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<br /> of Borrower's covenants and agreemeau under this Security Insuument and the Note. For this purpose. Borrower . ' _
<br /> irrevocably granu and conveys ta tiie Trustee, in trast, with power of sale, [he following described property located f, � • .,,-
<br /> 1n Hdl l Counry.Nebraska: , .�
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<br /> � Lot Six (6j, Block One (1j, Elm PTace, Grand Island, Hall Connty, ' °- ;:=-- --� � _
<br /> Nebraska. ` �� � �-
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<br /> which has ttte addmss of 1316 W. Di v i s i on,Grand I sl and
<br /> • - Nebraska 68801 CL�Coae� ("Property Address ); . .' '�•�• ' _
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<br /> . TOGETHER WITH all [he improvemenu now or hereafter erected on the properry, and all easements, .. ._;..',��.�':'`�
<br /> appurtenances and fixtures now or hereafter a parc of the properry. All replasemenu and additions shall also be � ~;=
<br /> , '',`= covered by this Security Instrument. Ali of the foregoing is referred to in this Securiry Instniment as the"Properry." �� °
<br /> � BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to � , ? •
<br /> - grant and co�vey the Propeny and that the Property is unencumbered,except for encumbrances of record. Borrower •,-�� �:� ' `- "
<br /> warrants and will defend generally the title to the Properry against all claims and demands, subject to any � �� ' .
<br /> encumbrances of record. � �,,. ' �
<br /> � .w.s• '�.�._�.
<br /> THIS SECURITY INSTRUMENT combines uniform wvenanu for national use and non-unifonn wvenants �;�:y � � , _ .
<br /> with limited variazions by jurisdiction to constitute a uniform security instrument covering real propeny• ":�°���'.
<br /> Borrower and I.ender covenant and agree as follows: f � . `1� ��. .
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<br /> . UMFORM COVENANTS. - • � ��_'---
<br /> , " 1. Payment of PrIndpal, interest and Late Charge. Boaower shall pay when due the principal of, and -. ,:_ . �` �. ;�_:-
<br /> ' interest an,the debt evidenced by the Note and late chazges due under the Note. ;� �"`°�
<br /> .�• `'�'—
<br /> 2. MontWy Payment of Taxes, Iasurance and Other Charges. Borrower shall include in each monthly _ �.;;�.;__
<br /> �' payment.together with the principal and interest as set forth in the Note and any late charges,a sum for(a)taaes and . .'���` _f��, .-.�T,,:::
<br /> �r' special assessments levied or to be levied against the Properry, (b) leasehotd payments or ground rents on the
<br /> ; Properry, and(c)premiums for ins�uance required under paragraph 4. In any year in which the Lender must pay a �_
<br /> mongage insurancc premium to the Secretary of Housing and Urban Development("Secretary"),or in any year in . �F~�'�--•,,..�.'�,:_.,.
<br /> which such premium would have been required if Lender srill held the Security Instrument.each monthly payment � •°-�•
<br /> ' shall also include either:(i)a sum for the annual mortgage iasurance premium to be paid by L.ender to the Secretary, :�X� "?�•�
<br /> or(ii)a monthly charge instead of a mortgage insurance premium if this Security lnstrument is held by the Secretary, • �„�-.
<br /> � , in a reasonable amount to be determined by the Secretary. Except for the montLly charge by the Secretary, these ' ������„,_ �__
<br /> . � i tems are c a l l e d"E s c r o w I t e m s"a n d t h e s u m s p a i d t o L e n d e r a r e c a l l e d"E s c r ow Funds." ; -_-=�_�-—;-
<br /> � Lender may, at any time,collert and hold amounts for Fscrow Items in an aggregate amount not to exceed the _�.,_;.�
<br /> . � maaimum amount that may be required for Borrower's escrow account un der t he R e a l F state Se tt lemen t P r o c e d u r e s ��.°' �� �
<br /> •�_� Act of 1974, 12 U.S.C. Section 2601 et seq. and implementing regulations. 24 CFR Part 35U0, as they may be �'�"�""�-`��`''�� __
<br /> _.�..;_:..,... _
<br /> amended from time to time ("RESPA"), except that the cushion or reserve pertnitted by RESPA for unanticipated _y V�,�' _
<br /> disbursements or disbursements before the Borrower's paymenu are available in the account may not be bas�d on � � •., _
<br /> � •L-... _ .
<br /> amounts due for the mortgage insurance premium. . " . "�" �
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