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201108354
<br />This debt is evideaced by Bonower's note dated the same date as this Security Instr�ment ("Note"), which
<br />provides for monthly payments, with the fu11 debt, if not paid earlier, due and payable on November Ol , 2041
<br />• T1us Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with inte�rest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance
<br />of Borrower' s covenants and agreements uncier this Security Instrument and the Note. For this purpose, Borrower
<br />irtevocably grants and conveys to the Trustee, in trust, with power of sate, the following described propeity located
<br />in Hall
<br />Coutrty, Nebraska:
<br />LOT 'P�EN'P7C ONE (21) , IN PO'��.�iI3 SUBDIVISION, IN THE CITY OF GRAND I3LAND, HALL
<br />COUNTY, NEBItASRA,
<br />Parcel ID Number: 400159449
<br />which has the address of 4042 Roth Road [Screet]
<br />Gzar►d Island [ci�y�, Nebraska 68803 [Zip Code] ( "Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easennents,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by tlus Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Properiy."
<br />Borrower undetstands and agrees that MERS holds only legal title to the interests granted by Borrower in this
<br />Security instrun+�+t; but, if necessary to comply witli law or custom, MERS, (as nominee for Lender and Lender' s
<br />snccessors and assigns), has the right: to earercise any or all of those interests, including, but not limited to, the right
<br />to foreclase and sell the Properly; and to take any action required of Lender including, but not limite� to, releasing or
<br />canceling this Security Instrument.
<br />BORROWER COVENANTS that Bonower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of r�;ord. Borrower
<br />warrants and �xnll defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Paymeat of Princ4pal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum for (a) ta�ces and
<br />specral assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />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 5ecretary of Housing and Urban Development ('°Secretary"), or in any year in
<br />which such premium would have been requireri if Lender stilt held the Security Instrument, each monthly payment
<br />sha11 also incluae either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary,
<br />or (ii) a tt�nthly chazge instead of a mortgage insurance premium if this Security Instrument is held by the 5ecc'etazy,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items aze called'Bscrow Items" and the sums paid to Lender aze called'Bscrow Funds."
<br />2200169888 �/� D V4NNE
<br />Initi • �-J .
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