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<br /> of Borrower's covenants and agreements nnder tLis Securiry Instr�ment and ihe Note. Fo �purpose. Borraw�r
<br /> � � �- • irrevocably grants and conveys to[he Tnistee,in trust,with power of sate,[he following descn'bed pmperry located _
<br /> �- ` ; in Hal l counry,Nebraska: -- -.-__ .-.
<br /> - - :._:�..
<br /> •� � Lot Eight (8), in Block Four (4), in Claussen Country View Addition to the City - -� .
<br /> , � 'j of Grand Island, Hall County, Nebrastca, excepting therefrom that part thereof � ;
<br /> t ' conveyed to the City of Grand Island, Nebraska, by Warranty Qeed recorded in _�z, � ._
<br /> . � :,. j Book 96, at Page 625 of the Deed Records of Hall County, Nebraska. _ -
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<br /> . whict�has a�e aderess of930 Cl aussen Avenue,6rand Isl and �`-`�.�'_
<br /> � tsa�u.ci�l, r ;`- .-
<br /> Code "Pro Address"); ���
<br /> Nebraska 68801 [� I ( P�Y '�:��.�T
<br /> . � .� 1' TOGETHER WTTH all the improvements aow or hereaftez erected on the property, and all easemeats, '� --_
<br /> ' appurtenances and futures now or hereaftes a part of the property. A11 re�lacemenu and addidons shall also be �=
<br /> . V; � covered by this Securi ry Insuument.All of the foregoing is refeaed to in this Security Instrivaent as the"Property.' , '�• °:'�=_
<br /> � �.`.�
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<br /> j ' SORROWER COYENANTS that Borrower is lawfully seized of the estate hereby oonveyed and has the right to '"' .s�.a� .
<br /> . . .. ...a. � . -f..r.�..�_sw.�vr_
<br /> . grant and convey the Praperty and that the Property is unencambered,except for encumbrances of record. Borrower � ��a_
<br /> y., .�,,.,.
<br /> , warrants and w�l dcfend generaUy the title to the Property a,g�t all claims and demands, subject to aay _��
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<br /> ' :.�;: � encumbraaces of record. ,�. ,��
<br /> r� ' � :=—
<br /> � `•� THIS SECURITY INSTRUMENT combines uniform covenants for national use aad non-uniform covenanu ::r.. . :;_—
<br />,�. � . .�, ,
<br />_ • with limited variadons by jurisdiaron to constitute a uniform sQCUrity insmiment covering real pmperty. � `�-�
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<br /> , Boaower and Lender covenant and agree as follows: .�.-�T°
<br /> .�� � � . UIVIFORM COVENANTS. �;�;` �?:y-
<br /> -,�,::
<br />� ' �� 1. Payment of Priactpal, Interest and Late Cha�e. Bom�wer sha11 pay when due the principal of, aad "`���=_
<br /> - interest on,the debt evidenced by the Note and late charges due under the Note. . ���''��-
<br /> � ` 2. Mo�6Iy Paymeat of Taxes, In.s�aace and Other Charges. Borrower shall include in each monthly `�`'�"��°
<br /> :�( : :.�_�:_
<br /> . � payment,together with the principal and interes[as set forth in the Note and any late charges.a sum for(a)taxes and � �;�__
<br /> special assessments levied or to be levied against tbe Pcoperty. (b) leasehold payments or grouad rents on the , , '°=-
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<br />. . Property.and(c)premiums for insuraace required under paragaph 4. In any year in which the Lender must pay a : ,,�
<br /> . �.� mortgage insurance premium to the Secretary of Housing and Urban Development("Secretary"),or in any yeaz in '. �'#�:_
<br /> ' � whicb such premium would have been required if I.ender stiU held the Security instrument, each moathly payment � � -.-=
<br /> '.t ' ' shall also include either: (i)a sum for the annual mortgage insurance premium w be paid by l.ender to the Secretary, —'" . . � .
<br /> or(ii)a monthly charge instead of a mortgage insurance premium if this Security Insttument is held by the Secretary, �.�u . .
<br /> �. • � � in a reasonabte azno�wt to be detemiined by the 5ecretary. Except for the montlily chazge by the Secretary, these �. .
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<br /> ,� ) iterns aze called "Escrow Items"and the sutns paid to Lender aze called"Escrow Funds." '� _
<br /> , . 1 Lender may,at any time,collect and hold amounts for Escrow Items in an aggregate araount not to exceed the . . . •
<br /> � . ., � maaimum amount that may be required for Borrower's escrow account�nder the Real Estate Sealement Procedures . . .
<br /> . ;� Act of I974. 12 U.S.C. Section 260I et seq. and implementing regularions. ?A CFR Part 3500, as they may L`e
<br /> amended from time to time("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated
<br /> . � disbursements or disbursemenu before the Borrower's payments are available in the account tnay not be based on _ •
<br /> � . amounts due for the mortgage insurance premium.
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