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<br /> of Borrower's covenants and agreements under this Securiry lnstrument and the-I�Tote. For this pwpose, 8orrower ' - ' .:
<br /> isevocably grants and conveys to the Tn�stee, in crus[, with power of sale,the following desrribed property located , : • _
<br /> . in Hal l Counry.Nebraska: , • : , -=—
<br /> � Lot One (1) and Lot Two (2) except the Easterly 52.8 feet thereof, Nusman's f�
<br />-= Subdivision, an Addition to the City of �rand Island, Hall County, Nebraska. ' ' � , . °�
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<br /> which has the addmss of 508 E. Bi smark Road,Grand I sl and �s��,c«y�, ��. �:y�:f�-•:`--_: _
<br /> Nebraska 68801 [zi�coae) ('Progerry��ddress"); ��:��;'��- "
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<br /> TOGETHER WITH a11 the improvemenu now or hereafter ereaed on the pmperty, and all easemenu, �. � • '`$�������
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<br />' appurtenances and fixtures now or hereafter a part of the property. All repiacements and addidons shall also be � ��'" _
<br /> covered by this Security lnstrument.All of the foregoing is referred to in this Security Insuumeat as the"Propeny•' �•- __ .���_
<br /> �� BORR0INER COVENANTS that Borrower is IawfWly seized of the estate h�reby conveyed and has the right to �.' �'�
<br /> grant and convey the Property and that the Property is unencumbered,ex�cept for encwnbrances of record. Bonower
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<br /> :;� warrants and will defend generally the title to the Properry against all claims and demands, subjec[ to any • �
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<br /> encumbrances of record. ~ '�"�""''`
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<br /> THIS SECURITY MSTRUMENT combines uniform covenants for national use and non-uniform covenants .
<br /> with limited variations by jurisdiaion to consticute a uniform secvrity instrument covering real property. ���` ' �
<br /> Borrower and Lender covenant and agree as follows: _ �
<br /> r
<br /> UNIFORM COVENANTS. - 'r
<br /> 1. Pgyment of Princ[pal, Iaterest and Late Charge. Borrower shall pay when due the principal of. and - _ _ �� : �
<br /> interest on,the debt evidenced by the Note and late charges due under the Note. ''� ��•!?. i
<br /> Z. MontWy Pstyment of Taxes, Iasurance and Othee Chaiges. Borrower shall include in each monthly - .�?� �° -
<br />. paymeat,together with the principal and interest as set forth in the Note and any late charges,a sum for(a)taxes and �et �;:,Q;..`..
<br /> sgecial assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the ��,�__-:�
<br /> Properry. and(c)premiums for inc,�ra„�required under paragraph 4. In any year in which the Lender must pay a =''F���'
<br /> � mongage insurance premitun to the Secretary of Housing and Urban Development("Se�retary"),or in any year In �'°`�
<br /> which such premium would have been required if Lender still held the Security Insm�ment, each monthly payment ''�,-����.�.�==_..
<br /> shall also include either:(i)a sum for the annual mortgage insurance premium to be paid by Lender to the Secretary, • ,���:�,_
<br /> or(ii)a monthly charge instead of a mongage insurance premium if this Securiry Insmiment is held by the Secretary, . {,,,,;����-_
<br /> in a reasoaable amount to be deter�►ined by tbe 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." �
<br />� Lender may,at any time. wllect and hold amounts for Escrow ltems in an aggregate amount noi to exceed[he ' =—
<br /> maximum amount that may be required for Borrower's escrow account under the Real Estate Settlement Procedures ?_M�"���
<br /> :. �__;...
<br /> Act of 1974, 12 U.S.C. Secdon 2601 et seq. and implementing regulauons, 24 CFR Part 3500, as they may be ""�'a'�- �;;-
<br /> amended from time to time("RESPA"), except that the cushion or reserve permitted by RESPA for unanticipated .� ��r:-�.
<br /> disbursements or disbursemenu before the Borrower's a y not be based on ����"`'""'��
<br /> p yments are available in the account ma �,�,���.
<br />� amounts due for the mortgage insurance preir.ium. 5�;��••_•r�;..;`.
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