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2Q1200759 <br />(N) "Mortgage Insurance" means insurance protecting Lender against the no�ayment 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 S�urity Instrument. <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 addirional or successor legislation or regulation that governs the same subje,ct matter. As used in this <br />Security Instrument, "RESPA" refers to all requirements and restrictions that are 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 i� interest of Borrower" �ans any party that has taken title to the Property, whether or not <br />that pariy has assumed Borrower's obligafiic3ns under the Note and/or this S�urity Instrument. <br />Transfer of Rights in the Properiy <br />This S�urity Instrument secures to Lender: (i) the repayment of the Loan, and all renewais, extensions <br />and modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Tnistee, in trust, with power of sale, the following described property located in the <br />C o u n ty (Type of Recording Jurisdiction) <br />of H a 11 (Na'ne of Recording Jurisdiction): <br />Lot Seven (7), in Block Two (2), Capital Heights Third Subdivision, in the <br />City of Grand Island, Hall County, Nebraska. <br />Parcel ID Number:400153343 <br />4220 Vermont Ave <br />Grand Island <br />("Property Address"): . <br />which cunently has the atidre�ss of <br />{Stred) <br />(City), Nebraska 68803 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter erecte� 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 referrefl to in this Security Instrument as the <br />«�. � <br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP p <br />Wolters Kluwer Finencfal Services <br />Porm 3028 1 /01 <br />VMP6(NE1 (11051 <br />Page 3 of 17 <br />Y . <br />. • <br />