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�0�106999
<br />'This debt is evidenced by Borrower's note dated 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 October 1, 2041
<br />. This Security Instrument secures to Lender: (a) the repayment of ihe debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of a11 other sums,
<br />with interest, advanced under pazagraph 7 to protect the security of this �curity 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 Ha 11 County, Nebraska:
<br />The Easterly Fifty Five and Eight Tenths (55.8) Feet of Lot Five (5) and the
<br />Westerly Twenty Three (23) Feet of Lot Six (6), Block One (1), Pleasant View
<br />Seventh Subdivision, in the City of Grand Island, Hall Gounty, Nebraska.
<br />Parcel ID Number: 400080168
<br />which has the address of 828 E Sunset Avenue [Street]
<br />Grand I s 1 and �ciry�, Nebraska 68801 [ziP code] ("Property Address");
<br />TOGETHER WITH a11 the improvements now or hareafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees 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 interests, 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 COVENAN'TS 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 record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited vaziations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />U1vIFORM 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 Taxes, Insurance and Other Charges. Borrower sha11 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 Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. In any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretaty"), or in any year in
<br />which such premium would have been requiretl if Lender still held the Security Instrument, each monthly payment
<br />shall also include aither: (i) a sum for the annual mortgage insurance premium to be paid by I,ender to the Secretary,
<br />or (ii) a monthly chazge instead of a mortgage insurance premium if this Security Instrument is held by the Secretaty,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are ca.iled "Escrow Items" and the sums paid to Lender are called "Escrow Funds."
<br />�1-08-000196
<br />Initials:�
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