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201�U�400 This debt is evideaced by Borrower's note dated the same date as this Se�urity Instrument ("ATote"), which provides far montbly payments, with the full debt, if not paid earlier, due and payable on October O3, 20�81 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, aad all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraPh 7 to prote�t the se�urity of this Security Instrument; and (c) the Performance of Borrower's covenants and agreements under this 5e�urity Instrument and the Note. For this purpose, Borrower irrev�bly grants and conveys to the Trustee, in tivst, with power of sale, the following d�cribed property locateii in Hall Cowrty, Nebraska: LOT EIGHT (8), LINCOLN VIEW ESTATES SIIBDIVISION IIQ T� CITY OF GRAND ISLAND, HAI.L COUNTY, NEBRASRA. Parcel ID Number: 400390728 wluch has the address of 1119 E. 9th Street [S��] Graad Island [City], Nebraska 68801 [Zip Code] ("Property Address"); TOGETHER WITFI all the improvements now or hereafter erected on the properiy, and all easemenis, appurtenances and fixtures now or herea$er a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. �� Bonower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument; but, if ne�essary to comply with law or custom, MERS, (as nomine,e for Lender and Lender' s successors and assigns), has the nght: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limite� to, releasing or canceling ttris 5ecurity Instrument. BORROWER COVENANTS that Borrower is lawfutly seize�i of the estaxe hereby conveyerl and has the right to grant and convey the Property and that the Properiy is unencumbered, except for encumbrances of record Borrower warrants and will defend generally the title to the Property against a11 claims and demands, subje�t to any encumbrance.s of re,cord THIS SECURITY INSTRUMENT combines uniform covenants for national use and non uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real properiy. Bonower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Payment of Principal, Interest and Late Charg� Borrower sha11 pay when due the principal o� and urterest on, the debt evideaced by the Note and late charges due under the Note. 2. MontLly Payment of Taxes, Insurance and Other Charges. Bon'ower sha11 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 aad special assessments levie� or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums far insurance reqwred 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 yeaz' �n which such premium would have been required if Lender still held the Security Instrum+e�nt, each monthly PaYmmt shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the S�retary, or (u) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Se�retary, in a reasonable amount to be determined by tha Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." 2200170874 V4NNE i VMP�I-4N(NE� toao�J.o� �ee s of a