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20120i15� (P) 'Teriodic Payment" means the regularly scheduled amount due for (i) principal and intere.st under the Note, plus (ii) any smounts under S�tion 3 of this Security Instrument. (Q) '�iESPA" means the Rea1 Estate Settlement Proc�ures Act (12 U.S.C. Section 2601 et se�.) 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 ttris Security Instrument, "RESPA" refers to all re�uirements and restrictions that are imposed in regard to a"federally relat� mortgage loan" even if the Loan does not qualify as a"federally relaterl mortgage loan" under RESPA. (R) '�nccessor in Intere,st 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 The beneficiary of this Security Instnunent is MERS (solely as nomince for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instnunent s�ur� to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower' s covenants and agreements under this Security Instrument and the Note. For this pwpose, Bonower irrevocably grants and conveys to Trust�, in trust, with power of sa1e, the following describeri property lo� in the County of Hall . [Type of Recording JurisdictionJ [Name of Recordittg Jurisdiction] Lot Tv�enty-one (21), in Fonaer Vie� Second Subdivision to the City of Grand Ieland, Hall County, Nebraska. Pazcel ID Number: 400131455 1114 HA:[�L CT GRAND ISLAND ("Property Address"): which cunently has the address of [Street] [City] , Nebraska 68801 [Zip Code] TOGETHER WITH a11 the improvements now or hereafter erecte� on the property, and a11 easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Prope�rty." Borrower understands and agrees that MERS holds only legal title to the interest grante3 by Bonower in this Security Instrument, but, if n�;essary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors �nd assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to for�lose and sell the Property; and to take any action required of Lender including, but not limiteci to, releasing and canceling this Security Instrument. 2300070575 D V6ANE NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORAA INSTRUMENT WITH M �� �-6A{NE�1oe�o1 Pape3of16 i„�� Form3028 1/01 �