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�0��06775 is evidenced by Bonower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on 0 c t o b e r 1, 2 0 41 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security insriument and the Note. For this purpose, Borrower inevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Seven (7). Block Three (3), in Le Heights Second Subdivision, in the City of Grand Island. Hall County, Nebraska. Parcel ID Number:400157543 which has the address of 23I� Stardust Ln [Street] Grand Isl and [G�tyJ, Nebraska 6�803 [Zip CodeJ ("ProPertY Addz�e.�.s"); TOGETHER W�I att t�s iffiprov�nts �w Qr Ecereat'ter erect� on� the Properh', and alI easements, �pp�xrtenances anc� f�xtu�es now �r �Zereai�� a pax� o£ the groperty . a1I regt�ements and addirions sha[1 also be covered by this Secvrity Instrument. AIl of tl3e foregai�g is referred to in this Security Instrument as the p �Y�_ _./ . M BORROWER COVENANTS that BvFrower is Iawfully seized of the estate hereby conveyed and has the right to grant and convey the Ptoperty and t� t�e Prop�Bty is unencumbered, except for encutnbrances of record. Barrower warrants anct wil� c�efend genera.tly t�e title to the Property agaiIISt all claims and demands, subj�t to any encumbrances of record. THIS SECURITY INSTRUMENF combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering reat property. Uniform Covenants. Bonower and Lender covenant and agre,e as follows: Payment of Principal, Interest and Late Charge. Borrower shaIl 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 Taxes, 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, (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 ("Se,cretary"), or in any year in which such premium would have been required if Lender still held the Security Insmtment, each monthly payment shall also include either: (i) a sum for the annual FHA Deed of Trust-NE 4/98 VMP p VMP4R(NE) (1105) Wolters Kluwer Financial Servic� Page 2 of 10