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201200513 <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 Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Se,ction 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 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 5ecurity Instnunent. <br />Transfer of Rights in the Property <br />This Security Instnunent 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, Bonower irrevocably grants and conveys <br />to Trust�, 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 Two (2), Block One (1) , Westroads Estates, Hall County, Nebraska <br />Parcel ID Number:400204134 <br />3416 Schroeder Ave <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Street) <br />(Ciry), Nebraska 68803 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter erectefl 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 5�urity Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"Property." <br />NEBRASKA-Single Famf�y-Fannie Mee/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Flnancial Servicea <br />Form 3028 1 /01 <br />VMP8INE) (7106) <br />Page 3 of 17 <br />