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�0�106254
<br />This debt is evidenced by Borrower's note da,ted the same date as this Security Instrument ("Note"), which
<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on September 1, 2041
<br />. This Security Insixument secares to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and a11 renewals, extensions and modifications of the Note; (b) the payment of a11 other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower'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 sale, the following described property located
<br />in $a 11 County, Nebraska:
<br />The West Sixty Five (65) Feet of Lot Three (3), in Block Twelve (12), in
<br />Parkhill Third Subdivision, an Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />Parcel ID Nwnber: 400074788
<br />which has the address of 707 S B 1 a i ne [Street]
<br />Grand Island �cicy�,Nebraska 68803 [ZipCode]( "PropertyAddress");
<br />TOGETI�R WITH a11 the improvements now or hereafter erected on the property, and a11 easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and addirions sha11 also be
<br />covered by this Security Instrument. All of the faregoing is referred to in this Security Instrument as the "Property."
<br />Bonower understands and agrces that MERS holds only legal title to the interests granted by Borrower 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 all of those inter�ts, 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 limited to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of rec;ord Borrower
<br />warrants and will defend generally the title to the Property against a11 claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECLTRTTY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />iJNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Tazes, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) taxes and
<br />special assessments levied or to be levied against the Properly, (b) le�asehold payments or ground rents on the
<br />Properiy, and (c) premiurns for insurance required under paragraph 4. In an� year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary"), or �� y � �
<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 charge instead of a mortgage insurance premium if this Security Instnunent 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 aze called 'Bscrow Items" and the sum,S paid to Lender aze called 'Bscrow Funds. "
<br />11-06-000164
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