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��1205��0 (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly 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 legislarion or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that aze imposed in regazd to a "federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (O.) "Successor in Interest of Borrower" means any pazty 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 Property This Security Instniment secures to L,ender: (i) the repayment of the Loan, and all renewals, extensions and modificarions of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irtevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the C o u n t y (T ype of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): The Westerly Fifty-Five (55) Feet of Lot Three (3) and the Easterly Twenty-Five (25) Feet of Lot Two (2), Block One (1), in Pleasant View Third Addition to the City of Grand Island, Hall County, Nebraska. Parcel ID Number:400079372 921 E Bismark Rd Grand Island ("Property Address"): which currently has the address of (Street) (City), Nebraska 68801 (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 5ecurity Instrument. All of the foregoing is refened to in this Security Instrument as the "Property." NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Flnencial Servicea Farm 3028 1 /01 VMP8INE) �1105) Page 3 of 17 � . ' � � � �,.� . � i . .�