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2012Q503ti (N) "Mortgage Insurence" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "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 regularion that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to a11 requirements and restrictions that are imposed in regazd to a "federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (Q) "Successor in Interest 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 5ecurity Instrument. Transfer of Rights in the Property This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modificarions of the Note; and (ii) the performance of Bonower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County (Type of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): Lot Fourteen (14), and the South One-Half (S1/2) of Lot Twelve (12), in Block Twenty-eight (28), in Highland Park, an Addition to the City of Grand Island, Hall County, Nebraska and a strip of land Twenty (20) feet in width, formerly a part of Waugh Street, now vacated more particularly described as follows: Beginning at the Southeast corner of Lot Fourteen (14), Block Twenty-eight (28), Highland Park, an Addition to the City of Grand Island, Hall County, Nebraska, running thence West along the South line of said lot, One Hundred Thirty-two (132) feet, running thence South, Twenty (20) feet, running thence East, One Hundred Thirty-two (132) feet, running thence North, Twenty (20) feet to the point of beginning. Parcei ID Number:400045184 2020 W Waugh St Grand Island ("Properly Address"): which currently has the address of (Street) (City), Nebraska 68803 (Zip Code) TOGETHER 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 covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the n�, � NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Waltera Kluwer Flnencial Services Form 3028 7l01 VMPB(NE) (1106) Pege 3 of 17