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<br />is evidenced by Borrower's note dated the same date as this Security Instniment ("Note"), which provides for
<br />monthly payments, with the full debt, if not paid eatlier, due and payable on 0 c t o b e r 1, 2 0 41 . This
<br />Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced
<br />under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably
<br />grants and conveys to the Trustee, in trust, with power of sale, the following described property located in
<br />H d 11 County, Nebraska:
<br />Fractional Lot One (1), in Fractional Block Twenty-Six (26), Baker's Addition
<br />,to the City of Grand Island, Hall County, Nebraska, located on the North Half
<br />(N1/2) of the Northeast Quarter (NE1/4) of Section Twenty (20); Lot Three (3),
<br />Fractional Block Four (4) of Wasmer's Addition to the City of Grand Island,
<br />Hall County, Nebraska, and Fractional Lot Three (3), in Fractional Block Four
<br />(4), in Wasmer's Annex, the last two additions being located on the North Half
<br />(N1/2) of the Northwest Quarter (NW1/4) of Section Twenty-One (21), all of the
<br />above being in Township Eleven (11) North, Range Nine (9) West of the 6th
<br />P.M.. Hall County, Nebraska
<br />Parcel ID Number:400107236
<br />which has the address of 1915 W 1 s t S t [Street]
<br />Grand Isl and [CityJ, Nebraska 68803 [Zip CodeJ
<br />("Property Address");
<br />TOGETHER WITH a11 the improvements now or hereafter 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
<br />��, p
<br />BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Properly is unencumbered, except for encumbrances of record.
<br />Bonower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variarions by jurisdiction to constitute a uniform security insi�ment covering real property.
<br />Uniform Covenants. Bonower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest and Late Charge. Bonower 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 Ta�cc�s, Insurance and Other Charges. Bonower 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
<br />(a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or
<br />ground rents on the Property, and (c) premiums for insurance required under pazagraph 4. In any year in
<br />which the Lender must pay a mortgage insurance premium to the Secretary of Housing and Urban
<br />Development ("Secretary"), or in any yeaz in which such premium would have been required if Lender still
<br />held the Security Instrument, each monthly payment sha11 also include either: (i) a sum for the annual
<br />FHA Deed of TrusriNE 4/96
<br />VMP � VMP4RWE) (1105)
<br />Woltera Kluwer Flnancial Services Page 2 of 10
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