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<br /> .� of Dorrower's covenants and agreements under ihis Security Instrument and the Note. For this purp��sa f3urruwcr
<br /> �-~� irrevocably grunts and conveys to the Trustec, in trus�, with power of salc, the folluwin�dcscribcd property luc;ucd
<br /> in HALL ('uunty. Nchrask,i:
<br /> '�� LOT THREE (3), BLOCK ONE (1), BEL AIR ADDITION, AN ADDITION TO THE CITY Of
<br /> �, GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br /> � which has the address of 2536 W LNMAR STREET,GRAND ISLAND lscrc�c,c�ty�, --
<br /> " � Nebraska 68f303 IziPCoac� ("Property Address");
<br /> `�` . TOGETHER WITH all t�e improvements no�v or herea8er erected on the praperty, and sul casements, �_
<br /> appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be �1���
<br /> covered by thls Security Instrument.All of t6e foregoing is refened to in this Security Instrument as the "Property." �I`�
<br /> ;�,�•,,._• _
<br /> -. - •R•` BORROWER COVENANTS that Borrower is lawfully seized of the estAte hereby conveyed and has the right to =
<br />°_ :��_,�:,.�� pra,�,r���nyPy rhr pr�nPrty and that the Proa�erty is unenewnUered, exccat for encwnbrances of record. Borrower -
<br />-_ "�' `. war�anu and will defend generalty the tide to the Property against all claims and demaaids, sub.ject io ,m�
<br /> , encumbrances of record. �
<br /> _ '.,�;._,, ' � THIS SECURITY INSTRUMENT eombines uniform covenants for national use and nun-uniform cu��rnani,
<br /> ,i��'��}•� with limited vaziations by jurisdiction to constituce a uniform securi[y instrument covering i�cal propeny.
<br /> ».�^�;;'�3'� , • Bonower and Lender covenant and agree as follows:
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<br /> -_ -- ZJNIFORM COVENANTS.
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<br /> ��T=��"�. ; 1. Payuient oP Princjpal, Lrterest and Lute Charge. Borrower shall pay when duc the principal of, and
<br />__„�;�r���"�<', interest on,the debt evideace,sl by the Note and la�e charges due under the Note.
<br /> , 2. Monthly Pnyment oP Tnxes, Insurance end Other Charges. Borrower shall include in each monthly
<br /> ` __ _ payment,together with the principal and i�iterest as set focth in the Note and any late charges,a sum for(a)taxes nnd
<br /> -____ ': special assessmenta levied or to bc levied against the Property. (b) le�sehold payments or ground rents on the _
<br /> = � Property, and(c)premiums for insurance requirecl under pazagraph 4. In any year in which the Lender must pay a —
<br /> raortgage insurance premium to the 5ecretary 4f I�ousing and Urban llevelopment ("Secretary"), or in any year in
<br /> ---j�..� which such premium would have been required if I.ender still held the Secudty[nstrument, each monthly payment
<br /> _.��_.:-- sh�ll also include either: (i) a sum for the annual mottgage insurance pretnium to be paid by Lender to the 5ecretary, -
<br /> -- . ar(ti)a monthly charge instead of n mortgage insurance premium if this Security Insuument is held by the Secretary,
<br /> ._,.._,_.._ in a reasonable amount to be detemvned by t2�e Secretary. Except for tlie monthly charge by the Secretary, tl�ese f
<br /> items are callcd'Bscrow Items" and the surns paid to Lender are called"Escrow Funds."
<br /> _, Lender may, at any time,collect and hold amounts for Escrow Items in an aggregate amount not to exceed thc �
<br /> - - maximum amnunt that may be requ[red for Borrower's escrow account under the Real Estate Settlemenc Procedures �
<br /> --= Act of 1974, 12 U.S.C, Section 2G01 et seq. and implementing regulations, 24 CFR P�ul 3500, as they may be
<br /> �-�"""� amended from time to time ('RESPA'), exce��that the cushion or reserve p�rmitted by RESPA for unanticipated —
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<br /> '�:��u.i�� disbursements or disbursements bcforc the Borrowcr's paymen[s nre available in the account may out I�u I�a,ud un _-;
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<br /> ;.:;.'�;� amounts due for the mortga�e insurancc premium. �_.
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