is referred to in this Security Instrument as the "Properly." BORROWER COVENANTS that Borrower is lawfully seized of the esta.te hereby conveyed and has the right to grant and convey the Progerty and that the Property is unencumbered, except for encumbrances of record. Borrower wamants and will defend generally the tifle to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRiJMENT 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: UI�IIFORM COVENANTS. 1. Payment of Principal, Interest 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 Taz�, 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 charges, a sum for (a) taxes and special assessments levied or to be levied against the Property, (ts) 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 �nc�„�nce premium to be paid by Lender to the Secretary, or (ri) a monthly charge instea.d of a mortgage �nc„rance 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 are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." Lender may, at any time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount tha.t ma.y be required for Borrower's escrow account under the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they ma.y be amended from time to time ("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated disbursements or disbursements before the Borrower's payments aze available in the accouat may not be based on amounts due for the mortgage insurance premium. �-4R(NE� (8601) Page 2 of 8 Inkials:�_� `2�VY I/: