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<br /> ' of Boirower's covenants and agreemenrs under this Security Insuument and the Note.For this pwpose. Borrower � : . �s
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<br />`. � irrevocably granu and conveys w the Trusiec.in tivst,with Fower of sale,the following descrfbed pmPenY located in t �• . _ —
<br /> _ ; xp,r.�. County.Nebraslsa: ��---
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<br /> � LOT SIX (6), BLOCK ONE H[JNDRED THIRTY (130) , IN KOSINIG AND WIEBS'S -
<br /> ADDITION TO TFIE CITY OF GRAND ISLAND. IiALL COUNTY, NBBRASKA. . � -�--�.--,:.�:
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<br /> whic6 has the address of 816 W �T.F.$, GgpND ISLAND [Scree�,ciryl, ' , � . =-
<br /> '. NP,6T2S.ka 68901 [Z+P��I C'�P�YAddress'7; �.` �"�".il._
<br /> � TpGETHERR W1TFi all the impmvements now or hereafter er�xed on the pmperty. and all eaqemcaits, �- f�--�,:�:
<br /> appurtenances and fubues now or heseaftea a part of the property.All replacements and additioas shall also he wvered •:=���`
<br /> : �•.. � by this Secm�ity Lisorument All of the foregoiag is referred to in ihis Security Instnunent as the"Property." .. � �-�,'�•">,, �,
<br /> � .., B Q R R O W E R C O V E N A N'T S t h a i B o r ro w e a is la w f u l t y seized of the estate hemb y conveyed and has the right to . .. �� :`-.
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<br /> . gr�t and convey the Prope:ty and that the Property is unencumbe,red,except for encumbrances of record.Borrower �..�,, � '.�"-�-
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<br /> � 1 waaants and will defead geneaally the tide to the Propesty against all claims and demands,subject to any encumbrances ,�'��'• '-•�
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<br /> �• THIS SECURITY WSTRUNIENT combines uaifaim coveaants for national use and non-unifoan coveuants vrith f ;
<br /> limited varia�ions by jurisdiction w constinate a uniform security ins�ument covering real property. ��.,. .;,;�.:_^ �_:
<br /> Bomower and L.ende.r covenant and agree as follows: .� 1� �
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<br /> ' . 1.Papment of Principal,Interest and Late Charge.Borrowea shall pay when due the prnicipal of,and interest ; �,,. :��;.:
<br /> . on,the debt evidenced by the Note and Iate charges due nnder the Note. `•_'��-'�-
<br /> 2.Monthty Payment oP Tr�xes,Insurance and Other Chargea Bonower shall include in each monthly paymeut, ...�'�-s•-
<br /> �'''�� together with the pmicipal and inte�st as set forth in the Note and any late charges, a sum for(a)ta�ces and special
<br /> ° assessments tevied or w be Izvied agau�st the Pcoperiy,@)leasehold payments or ground rents oa the Property,and(c) , -•-�" -
<br /> . preminms for insurance required anda paragreph 4. In any year m which the Lender musi pay a mortg�a.e a�suzance .�,.. 1 h .
<br /> � p r e m ium to the Secretary of Housmg aad Urban Development("S�cretary"),or in any year ia wbich such premium "�'�'
<br /> ea each montht a ent shall also include either: i =��,�
<br /> . would have ix�zn reqaired�f Lendea sdll held the Secunty Instrum t, y p ym (� -
<br /> � a svm for the annual mortgage insurance presniam tn be paid by Lender w the Secretffiy,or(ii)a monthly charge instead = ---_—-'�.. _
<br /> :� of a martgage msivance premium if tbis Serurity Insuument is held by the Secretary,in a reasonable amount w be �
<br /> ' detcmiuied by the Secretary. Eacept for the manthly charge by the Secretary,these iteans are called°fiscmw Items"and :i,,,,�_'y.:�
<br /> � the sums paid w Lender are catted"Escrow Funds." ,�,�°r� �-M- '
<br /> . Lender may.at any time.collect and hold amounts for Escrow Itcros in an ag�egate amount noi to eaceed ihe t�'• � ��
<br /> ' ° maaimwn amonnt that may be required for Boirowea's escrow accovnt under the Rcal Estate Seulement P�vicedures Act - •.;,�_ '• � �
<br /> ' of 1974. 12 U.S.C.Secdon 2601 et seq.and implementing regulations,?a CFR Pazt 3500, as they may be amended "� �- , ��
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<br /> � from time to time("RESPA"),exocpt that the cushion ot res�ve pe�nitted by RFSPA for uaandcipated disbursemeats �'�'�-"':'_�'"��':���'
<br /> or disbursements before ths Borrower's payments are available in t�e account may not be based on amounts due for the ; -�,j•.;,:. :
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<br /> ; mortgage insurance premium. � . ..� .• _
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