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<br /> of Honower's coyenants ancl ugreements under this Security lnstrument and Qie Note. toi thts pufrn�c,Larro��cr
<br /> .:.T:;�� irrevocably grants aad convsys ro the'Trustce. in trust,with pow�r of sale, the following describcd propeny locate�l •:+
<br /> ` � in NALI County,N�Drnskn;
<br /> THE SOU'fH HAI.F (S1/2) OF LOT FIVE (5), BlOCK TWELYE (12), IN GILBERT'S �
<br /> .�.��"� SECON� AQOIT I01� 70 THE C ITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> ' y which has the address of 1315 N CLARK,GRAND ISL�►ND ls�ree�,c�ry�,
<br /> - ='.'ii�.:. Nebraska 68801 [Zlp Code) ("Ptoperiy Address"):
<br /> - :..;• �
<br /> �,.:::a�:uti�;: TO(3ETHE14 WITH all the Improvementa now or hereafter erecied on the properry, aad nll euscmenta,
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<br />=";;:t�•, �•r,�.'r appurtenances and fixtwes now or hereafter a part of thc property. All nplacements and additions eA�l� deo be
<br />_--ij:+:` ' covered by this SecuriTy Tnstrumsnt.All of the foregoing is referred to in this Securiry Instrumont as the `Pmpeny." _
<br />�.,.�,_.
<br /> �.:"?`�`�',. ; BORRQWER COVBNANTS that Borrower is lawfuUy seized of the estate hereby wnWCyed and has the dgttY to
<br /> �`�"�� grnnt aad convey the Property and that the Property is uneacumbered,eacept for encumbraaoes of recatd,Botrower
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<br /> -- - wanaats and will defend generally the title ta the Property against all claims and detnt.�ls, subJxt to any
<br /> -_-_�-�� encumbrances of recard.
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<br /> ..'_.,�`� THIS SECURITY INSTRUMENT combines w►ifann covenaata for national use and aon•uniform covenants
<br /> __�,.�=.Y.�� with limited variadoas by jurlsdiction to constitut�a uaiform security instn�m=nt covedng real property.
<br /> �- Bonower and I..ender covenant aad egree as fAllows:
<br />- UNIPORNi COVBNANT5.
<br /> .� 1. P�yment oi 143ncipAl, Intuest snd I,atc Charge. Boaower shall pay whea due the prindpal of� and
<br /> - interest on,tho debt evidenced by tha Note and late chacges due under the Note.
<br /> �-� 2. Monthly Pe�ymeAt of Tsuces, Insurance and Other Charges. Borrowex shall include In each monthiy
<br /> paymeat,togtther wfth the principal and intereat as set farth in che Note and any late charges,a eum for(e) taxes and
<br /> epeciel assesamenta levied oi to be levied agajnst t�e Property, (b) leasehold payments or gmuad rcnts on the
<br /> Property,and(c)premiums for Insurance required under pazagcaph 4. In any year in whlch the Lender must pay a
<br /> __._ mortg�ge inautana premium to the Secretary of Housing and Urban Developinent("Socr�tary'). or u►eny year in
<br /> whlch such prenr►lum would have been required if I.ender atill held the Security[nstrument, each monthly paymeat
<br /> ehaU aleo Include elther. (i)a aum for the annual mnortgage insurance premium to be paid by Lender to �he Secretxry,
<br /> or(ii)a montlily c6arge instead of a mortgage insurpnce premium if thia Security Instcument is held by the Secretary,
<br /> � (n a rauonable aawunt to be detercnined by the Secretary. Except for the munthly charge by the Sccr�cary, tltese
<br /> — itetnn nxe called "Escrow Items"and the sums paid to Lender are called"Esctnw Funds."
<br /> Lendec may,at any time,collect and hold amauats for Bscrow Items in an aggrcgatc amount not to�xcxd the
<br /> maafmum amount that may be required for Bottower's escrow account under ths Real Estate Settlemeat P'rocalures
<br /> Act ot 1974, !2 U.S.C. Sectioa 2601 et seq. and implementing ngulations, ?A CFR Part 3500, as they may be
<br /> arne�ided from time to time ('RESPA"), except that the cushion or reserve permittal by RESPA for unanticipatal
<br /> _—_ dlsbunctncnts or dtsburscnients before the Bonower's payments azc avallable in the account may aot be based on
<br /> �� -- amotmts duo for the mortgage insurance premium. _
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