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201107212 is evidenced by Borrowed' s note dated the same date as diis Security Instrument ( "Note "), which provides for monthly payments, with the fall debt, if not paid earlier, due and payable on October 1, 2041 . 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 tinder paragraph 7 to protect the security of this Security Insnument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to the Tntstee, in trust, with power of .sale; the following described property located in HALL County, Nebraska: Lot Two (2), in Block Twenty Four (24), Scarff's Addition to West Lawn in the City of Grand Island, Hall County, Nebraska and its complement, to -wit: Lot Eighteen (18) of Subdivis'on of Lots TwD Hundred Eighty (280), Two Hundred Eighty One (281) and Two Hundred Eighty 7WO (282) of West Lawn, in the City of Grand Island, Hail County, Nebraska Parcel ID Number; 400089`06 which has the address of 161.1 N L a f ay ett e A e Alr•eetl Grand Island lCitP].. Nebraska 68803 [Zip Cudrr] (" Properly Address "); TOGF.TT -ITR WITII all the improver cnts now or hereafter erectud on lbe property, and all easements, appurtunanecs and fixtures now or hereafter a part ol�the property. All roplaecments and additions shall also be covered by this Security Instrument. All of die furugoing is referred to in this Security Instrument as the "Property." BORROWER C0VbTAV7 S fhm Borrower is lawfully seized of the estate hereby conveyed and has die right. to grant and convey the 1't operty and dial. the Property is unencumtbercd, except for encumbrances of record. Borrower warrants and will defend geidei•ally ddc title to the Preperty against till claims and demands, subject to any encumbrances of record. TIIIS SECURITY BJSTI2UDIENT combines uniform covenants for national use and non - uniform covenants with limited variations by jtuisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and aeree as follows: 1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and interest oil, 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 fincrest as set fortb 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 i 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 Instruument, each monthly payment shall also include either: (i) a sum for the annual FHA Deed of TroBt-Nr 0451108883 VMP (a 4/96 Wolters Kluwer Financial Services VMP4R(NE) 11105) Page 2 of 10