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<br /> ' _` :-"! of Borrower's covenants and agreements under this Security Inst�meat and the Note. For this pu:pose, Borrower ' ^ ` L `•:. `
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<br /> i�eyocably grants and oonveys to the Tcustee,in trust,with power of sale,t?ae following describ Aprop N � Y `'1 . .
<br /> ; � . � ;� Hall � �. �,.
<br /> � Lat Thirty Three (33), in Potash Subdivision, Hall County, Nebrastca � ,4 � y.� .: ;
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<br />' � a,h;cb 6as the address of 4006 Reed Road,Grand I sl and �S"a`.�"yI' ` `'.�'�`
<br /> . .. ;,� Nebraske 68&03 [z;pcorteJ ('�P�Y��"); =. �.- -��^
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<br /> ' TO(iETHER WITH all the improvesenu now or hereafter emcted on the property, and aU eatements, , •; . .�,-
<br /> . : • ���� appurtenances and fixtures now or heieafter a part of th$pmperty. A�zeplacements and addidons shall atso be '���
<br /> _ , .... .'.m�; covered by this Security Insaument.All of t�►e foregoing is refemed to in this Securiry Insuuraent aa the"Propercy.° �i�. -
<br /> . ; 't SORROWER COVENANTS that Borrower is IawfiilIy seized o f t h e estade hem by convey e d a n d has the ri g ht w . . i. ��.�:�_
<br />_- � �� grant and convey the Pmperty and that che FropertY is uaencumbered,except for encumbzances of record. Borrower • ____-__
<br /> warranu aad an'tl defend generally th� ritte to the Property aa��t all claims and demands. subjecc to azry ., '"��v`�
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<br /> � ° encombrances of record. , -
<br /> ' TIiIS SEC[JRTTY INSTRUMEI�T combines uniform covenants for nadonal usE and non•uniform ooveaanu ,�,i`':;,��-,---:'
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<br /> , ' with limited variarious by jurisdicdon to constitute a aniform security inswment covering real property. .. J-;:
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<br /> -. �. - ' . '•: Borrower a�Lender covenant and agree as foflows: �
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<br /> --� - -- . UMFORM COVENANI'S. : . , ;�i�,-
<br /> ' � 1. Payment of Principa�, Inteti'est and Late Charge. Borrawer shall pay when due the principal of, and � ..., .��4 t�-
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<br /> . interest on.the debt evideaced by the Note and late r.harges due under the Note. ; . • �+�_•=
<br /> • �^ '.' 2. MontWy Payment of Taxes, Ias'urance and Othw' Charges. Bonower shall include in.each monthly • �.'�;-=
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<br /> • `. .� payment.together with the principai and interest as set forth in the Note and any late charges,a sum for(a)taxes and _
<br /> • sptc;ai assessments levied or co be levied against the Property, (b)leasehold payments or ground rents on the . ._. .��
<br />. - . '".', pro P e rt y,and(c)Preauums for insuraace requiced ur.der paragraph 4. In an}r year in wirich the Lender must pay a ;�;:�-�
<br /> '.� � mortgage insurance preminm to the Secretary of Housing an d l l r ban Deve lopmen t("S e c r e t a r 3+"),o r i n a�N Y�� ."�'�"%�—_�
<br /> "� � which such prcmium wwld have been required if Lender still hetd the Securlty Instrumeut, each montbly payment ., .
<br /> � • ��` sha11 also include either:(i)a sum for the annual mortgage inswance premium to be paid by Lender to the Secretary. ;� : .... � !' � .
<br /> � � ` or(ii)a monthly charge instead of a mortgage insurance premium if ti�is Security lnstnimenc is held by the Secretary, • .•. .
<br /> � • � � in a reasonable amount to be determined by the Secretary. Eacept for the moniWy charge by the Secretary. these • �
<br /> - ��• items are called"Escrow Items"and the sums paid to lxnder are called"Escrow Fuads." . ., ,
<br /> s I.ender may.at any time.collect and hold amounts for Fsctow Items in an aggegate amouat not to exceed the ;
<br />;-_ � ; �•�� ma�c9mwn amount that may be tequired for Borrower's escrow account under the Real Estate Setdement Procedures
<br /> . � Act of 1974. 12 U.S.C. Section 2601 et seq. and implemendng regula6ons, ?A CFR Part 3500, as they tnay be �
<br /> : � amended from time to tlme("RESPA").except that the cushion or reserve permitted by 1tBSPA for unanticipated ':� •.':., :
<br /> � disbursements or disbursements befom the Bonower's payments are available in the account may not be based on
<br /> � . � amounts dae for the mortgage insurance premium. ' . • �
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