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20120476 <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 Section 3 of this S�urity Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. S�tion 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 additional or successor legislation or regvlation that governs the same subject matter. As usefl in this <br />Security Instrument, "RF.SPA" refers to all requirements and restrictions that are 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 party that has taken tide to the Property, whether or not <br />that party has assumed Bonower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights in the Property <br />This Se�urity Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agr�ments under <br />this S�urity Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trustee, in trust, with power of sale, the following described property locate� in the <br />County (Type of Recording Jurisdidion) <br />of H a 11 (Name of Recording Jurisdiction): <br />Lots One Hundred Thirty Four (134) and One Hundred Thirty Five (135) in <br />Belmont Addition to the City of Grand Island, Hall County, Nebraska. <br />Parcel l� Number:400017369 <br />306 N Grace Ave <br />Grand Island <br />("Property Address"): <br />which currently has the addr�s of <br />(Street) <br />(Ciry), Nebraska 68803 (Zip Code) <br />TOGETHER WITH all the improvements now or hereafter ere,cted 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 referred to in this Security Insmament as the <br />„�,�� n <br />.� <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIPORM INSTRUMENT <br />VMP Q <br />Wolters Kluwer Financial Services <br />Form 3028 1/01 <br />VMPB(NE) (1105) <br />Page 3 of 17 <br />