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201206�77 (0) 'Teriodic Payment" means the regulazly 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. §2601 et seq.) and its implementing regularion, Regulation X(24 C.F.R Part 3500), as they might be amended from tntne to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instntment, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Bonower's obligations under the Note and/or this Security Instrument. TRANSFER OF WGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Secwtity Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) fhe performance of Borrawer's covenants and agreements under this Security Instrument and the Note, For this purpose, Borrower irrevocably grants and conveys to Truste�, in trust, with power of sale, the following described property loca.ted in the COL7NTY of NAT,I, . LTY� of Record'mg 7�isdiction] [Name of Recording Jurisdiction] Lot T�venty-Nine (29) in Block "C" in "Parkview Subdivision", located in the Northeast Quarter (NEl/4) of' Section Twenty-Nine (29), and the Northwest Quarter (NWl/4) of Section Twenty-Eight (28), both in Township Eleven (11) North, Range Nine (9) West of the 6th P.M., in Fiall County, Nebraska. which currently has the address of GRAND ISLAND [��] 2521 PARK DRIVE [srreet7 , Nebraska 6 8 8 O 1 ("Property Address"): [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fuctures now or hereafter a part of the propetty. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referredto in this Security Instrument as the "Properiy." Borrower understands and agrees that MERS holds only legal title to the interests granted by Bonower in this Security Instrvment, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and se11 the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. NEBRASKA-Singte Famtly-UNIFORMINSTRUM9VT DoeMB,glcQ�p� MODIFl� FOR DEPARTMENT OF VETERANS AFFAIRS - MERS www.docmagic.eom (Rev. 1/01) Page 3 of 14 I��IIII�� IIII'UI I�I� II� I I II I II U I I III�I IIIII��I'lu III