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<br /> � �� � of Borrower's covenanu and agreements under this Security Instniment and the Note. For this purpose, Borrower � ;f' � - �''"
<br /> . � irrevocably granu and conveys to [he Trustee, in tcwt,with power of sale, the following described property located ,
<br /> in Hal l County,Nebraska: i�
<br /> f� � yorth 1/3 of Lots Four (4) and Five (5), Block Fourteen (14), Schimmer`s -�-: "- �" " ";_';=
<br /> ,.:� Addition ±o Grand Island, Hall County, Nebraska. ' � --=�
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<br />� wluch has the address of 1523 N. Eddy Street,Grand I sl and ts�►.c�ry�. ._ �—
<br /> • Nebraska 68801 CziPCoae] ('Property Addmss"); . ' ''''s
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<br /> TQGETHER WITH all the improvemenu now or hereafter erected on the property. and all easements, • -��'�-"-�--
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<br /> ` appunenances and futures now or hereafcer a pan of the property. All replacements and additions shall also be � v
<br /> � covered by this Securiry Insuument.All of the foregoing is referred to in this Security Instrument as the"Property." •,' �"�
<br /> BORRaWER COVENANTS tbat Borrower is lawfully seized of the estate hereby conveyed and has the right to � �;!;•: �-
<br /> � .�! grant and convey the Property and that the Properry is unencumbered,except for encwnbrances of record.Borrower -�-s'�' � ��"_
<br /> .° warrants and will dcfend generally the title to the Property against all claims and demands, subject to any . � •� ,. '. ._:-
<br /> . encumbrances of record. • �,*�_� � '� -
<br /> _ .-t.Y.. ,i .
<br /> THIS SECiJRITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants "'
<br /> with limited variations by jurisdiction to constitute a uniform security instrument covering real property. �x��'".,
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<br /> Bonower and Lender covenant and agree as follows:
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<br /> . UNffORM COVENANTS. ' � � ��-'
<br /> "�" � ' T!� . �.
<br /> 1. Payment of P�3ncipal, Interest and Late Chaige. Sorrower shall pay when due the principal of. and =`�� �
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<br />• . interest on,the debt evidenced by the Note and late charges due under the Note. • �'�°"'7', .�!, �
<br /> .� 2. Monthly €'ayment of Taxes, Insurance aad Other Charges. Boaower shall include in each monthly '�-°� ,' •'�,••-
<br /> . payment,togeth��r with the principal and intcrest as set forth in the Note and any late charges.a sum for(a)taxes and �� " �"`°
<br /> . �.+. � special assessments levied or to be levied against tbe Property, (b) leasehold paymenu or ground rents on the ~�_�
<br /> ~������ -. - .
<br /> Property,and(c)premiums for insurance required under paragraph 4. In azry year in which the Lender must pay a ��.�
<br /> ` mortgage insurance premium to the Secretary of Housing aad Urban Development("Secretary"), or in any year in ���=��
<br /> which such prearium would have been required if Lender still held the Security Instniment. each monthly payment ���'��=''���
<br /> shall also include either: (i)a sum for the annual mortgage insurance premium[o be paid by Lender to the Secretary, �-��
<br /> � or(ii)a montlil y charge inste�d of a tnortgage insurance premium if this Seauity Instrument is held by the Secretary. �� ' =_°
<br /> • in a reasonable amount to be determined by the Secretary. Except for the moattily charge by the Secretary. these ±� ' -
<br /> items aze called"Escrow items"and the sums paid to i.ender are called"Escrow Funds." ' � � —
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<br /> Lender may. at any time,collect and hold amounu for Escrow Items in an aggregate amount not to eaceed the `��''���' � �
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<br /> maximwn amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures '=��"� � ��
<br /> • Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations. 24 CFR Part 3500, as they may be J''
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<br /> . � " ex t that the cushion or reserve rmitted b RESPA for unanticipated �
<br /> to time "RESPA Fe Y °�.`^`��. _
<br /> amended from time ( ), Cep '-.�,,:. :
<br /> � . disbursements or disbursements before the Borrower's payments are available in the account may aot be based on � _`�'�',�'_°�'°+'�. �
<br /> � amounts due for the mortgage insurance premium. � .. :,
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<br /> ��R(NEI 1960a1.Ot vage 2 018 �n�oNs: . • . - .
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