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24110956� <br />(N) "Mortgage Insurance" means insurance.protecting Lender against the nonpayment of, or default on, the <br />Loan. <br />(0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instnunent. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Instrument, "RESPA" refers to all requirements and restrictions that aze imposed in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" <br />under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights in the Property <br />This Security Instnunent s�ures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ii) the perforniance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower inevocably grants and conveys <br />to Trustee, in trust, with power of sale, the following described property located in the <br />C o u n t y (Type of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdiction): <br />Lot Twenty (20), having a lake foot frontage on One Hundred (100') feet, <br />situated on the East side of East Portion of Kuester Lake, and being on a part <br />of the East Half of the Southwest Quarter (E1/2SW1/4), in Section Thirteen <br />(13), Township Eleven (11), North, Range Nine (9) West of the 6th P.M., Hall <br />County, Nebraska <br />Parcel ID Number:400317699 <br />41 Kuester Lk <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Street) <br />(Ciry), Nebraska 68801 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be <br />covered by this 5ecurity Instrument. All of the foregoing is refened to in this Security Instrument as the <br />M� n <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Farm 3028 1/01 <br />VMPB(NE) (1106) <br />Paga 3 of 17 <br />.. ., r <br />7 . � <br />