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<br />_:., of Borrower's covenanu and agr�ments under this Securiry Instrument and the Not�For this purpose. Horrower � � � ,..��
<br /> � irrevocably grants and wnveys[o th.e Trustee, in trnsc,with power of sale, the foltowing described property tflcated ; - - • � .- ---
<br /> � in HALL Counry. Nebraskaa � ` "''�`
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<br /> LOT TWO (2), IN BLOCK ONE (1), PACKER AND BARR'S ADDITION TO THE CITY OF ,�:.
<br /> _� GRAND ISLAND, HALL COUNTY, NEBRASKA. � � ' �.--
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<br /> Rhich has t6e asi�ress of 5�l� N BROAOWELL AVENUE,GRAPID ISLAND � _ - �."•- - �...
<br /> Nebraska NE 6�803 [zipcoael ("Property Address"); • •'.`•.� �-�-�-��'°."�"°"�
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<br /> TOGETF�'R WTfH all the improvements now or hereafter erected on the m and all easemenu, �-�=�
<br /> �� appurcenances and fixtures now or hereafter a part of the properry. All replacements and additions shaU also be � ' , —_
<br /> cavered by this Security Insciument. All of the foregoing is refened to in this Security[nsuumeat a�the"ProF�atti-" ..
<br /> ��. `�
<br /> BORROWER COVENAIVTS that Borrower is law`'�aaliy seized of the estate hereby conveyed and has the rnght to , , '.-;;;� ; � `:
<br /> grant and convey the Propeay and that the Properry is unencumbered,except for eucumbrances of record.Borrower .� °�:c.�., �� '.;� .' .�
<br /> wamaats and will defend generally [he [iue to the Property against all claims and demands, subject to any � � . `.�+ .v
<br /> � ercumbrances of record. ' '� �.y• �., --
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<br /> THIS SECURITY I1vSTRUMENT combines uniform covenants for naaonal use and aon-uniform covena�u ;.1•;;.: � '.i� �°
<br /> with limited variations by jurisdiction to constitute a uniform security insuument covering real property. . :_� :r;s; � .F:
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<br /> Borrower and Lender covcnant and agree as follows: ' � � `;: �'
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<br /> UMFORM COVENANTS. -�;� ,� �4 .' --
<br /> A� � :�
<br /> 1. Peyment of Princlpal, Yn3emst and Late C�ge. Bosower shall pay when due the principal of, and `��„"�"'.`' �
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<br /> interest on,the debt evidenr.ed by the Note and late charges due under the Note. . �.�..,�
<br /> � ;�. •.
<br /> � Z. Montlily Payment of Taxes, Insurance amd Other C6arge9. Borrower shall include in each monthly _;_ � • �.. :a�.,-�
<br /> �' ._�'�. .
<br /> payment,together with the principal and interest as set forth in the Note and any late chazges.a suza for(a)taaes and � �_, �. i�_
<br /> special assessments levied o� to be levied against the Properry, (b) leasehold payments or ground renu on the .� � :_,:
<br /> � Property, and(c)premiums for insurance tequired undes paragraph 4. In any year in which the Lender must gay a ; :'��„
<br /> mortgage insurance premium to the Secretary of Housing and Urban Development("Secretary'), or in any year in , . � • __•'�
<br /> . which such premium would have been r uired if Lender still held the Securiry In4tr�ment,each montWy payment ' '" � "_' ' _��
<br /> W . .::a� �,.,.-,
<br /> � shall also inctude either. (i)a sum for the annnal mortgage insurance premium to be paid by Lender to the Secretary, ,� .�, �__
<br /> or u)a monthl charge instead of a mortgage insurance F:emium if this Secnriry I n strument is he l d by t he Se�r�a ry, . _. f�``
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<br /> ' in a reasonable amount to be determined by the Secrea�sy. Except for the monthiy charge by the Secretary,cuESe -_'_�_
<br /> items are called"Escrow Items"and the sums paid to Lender are called'Escrow Funds." �'�'�` '• •
<br /> I Lender may.at any tune.collect aud hc�ld amounts for Escrow Items in an aggregate amount not to exceed the . , : � `���Ir.,-; —
<br /> J maximum amount that may be required for Borrower's escrow account under the Real Estate Seitlement Procedures
<br /> � � A:t of 1974. IZ ll.S.C. Sec[ion 2601 et seq. and i��lementing regulations. 24 CFR Part 3500, as they may be : . r
<br /> a�ended from time to tia,.("RESPA"), except that tp:�cushion or reserve pennitted by RESPA for unanricipated
<br /> dsbursements or disburse�enu bafore the Borrower's payments aze available in the account may not be based on : .
<br /> amounu due fos the mortgage insurance premium. : ,
<br /> �4RINE)�ssoa� Paya Y of 8 Mnuts� ' • � • . �.
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