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201205217 <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 Security Instrument. <br />1P) "RESPA" means the Real Fstate Settlement Procedures Act (12 U.S.C. Section 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 addirional or successor legislarion or regulation that governs the same subject matter. As usefl in this <br />Security Instnament, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"feflerally related mortgage loan" <br />under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken ritle to the Property, whether or not <br />that pariy has assumed Borrower's obligations under the Note and/or this Se�urity Instrument. <br />Transfer of Rights in the Property <br />This S�urity Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modificarions of the Note; and (ii) the performance of Bonower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys <br />to Trustee, in mist, with power of sale, the following described property locat� in the <br />(Type of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdidion): <br />Lot Fourteen (14), Grand West Subdivision in the City of Grand Island, Hall <br />County. Nebraska <br />Parcel ID Number:400394332 <br />1428 Mansfield Rd <br />Grand Island <br />("Property Address"): <br />which currently has the address o£ <br />(Stred) <br />(City), Nebraska 68803 (Zap Code) <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and addirions shall also be <br />covered by this Security Instrument. All of the foregoing is refened to in this S�urity Instrument as the <br />„�. M <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6(NE) (11051 <br />Page 3 of 17 <br />, . �• � . <br />