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�o��o�� T'his debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), wluch provides for monthly payments, with the full debt, if not paid eazlier, due and payable on January 01, 2042 . This Security Insfrument secures to Lender: (a) the repayment of tha debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of a11 other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irtevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property loca.ted in Hall County, Nebraska: Lot One Hundred Nine (109), West Lawn Addition to the City of Grand Island, Hall County, Nebraska. THIS IS A PURCHASE MONEY ONLY DEED OF TRUST Parcel ID Number: 400116014 which has the address of 1723 N Huston Ave [street� Grand Island [city], Nebraska 68803 [Zip Code] ( "Property Address"); TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by tkus Security Instrument. All of the foregoing is referred to in this Secnrity Instrument as the "Properiy." Borrower understands and agrees that MERS holds only legal title to the interests �anted by Borrower in this Security Instrument; but, if necessary to comply with law or custom, MERS, (as nominee for Lender and Lender's successors and assigns), has the right: to exercise any or aIl of those interes�s, including, but not limited to, the right to foreclose and sell the Property; and to ta�ce any action required of Lender including, but not limited to, releasing or canceling this Sacurity Instrtunent. BORROWER COVENANTS that Borrow�r is lawfully seized of the estate hereby conveyed and has the right to �ant and convey the Properiy and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Borrower and Lender covenant and agree as follows: UNIFORM COVENANTS. 1. Paymeat of Principal, Interest and Late Charge. Bonower shaiI pay when due the principal of, and interest on, the debt evidenced by the Note and late charges due under the Note. 2. Monthly Payment of Tazes, Insurance and Other Charges. Borrower shall include in each monthly payment, together with the principal and interest as set forth in the Note and any late charges, a suxn for (a) taxes and special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for insurance required under paragraph 4. In any yea.r in which the Lender must pay a mortgage insurance pramium to the Secretary of Housing and Urban Development ("Secretary"), or in any year in which such premium would ha.�e been required if Lender still held the Security Instrument, each monthly payment shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly chazga instead of a mortgage insurance premium if this Security Tnstrument is held by the Secretary, in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these items are called "Escrow Items" and the sums paid to Lender aze called "Escrow Funds." 2200149527 � D V4NNE i��eiB�C� VMP�-4NINE) (oao�).ot Pege 2 of B