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<br /> - - of Borrower's covenants agd�ments under this Security Insorament and the Note. For this purpase. Eorrower '� ��,, ,
<br />_ , ` -. -'`-"`'�; ir�rocabiy gants aad com-eys to the Trnstee,in tnut,with power of sale, the following described progerty tocated - _- - --
<br /> . �� . m Ndl l Cotmty,Nehraska: . .
<br /> � � - Lot Fifteen (15?, in Buenavista Subdivision, an Additian to the City of Grand �� ' �4 ��
<br /> �� � � �. - Island, Hall County, Nebraska. . ��� `
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<br /> � " � �;Y�� wtucb has t�e addnss of 416 E. Dodqe,Grand Isl and tsuee�,et�y�, ` ' - `��:-
<br /> � • - Nebraska 68801 lZ�v��l ("�pertY���7; �``:-`.� "--
<br /> - . TOGETHER WITH all the unprovemenu now or flercafter erected on the pmperty, aad all easements, "." �� �-
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<br /> .` � urtenances and fixtnres now or hereafter a art of the AU lacements aad additions shall also be !+�.�'.=j+.
<br /> , • . aPP P P�P�Y• �P ^�---
<br /> t-- ..� . oovered by this Sewrity Insaumeat.AU of th�foregoing is referred to in�his Securiry Iasuument as the'Pr�operty.' .::.-�-�-��-
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<br /> •• � ' BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby wnveyed and has the right to " --=-`
<br />. , , gnnt and convey the Properiy and that the Property is wteacnmbered,eacept for enc�mbraaces of cecord.Bo:rower . °:�-
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<br /> • .. . w�arrants aad will defend generaliy the tide to the �roperty against all claims and demands. subject to �y � . .;,.r�.
<br /> - � • ' �cumbrances of record. ';,
<br /> THIS SECURTPY INSTRUMENT combines uniform wvenants for national use and non-uniform wvenanta • -=�:`�-
<br /> . "�•:�.:ry�
<br /> • � ' w�itb limittd variations by jurlsdictian to wnstitute a uniform securiry instrument covering real pmperty. •: �;.��r-:
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<br /> •• . , �.�� Borrower and Lender covenant and agree as follows: . . �•�-
<br /> �; ��:_���:
<br /> . UNIFORM COVENANTS. ��'�
<br /> � . T;r
<br /> � . �"; l. Pa�eat of Principal, Inter�t aad Late Charge. Borrower shall pay whea due th�principal of. and ���=:-
<br /> , :' interest on,ttie debt evidenced by the Note and late charges due under the Note. ' °'';
<br /> ' � 2. Monthly Yayment of Texes, Insarance and Other Chaigee. Borrower sLall include tn each monthly • �:��'
<br />:'•�_ • '� � � r payment,together with the princIpal and interest as set fc�h in the Note aad aay late charges,a sum for(a)taues and � -
<br />`;::.� '. � :'-; special assessments levied or to be levied against We Froperry. (b) leasehold payments or ground rents on the . . .. :. .'�
<br /> ": _ �. Property.aad(c>Premiums for insivance r red uader ara h 4. In - -. —
<br /> equi p grap any year ia which the ixnder must pay a
<br /> " � . ' `;�,.` mortgage insurance premium to the Secretary of Housing and Urbaa Development("Secretary').or in arry year 9n . =-
<br /> �. ' � which such premium would have been required if Lender still held the Secvrity Instnunent,each monthly payment , • .
<br /> � , shall also include either: (i)a sum for the annual mortgage iaswance premium to be paid by Lender to the Secretary,
<br /> ''.. . � • or(ii)a monthly charge instead of a mortgage insurance premium if this Security lnstrument is he2d by the Secretary, ,�
<br /> � in a reasonable amount to be detem�ined by the Secretary. Except for the monthty cAarge by the Stcretary,these . � _
<br /> . � items are called"Escrow Items"and the sums paid to Lender are called°&crow Funds.° .: �
<br /> ` � � I.ender may.at any Hme,collect and hold amou:u for Escrow Items in an aggregate amount not to eaceed the .
<br /> �. �' � maaimum amount that may be required for Boaower's escrow acrouat under the Real Estate Setttement Procedures " : • :
<br /> Act of 1974. 12 U.5.C. Section 2601 et seq. and implemenar.g regulations. 24 CFR Part 35a�, as they raay be � " �
<br /> .' �� ' amended from time to time ("RESPA"). eacept that the cushion or reserve permitted by RESPA for unanticipated ` •� � .: '.
<br /> � ., • � disbursements or disbursemenu before the Borrower's payments are availablo in the accoant may not be based on • . �
<br /> . • amounts due for the mortgage insurance premium. '
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