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201206276 <br /> (N) "Mortgage Insurance" means insurance proeectiug Lender against the nonpaymcnt of, or defaule on, Yl�e <br /> Loan, <br /> 10) "Periodic Payment" means the regularly scheduled funount due for (i) principa] and interest under[he <br /> Note, plus (ii) any amounts under Section 3 of this Security lnstrument. <br /> (P) "RESPA" tnea�s the Reat Estate Seftlemeut Procedures Act(12 U.S.C. Section 2601 eY seq.) and its <br /> implemenl:ing regulati�n, Reg�ileCion X (24 C.P.R. Pai�t 3500), as they might be amended from time U� time, <br /> or any additioital or succeseor legislation or regulxtron ChaC governs the same suUject matter. Ae used in Chis <br /> Security Iush�wnenC, "R�SPA" refers to all requircments and restricYions that are imposed in regard to a <br /> "federally celated mortga�;e lotm" evcu iP Uie Loan does not qu�ilify as a "federally related mortgage loan" <br /> under RF,SPA. <br /> (Q) "Successor in InYeresY of Borrower" means aiiy party that[�as talcen title to Clie Property, whether or not <br /> that party has assumed Borrower's obligations uiider lhe Note and/or Chis Security Insttumen[. <br /> Transfer of Rights in the Property <br /> This Security Iilstrument sccuiros to Lender: (i) the repayment oP the Loan, and all cenewals, extensions <br /> x�id modificadous oP Ihe NoCe; and�(ii) the performauce of Borrowoc's�covenants and agreements under <br /> this Securiry 1nsCrument and the Note. Por this purpose, Borrower irrevocably grants and conveys <br /> � lo '1'rustea, in trust, with power af sale, the follawing dcscribed properry laented in the <br /> C o u n t y (Ty�e of Recor�lirzg,Turisdiction) <br /> of HALL (NameofRecordtngJurtsdictlon): <br /> LOT TWO (2) /�MERICAN INDEPENDENCE SECOND SUBDIVISION , IN THE CITY QF GRAND <br /> ISLAND , I1ALL COUNTY, NEBRASKA. <br /> Parcel ID Number:40047 7952 which currenCly lils the nddress oP <br /> 1603 LARIAT LN (Street) <br /> GRANQ ISLANQ (City), Nebraska 688D3 (7.ip Co�le) <br /> ("Property Address"): <br /> TOGB l'I-TFK WITA all Che improvemeirts now on c�rcaPl'.er erected ou tlie property, and all easements, <br /> appurrenanees, and fi�tures now or liereafccr a part of the properry. All replacemenYs and additions shnll also Ue <br /> covered by this Security InstrumenC. AII of the faregaiug is referred to in Chis Security Insh�umant as the <br /> "Propetty." <br /> --._. . .. --- 2aoo i soz <br /> iVFBRA51(A�Sin�le Pomily�f-.�nnio MaelPreddie Mac UNIFORM INSTNUpqEiYf Form 3028 1101 <br /> VMP�� VMPBME111'IOfi� <br /> womars ia��•�e�Fi�a���i�i sdrvmas aane.a Af i� <br />