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<br /> ' � _-- - of Borrower's coveuanu and agteemenu under this Secauity I�nsaume�t and the Note. For this purpose,Bormwer -
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<br /> . irrevocably grants and comreys[o the Tnutee,in tmst,with Fower of sale.t�e foitowing de.RCn����
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<br /> �`���� Lot Eleven (21), in Block Twn (2j, in Normandy Estates, an Addition to the City ; - T�_ ,
<br /> � � of Grand Isl and, tlal l Caunty, Nebraska.
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<br /> ;•�,� • � --- w�icb bss ihe address of 1631 Coventry Lane,Grand I sl and ._ .
<br /> whi Codel ("�P�Y Addriess");
<br /> Nebraska 68801 [Z� � � °
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<br /> TOGEfHER WTfH all the impmvemenu now or hereafter erected on the pmperty, and all easements, ��-
<br /> _ � appurtenances aad fixt�ues now or hereafter a part of the property.All replacements and addiasthe"ProP�Y•be F''.. -
<br /> oove�ed by this Sewrity Insuument.All of the foregoiag is referred to in this Secauity Instramen _ _ --
<br /> , � - BORROWER COVENANTS thac�arrawer is laerfully seized of the estate hereby coaveyed aucl has the tight to '' _
<br /> � grant and coavey the Property and that the Property is uneacumbered�excePt for enaunbrauces of record.Bormwer
<br /> . � • wan�►u and will defend generally the dtle to the PmpertY aga3ns� all claims and demands, subject w anY • _
<br /> . . � . . encumbrances of record. �:',• 6
<br /> ' ' � ' THIS SECURITY I1�1SfRLlIV1ENT combines uniform covenants for national use and non uniform wvenants ��..��
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<br /> .� ' with lunited variadons by l��on to constiate a uniform security insuument covering real property. . _ :
<br /> - � � Bonower and Lender covenant and agree as follows: , .; '' �`
<br />. - .. . .. _ .�:.
<br /> ' �� . �� UMFORM COVENANfS. . . -
<br /> . l. Payment of Frincipal. Interest and Late Charge. Borrower shall PaY whea due the principal of, and - :,�t�.
<br /> • � interest on.the debt evideaced by the Note and late charges due under the Note. , , � �;_
<br /> � : .� � 2. Mont�ly Fayment of Ta�xes, Iasw'ence and Other CLarges. Borrower shaU include in each monthly _
<br /> � � . � . , payment,together with the principal and interest as set forth in the Note aad any late charges,a sum for(a)taxes and �:.
<br /> . . • . Special assessments levIed or to 8e levied against the Property, @) leasehotd payments or grauud rents on the . .;.�
<br /> � property, and(c)Premiums for insurance recNired uader paragrapb 4. Ia any year in which the Lender must pay a . ....-
<br /> . . � . mongage insurance premium to the Secretary of Housing aad Urban Development("Secretary"), or in any year in ,
<br /> ' � � ' �� which such premium would have been required if Lender still hetd the Security Instrument, eacd�monthly paymenc • •
<br /> : �,, � shall also include eitber:(i�a snm for the annual mortgage insvrance premivm to be paid by L.ender to the Secretary, , �
<br /> • or(ii)a monthly chazge instead of a mortgage insurance premiarn if this Secnrity lnstrument is held by the Secretary, �
<br /> � in a reasoaable amouat to be determined by the Secretaryr. Except for the montbly charge by the Secretary, chese
<br /> items are called'Escrow Items"and the sums paid to Lender are called "Escrow Funds.' '
<br /> lxnder may,at any cime,collect and hold amounts for Escrow Items in an aggregate amount not to exceed the
<br /> ,. .�,.� ma�clmum amouat that may be required for Boaower's escrow account nnder the Real Fstate Settlement Ptocedures
<br /> ' Act of 1974. 12 U.S.C. Section Z601 et seq. and implementing regulations. 24 CFR Pazt 3500, as they may be
<br /> amended from time to time("RESPA"),except that the cushion or reserve permitted by RESPA for unanricipated - :
<br /> � disbursements or disbursemeau before the Borcower's payments are available in the account may not be based oa
<br /> amounts due for the mortgage lnsurance premium. •
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