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201�09�7� <br />(N) "Mortgage Insurance" means insurance prote,cting L.ender against the nonpayment of, or default on, the <br />Loan. <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Fstate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />unplementing 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 Instn�ment, "RFSPA" refers to all requirements and restrictions that aze imposed in regard 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 Bonower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights in the Property <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ii) the gerformance of Bonower's covenants and agreements under <br />this S�urity Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trustee, in tivst, with power of sale, the following described property located in the <br />County (Ty, peofRecordingJurisdiction) <br />of W a 11 (Name of Recording Jurisdiction): <br />Lo� Seven (7), Block Four (4), Normandy Estates, an Addition to the City of <br />Grand Island. Hall County, Nebraska <br />Parcel ID Number:400066750 <br />1515 S Newcastle Rd <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Street) <br />(City), Nebraska 68801 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter er�ted 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 Security Instrument. All of the foregoing is referred to in this Se�urity Instrument as the <br />�� � <br />NEBHASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Finandal Services <br />Fo.�, ao2e �ro� <br />VMP81NE) (1106) <br />Pape 3 of 17 <br />