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<br />`-� • � of Borrower's covenants and agreements under this Sectulty Instrument and the Note. For this purpose, Borrower .
<br />`• ' ` � irrevocably graats aud conveys to We Ttustee,in trust,with power of sale.the foAowing descn'bed property located �..' „;� ... �
<br /> in HAtL County.Nebraska: . � ,
<br /> - . `. + LOT THIRTY FIUE (35), htOLFE'S SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL . __ -• �
<br /> '� � COUNTY, NEBRASKA.
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<br /> . �F; which I�the address of 539 JOHNSON DRIVE,GRAND ISLAND tscreu,ciyl. ,�.�;:��_
<br /> �" � hc''braska 68803 Cz�
<br /> t;�ae) (°Property Address'); ,: f:`4
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<br /> �_ . . TOGETHER WITH all the impmvemeats now or beceafter erected on the property, and all easements, .^. ,� -,`' °-=
<br /> 't ' . � aPPurtenancrs and fixtuces aow or hereafter a part of the ProPert�+. All replacements and addipons shall also be - ` •�.�.�;�,
<br /> '. � �'.� cove�ed by this Security Insm�ment.All of the foregoiag is referred w in this Security Instmment as the"Property.' : �' .:_�.,
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<br /> ';' ' ..,:...�'� ;: : BORROWER COVENAN[�that Borrower is lawbilly seized of the estate hereby oonvcyed and bas the ri�:to • s',��1��'=
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<br /> . graat and camey the Property�d that the Property is unencumbeced,eacept for encambrances of�ard.Borrower ' ,� �!.,F�o r'�.�
<br /> . ' '-� � warrants and vin'll defend generally the utle to the Property against all claims and demaads.. snbject to any ��" "' `:�.�'r ,..,—-
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<br /> encumbrances of re�ord. . ••'..`•<,
<br /> '!�' ' � THIS SECURTTY INSTRUMENT combines uaiform covenants far national use and non-uaiform covenants . ,` '`;�_
<br /> with limited wartations hy jurisdIction to consriwte a nniforn�security insnvment vovering real property. , .:;��-
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<br />-~ • � � $ormwer and Lender covenant and agreP as follows: '. �
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<br /> . .. . � UNIFORM COVENANTS. • . " °���.
<br /> ' ' 1. Poyment of Prindpal, Interest and Late Cha�e. Bonower shall pay when due the priacipal of, and ;�j�",
<br /> -- - - �_- -' - interes[on,the debt evidenad by the Nate and Iate charges due uader the Note. - ,- -=---'-==
<br /> 2. Mont6ly P�ayenent of Taxes, Insuraace and Uther CAarges. Eorrower shali include in each monthly • '°:
<br />_�`'i � � payment,together witb th�principal aad lateress as set foith in the Notc and any late charges.a sum for(a)tues and . , '_-
<br /> � ., special assessments levied or to be levied agains�t the Property. (b) leasehold payments or gruund renu on the . ;:,..,-=z�
<br /> , 1 ��P�Y•and(c)Premiums for insu:ance reqnired uader paragraph 4. ln any year in�which the l.ender mnst pay a . •
<br /> - mortgage insurance p:emium to the Secretary of Housing and Urban Uevelopment('Secretary°),or in any year in r .. . -
<br /> ' �" '`.� : whlch such premium would have been requlred if Lender still hetd the Se�urity lnstlument. each monttily payment . . • �_-
<br /> �' ! s h a l l a t so i n c lu de e i t her:(i)a su m f o r t h e a�u a l m o rt g a g e i n s u r a u c c premium to be paid b y Lender to the Secre t a ry. •.,;'
<br /> ' , . � or(ii)a montIIIy charge instead of a moagage insurance premium if this Security Instrument is held by ihe Secretary. . ..
<br /> . � in a reasoaable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these ,
<br /> , � ,• .:i � items are called"Escrow Items"and the sums paid to Lender arc called"Escrow Funds." �
<br /> • Lender may. at any time,coliect and hold amounts for Escrow Items in an aggregate amount not to exceed the . ,
<br /> ' � ma�cimum amount that may be recryired for Borrower's escmw account under the Real Estate Settlement Proceduns , . . .-.
<br /> ' { Act of 1974. 12 U.S.C. Sectioa 2601 et seq. and implementing regulaGoru. 24 CPR part 3500. as they may be �
<br /> �.�1 - � . .
<br /> amended from time [o tlme("RESFA"), except that the cushion or reser:�e �rrmitted by RESPA far unanricipated
<br /> � 'i disbursemenu or disbnrsements before the Borrower's payments aze available in the account may noi be based on .
<br /> � amounts due for the martgage insurance premlum. ' �
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