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<br /> of Borrower's covenants and agreements under this Securiry Instrument and the Note. Far this purpose, Borrower i � ` •
<br /> irrevocably grants and conveys to the Trustee,in trusc,with power of sale,the following described property located i . . � .
<br /> in Nal�I counry,Nebraska: � " . . . .
<br /> Lot Two (2), Block Ten (10), Bonnie Brae Addition to the City of Grand �, � , � ' � -_
<br /> Island, Hall County, Nebraska. t..,.__�_._'_:�__,_����;�.
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<br /> which has the address of 1607 W. 4th Street,Grand Isl and
<br /> Plebraska 68801 [zip coae) ("Propetry Addiess"); :
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<br /> TOGEfHER W1TH all the improvements now or hereafter erected on the property, and all easemenu, . �._ ,
<br /> appurtenances and fixtures now or hereafter a part of the properry. All replacements and additions shaU also be , :;�x� . .;�;_
<br /> covered by this Security Instrument.All of the foregoing is referred to in ttris Security Instrumeitt as the"Property." •. - , '; :
<br /> ' � �'r..1' . ..
<br /> BORROVI�E�t COVfiNANTS that Borrower is lawfally seized of the estate hereby conveyed and has the right to ~'�'� A �
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<br />-. grant and convey the Property and that the ProPenY is unencumbered,except for encumbrances of record. Borrower ' _.,�::
<br /> waisants and will defend generally the tide to the Properry against all claims and demands. subject to any � _ :;t• �;
<br />- encumbrances of record. � ��'
<br /> � THIS SECURITY INSTRUMENT combines uniform tovenants for uational use and non-uniform covenanu
<br /> with limited variaiions hy jurisdiction to constitute a uniform security instrumenc covering real properry. _ � • �t� ��
<br /> Borrower and l.ender covenant and agree as follows: � �' � -
<br /> . , �wr��•��
<br /> UNIFORM COVENANTS. '—
<br /> • 4�
<br /> ' 1. Peymeffi ot Princtpal, Interest and I,ate �6aige. Borrower shall pay when due the principal of. and - °=��
<br /> � interest on,the debt evidenced by the Note and late charges due under tke Note. . ��` ���'_�
<br /> 2. Monthly Ps�ymeat of Taxes, Insaranee and Other Charges. Borrower shall include in each monthly ��:
<br />, payment.together with the principal aad interest as set forth in the Note and any laze charges,a sum for(a)taxes and ���7�'��_
<br /> � special assessmenu tevied or to be leviQd against the Properry, (b) leasehold payments or ground rents oa the ..��
<br /> Property.aad(c)premiums for insurance required under paragraph 4. In any year in which the Lender must pay a • — _
<br /> mortgage insurance precniu�to the Secretary of Housing and Urban Development("Secretary"). or in any year in -- � � �� , _..�;
<br /> which such premium would have been required if Lender still held the Security Instrument, ea,ch monthly payment r°.'�__�-ji�-
<br /> ° shall also include either.(i)a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary. . � �'
<br />` or(ul a monthly chazge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary, : ����• }' �'`
<br /> , 1_ -......-.
<br /> in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary. these �.�;�. .
<br /> items are called"Escrow Items"and the sums paid to Lender are called"Escrow Funds.° y r: '!�
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<br /> Lender m =��.��,�,..<<,,.,.�...�
<br /> ay, at any time.wllect and hold amounts for Escrow Items in an aggregate amount not to eaceed the • • •�'�°�•�*•��'������ :•
<br /> maximum amount that may be requiced for Borrower's escrow acwunt under the Real Estate Settlement Procednres �• ''""'�'�
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<br /> �;L-T�i.Ty�{--7.J'��-.,°
<br /> Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations. 24 CFR Part 3500. as they may be . -,,- 4����*�_ •�• -
<br /> ,l -Yt
<br /> amended from time to time("RESPA").eacept that tfie cushion or ceserve permitted by RESPA for unanticipated • `'°"'"�'•'�•�
<br /> . .,s,:��..:�';�..�. .=.
<br /> disbursements or disbursements before the Boaower's payments are available in the account may not be based on , , • �_
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<br /> � amounts due for the mortgage insurance premium. . ' ; ' �
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