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<br /> � grants and conveys to Trustee,in mut,with power of s�le,the following described property tocated in � . -
<br /> � Hal l County,State of Nebraska: I ' • _
<br /> � (SEE EXHIBIT 'A' ATTACHED) � ��
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<br /> J being the same properdy commonly known as: 1115 EdSt F7 fth StP@2t. Grand Isl and. NE 68801 � .
<br /> � ("Propetty Addiess"). <; . . -
<br /> ' . �.��:
<br /> 'd'OGE'�HER aiih all the improvemea�ts now or hereafter erected on the property,and all easements,rights. appurtenances ' _ � �::_';,'�`
<br /> and renrs,all of wlrich shall be deemed to be and remain a gart of tlx�pmperty covered by this Security Insavment. All of the ----`-'�-
<br /> foregoing,together with sach Pmperty (or tt:I�Sehold es[ate if this SeCUCity inctrnment jg pII S leasehold) aze Called[he ' ; ` '.� :��#`:l�—�.
<br /> '� • w��•n � ,.� ��� _.
<br /> Borrower covenants thaz��ower is lawfully seised of the estate hereby conveyed and has the right to mortgage, r:,�.-�.' : �
<br /> � graat and convey the Property, � that the Property is unencumbered, except for encumbrances of record. Borrower _ . `'�
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<br /> warrants and covenaats that Borrower will defend generally the title to the Property against all claims ars�!demands,subject to � ' _ I� -" `:;.t . -"
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<br /> eacumbrances of m,cord.Boaower further warrants,represents and covenan;s as follows: ' . . �'�� 1:
<br /> � 1. Pgymen4 of Btiur�pal and Interes4. Boaower shall F�mPUY PaY when due the principal a�d*".::terest indebtedness . . ,;:� ��•' >
<br /> and a99�:her charges evidenced by t�te Note. � � .
<br /> 2. F'aads for Taxes and L.�s��anoe.If required by Lender,and subject to applicable law,Borrower shall pay to i.ender ,
<br /> on the day monthly payraents are due under the Note,until the Note is paid in full,a sum('Funds")f�r. (a)yearly taxes and . • �r,' � '�E
<br /> assessments which may attain priori over this Securi Insirument as a lien on the Pro rty;(b)yearly?sasehold a ts or , � �`� �'� •
<br /> ty ry Pe P Y�n �'�:.. .'. `::a _..
<br /> ground rents on the Property,if anY:(a)Yearly hazard or property insnrance premiums;(d)Yearly fleocl:�+�,•a•,�premiums, �•.;,�.:,. >.;'-
<br /> if aay. and(e)Year1Y mortgage � ce premiwns.if any. These items are called "�s,..-ow Items.' L.ender may, a�any '.n•�,:`.
<br /> in �ran =�_ , . ,ti, ;
<br /> time,collect and hold Funds in an amonnt not to exceed the maaimum amount a lender fca a federall related mort e loan `•��
<br /> Y 8a8 ..t'•'�'�,:'.���',`• �
<br /> , �,,.,.,; -
<br /> may require for Borrower s escrow axonnc under the federal Real Estate Seulement Procedures Act of 1974,as amended&om • ,''.'�. ,-�
<br /> time W time, 12 U.S.C.Section 2601 et seq.("RESPA').unless another law that applies to the Funds seis a lesser amount. If �—
<br /> ; . so,Lender may,at any time,wllett aad hold Funds in an amount not to exceed the lesser amount. Lender may esttmate the • , - � � =?'''"
<br /> � ' amomr3 of Funds due on the bagis of c:urrent data and�casonable estimates of expenditures of future F�crow Items or othe�rise � �-� —"
<br /> in ace�:.�3ance with applicable law. �'� '. �:``;'=-e
<br />, The Funds shall be held in an iastituHon whose deposits are insured by a federal agency, insuamentality,or endty
<br /> (includin Lender,if I.ender ls such aa institution)or in an Federal Home Loan Bank. Lender shall� �i the Funds to . .' �`�
<br /> S Y �t Y PaY F�._
<br /> the Escrow ltems. L+ender may not charge Bonowet for holding and applying the Funds, annuallg��alyzing the escrow `"'�" �'���--
<br /> Eccwunt,or vedfyIng the Fscrow Items.unless I.ender pays Borrower interest on the Funds and applic�iz law permits I.end�r • °`��`�".���.
<br /> ccw ., �-;r;�..n..,
<br /> to make such a charge. However.I.ender may require Borrower to pay a on�time cbarge for an independenc real estaze taa :�� ._ �'-�-s•
<br /> � reporting service used by Lender in connection with this loan,unless applicable law provides otheiwise. Unless an agreement , �' �'" 'T�"
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<br /> is made or applicable law requires interest to be paid,l.ender shall not be requimd to pay Borrower any�.:.rest or eamings on �� . �::r_;��, ;',�"�
<br /> � the Fuads. Eomaca� �nd I.ender may agree in writing, however,that interest shall be paid on the F�. Lender shall give . �,,,:.:.._
<br /> to Bonca+er.wi�TMa�z charge,an annual accounting of the Fu�s,showing credits and debits to the Fulids and the purpose for . ' .;,.�r —=
<br /> whic��c�:�t to the Funds was made. The Funda are g?�.,d as addirional security for aU sums secured by this Seca�riry � �'°��-
<br /> InstcuWeat. ��
<br /> If the Funds held by Lender eaceed tL•e amounts peimltted w be held by applicable law, Leader shall account to ' � � � r' `
<br /> Bonower for the excess Funds in accordance ni.h the requirements of appllcab2e law. If the amoua¢of the Funds held by � � .�'.' _
<br /> Lendrr at any time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in wtiting, and, ln ' • =
<br /> such c�: Borrower shall pay to Lender the amount necessary to maYe up the deficiency. Borrower shall make up the � . ., �°.•
<br /> deficiezr/in no more than twelve monthly payments.at I.ender's sole disctetion. �
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<br /> NEBRASKA OEEO Q�F�UST�9�on Orig�nal - Record ' • � , _
<br /> Mao�-une 7ege 2 of 7 00�6320033 � • . • . � ".��
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