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<br /> ;;� of Bonower's coveaants and agreements under this Seauiry Tnsuume°t and the Note. For this putpose. Borrower , .
<br /> f r '�_•` irrevacably grants and conveys to the Tnutee,in uust.with power of sale,the following described properry located F •.r -
<br /> ' � , �� Hal l Couaty.Nebraska:
<br /> `� Lot One (1), Block Thirty-Eight (38), Russel Wfieeler's Addition to the City of , ,
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<br /> ;� = `. � 6rand Island, Hall County, Nebraska. . .
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<br /> �, ' �e aae�s of 1122 N. Oak Street,Grand Isl artd �S�.�`ry'1, �t' ,i. ;,"'�--'
<br /> �,:' . �' which t�as fzepcoae) ('Property Address'�; = .�
<br /> . . - Nebraska 68801 . �.�
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<br /> TOGETHER Wfl'H all the im�mvements now or hereafter eruxed on the praperty+, and aU easements, - n-_P=
<br /> ;:I` " urtenances and fixtures now or he�eafcer a part of the prnperty. AU replacem�ts and additions shall also be � - `. —
<br /> � in this Seciuiry Insavment as the'PropenY-' , �'.�,'��
<br />'�-:' . . ,'• covered by this Securiry Insuument.AU of the foregoing is referred to e ui _ .��-
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<br /> .' . •: BORItOWER COVENANTS that Borrower is lawfiilly seiaed of the estate herehY canveY�aud has the right to _.. ,�,
<br /> . , . . grant and wnvey the Property and that the PropertS+is unencumbered,except for encumbrances of record. Borrower .� _a��
<br /> . . _ warr�ts aad w�l defend generalIy the title to the ProPertY againsc all claims and demands, subject to �y �-
<br />. . �, ; a�
<br /> � ' . eaaunbrances of Iecord. l�'r
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<br /> k. :. ` . .. THIS SECURITY Ih�TRUMENT combines uaiform coveaanu for nadonal use and non-uniform covenants • •` .-,,�!
<br /> . , . • with limited variattons by j�isdiaioa to wnstimte a uniform securiry insuument wvering real prnpertY• ;�,.�' :_��--
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<br /> s_�,... - BorroNer•and Ixnder covenant and agree as follows:
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<br /> � ,. _. �. ---....._� UMFORM COVENANTS. - -
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<br /> � ' 1. payment of Pr�ndpal. Interest and Late C�arge. Borrower shall pay when due the principal of, aad �
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<br /> � : � : interest on,the debt evidenced by the Note and late charges due under the Note. .: ;�:�._
<br /> , ,. . . 2. MoathlY PaYment of Taxes. Insw�ancc and Qther Charges. Borrower shall include in each monthlY ,. `. ar.:`
<br /> ��:� ' Payment.together arith the prinrpal and interest as set forth in the Note and any late chazges.a sum for(a)taRes and �,. ; • :�__
<br /> -- ' • . , special assessments levied or to be levied agaiast the Property, (b) leasehotd payments or gound cenu on the �•.t•• � �_
<br /> ;�,T;�;,; , -
<br /> ': :. . • 7f,. and(c)Plemiums for insurance required�der paragraph 4. In any year in which the Lender masc paY a ;':�;t;,;;•:�. ` °-�-
<br />�;:_ . . si0�.ms e w : .,V.�,. .::r.
<br /> mortgage insarance prem�wn to the Secretary of Housing and Urban Developmeat( Secretary ).or ir►anY 5��
<br /> �;` - � � � which such premium would have been re9uired if Lender still held the Security lnstrument•each montFily payment �`
<br /> ` .•�- shall also include either: (i)a swn for the annual rr.ortgage insurance premium to be paid by Lender to the Secretary, �,.:�� �:�•��_
<br /> r. ,.� • or(ii)a moathly charge instead of a mortgage insu-�nce premium if this Security Insuument is held by the Secretary. . -
<br /> ' � in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Serretary,these . •
<br /> � items are called'Fscrow Items"and the sums paid to Lender are calied"Escmw Funds." '� ' � ...
<br /> - : Len�may,at any time.collect and hold amounts for Escrow Items in an aggregate amount not to exceed the ..
<br /> • ' � maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procednres
<br /> Act of 19T4, 12 U.5.C. Section 2601 e�seq. and implementing regulations. 24 CPR Patt 350U, as they rr�y be .
<br /> ; � . . amended from time to��e("�fo e the Borrower s paymencs azerava abl�e in the�acco�may not be based on , � .
<br /> ' . disbursemenu or disbursements be ..
<br /> � � amounts due for the mortgage insurance premium. . • .•r ..
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