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201200749 (N) "Mortgage Insurance" means insurance protecting L.ender against the nonpayment of, or default on, the Loan. � � (0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (a) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Bonower's obligations under the Note and/or this Security Instrument. Transfer of Rights in the Property This Security Instivment se,cures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under this S�urity Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County (Type of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): The Southerly Fourteen and Ninety Five Hundredths (14.95) feet of Lot Ten (10) and the Northerly Forty Two and Seventy Five Hundredths (42.75) feet of Lot Twelve (12), Block Eighteen (18), University Place, an Addition to the City of Grand Island. Hall County, Nebraska Parcel ID Number:400101130 2007 N Sherman Blvd Grand Island ("Property Address"): which currently has the address of (Street) (Ciry), Nebraska 68803 (Zip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covere� by this Security Instrument. AIl of the foregoing is refened to in this Security Instrutnent as the M�. � NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Fo� soza � ro� VMPBINE) (1105) Page 3 of 17 � . , �