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��'�� is evidenced by Borrower'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 pazagraph 7 to protect the security of this Security Instrument; and (c) the performa.uce of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located in H a 11 County, Nebraska: Lot Six (6), Claussen Subdivision, in the City of Grand Island, Hall County, Nebraska. Parcel fD Number:400155Q52 which l�as the ad�ess of 43I3 C1 aussen Rd [Street] Grand I s7 and [CityJ, Nebraska 68803 [2ip Cade] ("Pro�rty Address")> TOGETIT�R VVi'TH � the improvements now or hereafteF erected aa the property, and all easements, appurcenances and f�xlures now or hereafter a pare of tt�e groperES+. A11 replacements and a�itions shall also be covered by this 5ecurity �nstnunent. AIl of the foregoing is referred to in tius Security Insmament as the p�r_'-! .1� BORROWER COVENANTS that Borrower is la�ly seized of the estate hereby conveyed and has the right to grant and conve� the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants aa�d will defend generatiy the title to the Progerty against a�I claims and demands, subject to any encumbrances of record. THIS SECURITY Il�ISTRUMENT combines tuuform covenants for national use and non-uniform covenants with limited vatiations by jurisdicrion to constitute a uniform security instrument covering real property. Uniform Covenants. Bonower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall 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. Bonower 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 I.ender 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 FHA Deed of Trust-NE 4l96 VMP � VMP4RINE) (1105) Wolters Kluwer Financial Services Page 2 of 10