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<br /> of Borrawer's coveaants and agreements under this Securiry Insuument and the Note. For chis putpose,
<br />_� irrevocably grants and conveys to the Tnutee,in uust, with power of sale,the following described properry locatad . , , • • ;�
<br />�� in HALL Counry,Nebraska: ; r--� =-..- -- -
<br /> �.OT ONE HUNDRED FIFTY THREE (153j, BUENAVISTA SUBQIVISIafV, AN ADDITION TO TNE , . . -�
<br /> : CITY OF GRANO ISLAt10, HALL COUNTY, NEBRASkA. . �. `�
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<br /> '�; which ltas the address of 408 E NEBRASKA AVENUE,GRAP�D ISLAND �sue«.cayl, �'�.'����:�:=,,.
<br />'� Nebraska 68801 tzivCodel f'Prnperty Elddress•); �_:��-" . - .
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<br /> "i TOGEI'HER WITH a11 the improvemeau now or hereafter ered� on the property, aad aU easements, ``�' --_.,.�
<br /> �J.Ywi.
<br /> � appwteaances and 5xtures now or hereafter a part of the propzcty. All replacements and additions shall also be �• ;�. --
<br /> �; covered by this Security Instrument.All of the foregoing is referred to in this Security Instru�nt as We'Property.° �fy� _
<br /> � BOItROWER COVENANTS that Bomnwer is lawfully seized of the estaze hereby couveye�aad has the right to . V J l"' �-
<br /> . �:•>..,.,.:.
<br /> gran t an d wnv e y t h e P r o p e rt y an d t h a t t h e P r o p e r t y i s u n e n c u m b e r e d,e x c e p t f o r e n c u m b r a n c e s of record.Barrower � ^ :•' .� �,:
<br /> warrants and will defend geaeiaUy the dde to the Property against aU claims and demands. subject w any ,},.., . .'��'
<br /> c-ncumbrances of recozd. ��f" .,,:`� %.
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<br /> T'HIS SECURITY IIVSTItUMENT combines uniform covenants for national use and non-�miform coveaants ,� . , _ ;',�?r:, -_
<br /> with limited variauons b diction to c�nsritute a uniform secarity insuument covering real prop�rty. � < . :':; : '-
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<br /> Bntt�+�r and Lender covenant ar,�i�as follows: ,' ..$? ;.�;;
<br /> - LiNIFORMCOVENANTS. j``�.,: '
<br /> 1. Pgymeat of Frindpal, Interest and Late 4:P�arge. Bormwer shall pay when due the prIncipal of, aad .� •j��`�,
<br /> � interest on,.s�e debt evidenced by the Note and late charges due uader she Note. �, -
<br /> „ �'. 2. Mnr�•Iily �ymeat o!71agc9. Ingarance and Otfier Chaiges. Bo�rrower shall iaclude in each montLly . �
<br />' payment,together witl�the princlpal and interest as sei forth ia the Note and a�r late charges.a suYn for(a)ta�ces and �.�,� .
<br /> spetial assessments levied or to be levlEd against the Properry, (b) leasehold paymenis or gcound rents on the ___+._: ^ --�''.
<br /> Property,aad(c)premiums for 9n.gurance required vnder para�aph 4. In aay year in which the Leader must pay a
<br /> mortgage�ancc remitun to the Secr�tary of Housing�d Urbaa Developm�nt('Secntary'), or ia aay year in '�-`--=-'
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<br /> which sucii preminm woutd have been required if I.ender still held the Securiry Insuument,ezch munthty payment
<br /> .,_.— _
<br /> shall also include either:(i)a sum for the annual mortgage insurance premium w be pa�d by Leader to the Secretary, _ •�"`^��•� .� �
<br />' �or(ii)a montbly charge�i:stead of a mortgage insurance pnmium if this Securiry Insnrument is held by tiie Secretary, � ���"'��
<br /> in a reasonabie amount to be determined by the Secretary. Eaoept for the montiily chazge by the Secret�, these � .^�,.,,��
<br /> ::t items are called"Escrow Items"and the sums paid to Lender are called°Escrow Funds.' ----_-
<br /> I.ender may,at aay tlme.collea and hold amounts for Esccoa Items in aa aggregate amount not to exceed the - '� �
<br /> � maximum amount that may be required for Borrower's escrow aceount under the Real Estate Settlement Picr�ures �`%f��
<br /> Act of 1974, 12 U.S.C. Seccion 2601 et seq. and 'amplementing regulations, 24 CFR Part 3500, as th��� ��be � � . ,r . . _
<br /> � amended fro�time to t�s("RESPA')> excepi tL�the cushton or reseive pen�itr.ed by RESPA Yor un-2..ir�ated ' � ' � '=_�' � : '
<br /> disbu:sementa or disbursememts before the Bormwer's payments aze available in the account may not be based on 3: ' ` � � ---
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<br /> '� � amounts due for the mortgage�nsuraace premium. •,, '�
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