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� 201201751 (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,plus(ii)any amounts under Sec[ion 3 ofthis Security Instrument. (Q) "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 govems 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 mor[gage loan"even if the Loan does not qualify as a"federally related mortgage loan"under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Property,whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPCRTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns)and lhe successors and assigns of MERS. This Security Instrument secures 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 agreemenu under this Security Instrument and the No[e. For this purpose, 8orrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property bcated in the County �Typc of Recording JurisdictionJ of HALL[Name ol'Rewrding Jurisdiction]: LECAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF. Parcel ID Number: 400074540 which currently has the address of 820 S Arthur St [Strcct] Graod Island [Ciry], Nebraska 68803 �z�P coae� ("Property Address'�: 7'OGETHER 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 wvered by this Securiry Instrument. All of[he foregoing is referred to in this Sewrity Instrument as the"Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary ro comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has[he right to exercise any or all of those in[erests, including, but not limited to,the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Propedy and that the Property is unencumbered, except for encumbrances of record. NEBRASKA-Si�glc Family-Faonie M1iae/Freddie M11ae UNIFORM INS7'ROMENT W7TH MERS Form 302R I/01 I'ag,e 3 of 16 �� Inilials: