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20120���� <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment 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 S�tion 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regularion, 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 Insmiment, "RFSPA" 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 pariy that has taken title to the Property, whether or not <br />that party has assumed Bonower's obligarions under the Note and/or tlus Security Instrument. <br />Transfer of Rights in the Property <br />This Securiry Instrument s�ures to Lender: (i) the repayment of the Loan, and all renewals, emensions <br />and modifications of the Note; and (u) the performance of Bonower's covenants and agreements under <br />this Security Insmament and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trustee, in trust, with power of sale, the following described property located in the <br />County (Type of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdiction): <br />Lot Three (3), Block Three (3), Ponderosa Lake Estates Fourth Subdivision, an <br />Addition to the City of Grand Island, Hall County, Nebraska. <br />Parcel ID Number:400384442 <br />31� Ponderosa Dr <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Stred) <br />(City), Nebraska 68803 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter erecterl on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the properiy. All replacements and addirions shall also be <br />covererl by this Security Insmiment. All of the foregoing is referred to in this Security Instrument as the <br />„�. oPeri3 , n <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financiel Services <br />Fa� ao2e i roi <br />VMP6(NE) (1105) <br />Page 3 of 17 <br />� <br />� , u y �C r �" 'd �a <br />