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201206640 <br />(N) "Mortgage Insurance" means insurance prot�ting 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 S�rion 3 of this Security Instrument. <br />1P) "RESPA" means the Real Estate 5ettlement Procedures Act (12 U.S.C. S�tion 2601 et seq.) and its <br />implementing regulation, Regulation X(24 C.F.R. Part 35�), as they might be amended from time to time, <br />or any additional or successor legislation or regulation that governs the same subj�t matter. As used in this <br />S�urity 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 RFSPA. <br />(Q) "Successor in Interest of Borrower" means any pazty that has taken title to the Property, whether or not <br />that party has assumed Bonower's obligations under the Note and/or this Security Instniment. <br />Transfer of Rights in the Property <br />This S�urity Instivment secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modificarions of the Note; and (ii) the performance of Bortower's covenants and agr�ments under <br />this S�urity Insm�ment and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trust�, in trust, with power of sale, the following described property located in the <br />C o u n t y (7�pe of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdidion): <br />Lot Twenty (20). Grand West Third Subdivision, in the City of Grand Island, <br />Hall County. Nebraska. <br />Parcel ID Number:400405202 <br />4061 Alien Ave <br />Grand Island <br />("Property Address"): <br />which currently has the addr�ss of <br />(Street) <br />(City), Nebraska 68803 (Zip Code) <br />TOGETHER �VITH all the iuiprovements 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 S�urity Instrument as the <br />"Properiy." <br />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />VMP Q <br />Wolters Kluwer Finandal Services <br />Form 3028 1 /01 <br />VMPBINE) (1105) <br />Page 3 of 17 <br />` �� �s + i , �� , '�� y <br />