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<br /> r:( . • �� of Bornuwer's covenants and agreements under tbis Securiry Insmiment and the Note. For this purpose. Borrower � `�;�.
<br /> '- —.-_- irre�rocabty grants and conv�ys ro the Tmstee,in mjst,�vvith power of saIe.the falloariag desc�fbed pmgerty located -- � �-`,_-`_�---.--'
<br />- � . �� in Ffal l Cou�uY.Nebraska: . `,� ... , �
<br /> ' : . ` �.,� Lot Four (4), in Block Five (5j, Gilbert's Second Addition to the City of Grand . ° "`
<br /> ;-� Island, Hall County, Nebraska. - �
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<br /> _ � ���. � which has the address of 817 West 16th Street,6rand Isl and [soce�,cayl, :..h ' "_ _-
<br /> `:'-. `.. ; Nebraska b8801 [z�p��1 (•propercy aaclress'); . _�
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<br /> � ., TOGEI'HER W1TH all the improvements now or hemafter erected on the property, and ali easements, �,,�Y;,,,
<br /> , agPurtenances aa� fuaucs now or hereafter a part of [he progerry. All replacements and additions shall aLso be ° - V •.•---�
<br /> _- . , - _'.; covered by this Security Insaumeut.All of the foregoing is referred so in this Secvtity Iusanment as We"ProP�Y•� - - - =' --
<br /> . , � BORROWER COVENANTS that Borrower is lawfulty seized of the estate hereby conveyed and has the right w ` _
<br /> _ . . . , � grant and convey the Property and that the Pcnperry is anencumbezed,except for encumhsanoes of record.Bomower �-_-
<br /> - wairanss and wiU defend generally the tide to the Pmperty agaiast ail claims and demands, subjea to azry � ` .�-___
<br /> : ; ,-.. �`{ eacumbrances of recosd. ... '.. 1`V�-
<br /> „i THIS SECURTTY INSTRUMENT combines uniform covenants for natIonal use and non-uniform covenants ' ;���;..
<br /> ,, r. ; with!imited variations by jurisdiction to constitute a uniform security insrrument wvering real property. ..;:-i�'°'
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<br /> : �%::�: Borrower and Le�tder covenaat and a�ree as follows: • -
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<br /> �._.��� LJNIFORM C0IIENANTS. •
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<br /> "'�'�� 1. Pgyment of Priactpal, Interest and I.ate Cha�ge. Boaower shall pay when due the princIpal of, and y-' ,
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<br /> intere.gt on,the debt evidensed by the Not�and late charges due under the Note. • . :�
<br /> � Z. Monthly Playment vY Taxes, Insurance and Other Chargc9. Boaowes shall incIude in each monthly � . �.� �-
<br /> ' � ' payment,together with the principal and interest as set forth in the Note and any late chazges.a surn for(a)taxes and � ' .�' ;;�.,
<br /> . � special assessments levied or to be Ievied against the Property, (b) leasehold payments or grouad reuts on the
<br /> -�' � ' � Property,and(c)Premiums for insurance required under paragraph 4. ln any year in wbich the Lender must pay a : -- ..,=�
<br />_ � � ' . ;��' mortgage insurance premium to the Secretary of Housing and Urban Development("Secreta.�y").or in any year in . � -
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<br /> S wluch such premium woutd have been required if Lender stiU held the Securiry Insuument,each monthiy payment � •.
<br /> � shall alsa inctude either:(i)a sum for the annual mortgage insurance premium to be paid by Lender to the Sect+etary, •
<br /> ± �•' • � or(ii)a monihly chazge instead of a mortgage insurance premium if this Security Insuument is held by the Secretary. • '' � .
<br /> � � in a reasonabie amount to be determined by the Secretary. Except for the monthly charge by the Secretary. these �
<br /> � .. • �: - • ;.:��. items are called"Escrow Items"aad the sums paid to Lender are cz?2ed'Escrow Funds." ' : .
<br /> �� • Lender may. at any time.collect and hold amounts far Escsow Items in an aggregate�ount not to exceed the .
<br /> "�.` ma�cunum aznount[hat may be required for Borrow�r's escrow account under the Real Fstate Settlement Procedures ,
<br /> -': `;:;�. Act of 1974, 12 U.S.C. Section 2601 e1 seq. ar.d implementing regulations, 24 CFR Part 3500, as tLey rnay be . •,
<br />:- �4 � ameaded from time ro time("RESPA"), except that the cushion or reserve permitted by RFSPA for u�anticipated •
<br /> . .• ���_.•� disbursements or disbursements befca e the$orrower's paymencs are available in the acco;cct may not be based on �
<br /> atnounts due for the mortgage insw�:.ce premium.
<br /> .,ti. . � �'�4RINE�1960a1.Ot vaeo 2 0►8 Iroua�� ' . •
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