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<br /> "' , of Bo�7owcr's cov�nnnts ancl �grcemcnts undcr thia Sccurity Instnimcnt nnd thc Notc, For thie pumosc, porrowcr `-
<br /> � incvocably grsuns fu�J cunveys lo tiic Trustcc, in trus�, �vith po�ver of snlc, thc foUowing descrihcd property locatcd »
<br /> � ►n HALL Cuunry,Ncbrnskn: ., ,
<br /> • '`��� LOT 9, BLOCK 1, SECOND p10DITI0N TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, .
<br /> ��? � CITY OF GRANO ISLAND, NALL COUNTY, NEBRASKA. ,
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<br /> � which has the address of 2223 BRAHMA STREET,GRAND ISLAND [s�ree�,c�cyl, `��'����
<br /> � ��'"'`�-- -
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<br /> Nebraska 68801 Izip codc) ("Property Address"); . , __
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<br /> „� TOGETHER WITH all the improvements now or hereafter erected on the propercy, and all easements, _ -
<br /> appurteaances and fiatures now or hereafter a part of the property. All replacemeats and additions shall also be `�'' T-����
<br /> covered by this Security Instrument.All of the foregoing is referred to in this Security Instrument as the "Property." _��'���f,
<br /> � BORROWER COVENAD'TS that Bonower is lawfully seized of the estate hereby wnveyed and has the dght to �~' y� � �
<br /> '�� grant and wnvey the Property and that the Property is unencurnbered, except for encumbrances of record. Borrower �
<br /> � warrants and will defend generally the title to the Properry against all claims and demands, subject to any .�+
<br /> '': encumbrances of record.
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<br /> � THIS SECURITY INSTRUMENT wmbines aniform covenants for national use and non-uniform covenants
<br /> with limited varlations by jurisdiction to constitute a uniform securiry instrument wvering real properry. ; y .'�
<br /> . Borcower and Lender coveaant and agree as follows: �`h� —
<br /> . .'t� UNIFORM COVENANTS. i '
<br /> � 1. Peyment of Principul, Interest aad Late Charge. Bonower shalt pay when clue the principal of, and S-''"
<br /> ,/ interest on,the debt evideaced by the Note and late charges due under the Note.
<br />" 2. Monthly Payment ot Taxes, Insurance end Other Charges. Bonower shall include in each monWly _ __ _
<br />_.,.�,. ,� :,, paymeat, togedier with the principal and interest as set forth in the Note and any late charges,a sum for(a)taxes and
<br />=:�,�r�••t ✓ special assessments levied or to be levied agaiast the Property, (b) leasehold payments or ground rents on the
<br /> y�;':;�-;��� Property, and(c)premiums for insurance required under paragraph 4. In any year in which the Lender must pay a —
<br />-'��=�- • mortgage insurance premium to the Secretary of Honsing and Urban Development ("Secretary"), or in any year in
<br />- i T:�-�,:
<br /> - �'..� which such premium would have been required if l.ender still held the Security In,truwent, cach monthly payment �,.
<br /> shall also include either:(i)a sum for the annual mortgage insurance premiura to be paid by Leader to the Secretary,
<br /> '�` .°����' or(ii)a monthl char e instead of a mort a e insurance remium if this Security Instrument!s held by the Seentacy,
<br />;�`�;,,,-:,� y g g 8 P �..,�_._._.,...��.
<br />=-:..�,1.,:..�t in a reasonable a�►ount to be determined by thz Secr.°.tary. Ezcept for the monthly charge by tlie�ecretary. these _
<br />�'�`�`''�°" items are called"Escrow Items'and the sums paid to I.ender aze called'Escrow Funds." - -� --- —
<br />, '"'•'�r-''� Lender may, at any time,collect and hold amounts for Escrow Items in an aggregate amount not to exceed the ^-
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<br /> --`;�:�`- max imum amoun t t ha t ma y b e r e q u i r e d for Bottower's escrow account under the Real Estate SetYlement Procedures __
<br /> 4�=�;,�..,'.�_,_';.� Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations, 24 CFR Part 3500, as they may be =
<br /> amended from time to time ('RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated _ __
<br /> � '����• t�� disbursements or disbursements before the Bonower's payments aze available in the account may not be based on �'` _�_�-
<br />.�' amounts due for the mortgage insurance premium. ���`-�— ,.
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