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2011�7553
<br />This debt is evidenced by Bozrower's note dated the same date as this Security Instr�unent ("Note"), which
<br />provides for monthly payments, wi�h the full debt, if not paid earlier, due and payable on November O1, 2 041
<br />. This Security Instrument secures to Lender: (a) the repayznent of the debt evidenced by the
<br />Note, witb interest, and all zenewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For tlus purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, witth power of sale, the following described property located
<br />in Ha11 County County, Nebraska:
<br />Lot One (1), in Block Nineteen (19), in Baker's Ad.dition to the
<br />City of Grand Island, Hall County, Nebraska
<br />Parcel ID Number: 400014378
<br />which has the address of 2403 W 2nd St [street�
<br />Grand Island [city], Nebraska 68803 [zip Code] ("Property Address");
<br />TOGETHER WITH aII the improvements now or hereafter erected on the property, and a1l easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall 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 a�ees that MERS hoids only lagal title to the interests granted by Bonower 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 assi�s), 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 COVENANTS 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 SECURTI`Y INSTRUMENT combines uuiform covenants for national use and non-uniform covenants
<br />with lunited variations by jurisdicbion to cons�itute a uzriform security instrument covering real properiy.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM 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 chazges due under the Note.
<br />2. Monthly Payment of Tages, Insurance and Other Charges. Bonower shatl include in each month2y
<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 tha Secretary of Housing and Urban Development ("Secretaty"), or in any year in
<br />which such premium would have been required if Lender still held the Security Instrument, each monthly payment
<br />shall also include either: (i) a sum For the annual morcgage insurance premium to be paid by Lender to the Secretary,
<br />or (u) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be deYermined by the Sea�etary. Except for the moathly charge by the Secretary, these
<br />items aze called "Escrow Items" and the swns paid to Lender are called "Escrow Funds."
<br />1351112221
<br />VMP�-4N(N� �oao��.at �eee2 ot e
<br />Initlals: 4�
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