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20�206�4� <br />(N) "Mol'tgege 111SU1'a11Ce"means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br />(0) "PeriodiCPayment" 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 Instnunent. <br />(P) "RESPA" means the Real Estate 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 Gom time to time, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Instrument, "RESPA" 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) "Successorin Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights in the Property <br />This Security 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 agreements under <br />this Security Instnunent and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Tnistee, in trust, with power of sale, the following described property located in the <br />COUNTY (Type of Recording Juf-isdiction) <br />of �L (Name of Recording Jurisdiction): <br />LEGAL DESCRIPTION IS ATTACHED HERETO AS SCHEDULE "A" AND MADE <br />A PART HEREOF. <br />THIS IS A PURCHASE MONEY SECIIRITY INSTRUMENT. <br />Parcel ID Number: <br />1314 WEST CHARLES STREET UNIT 12 <br />GRAND ISLAND <br />� ("Property Address"): <br />which currently has the address of <br />(Street) <br />(City), Nebraska 68801 (Zip 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 additions shall also be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"property " <br />NEBRASKASingle Family-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281/01 <br />VMP a VMPB(NE) (1105).00 <br />Wolteis Klurver Financial Services Pege 3 of 17 <br />