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�o��os3�3 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 property located in HALL County, Nebraska: I�OT THREE-(3), ELROD ESTATES SUBDIVISION, ALDA, HALL COUNTY, NEBRASItPi. TSIS IS A PIIRCHASE MONEY SECIIRITY INSTRUMENT. TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO SOME MORTGAGE, P.O. 80X 11701, NEWARR, ATJ 071014701 which has the address of 607 SATIIRN ST, ALDA [Saee�, City], Nebra.ska 68810 [Zip C«ie] ("property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all ea.sements, appurtenances and fixtures now or hereafter a part of the progerty. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properly." BORROWER COVENANTS that Borrowex is lawfully seized of the estate hereby conveyed and has the right to grant and convey the Properly and that the Property is unencumbered, except for encumbrances of record. Borrower warra.nts and will defend generally the tifle to the Properly against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRLTMENT combines uniform covenants for national use and non-uniform covena.nts with limited variations by jurisdiction to constitute a uniform security instrument covering real progeriy. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Intere.st and Late Charge. Borrower sha,ll 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 Tag�, Insurance and Other Charg�. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any la.te charges, 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 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 insurance premium to be paid by Lender to the Secretary, or (u) a monthly charge instead of a mortgage �nc�,ra�p premium if this Security Instrument is held by the Secretary, in a rea.sonable amount to be determined by the Secretary. F,lccept 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 auy time, collect and hold amounts for Escrow Items in an aggregate amount not to exceed the maximum amount tha.t may be requu�ed 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 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 �nc�ransp premium. �-4R(NEM ts6o1) Page 2 of 8 InItlals:�