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20�2o��g� <br />(N) "Mortgage Insurance" means insutance protecting 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 Section 3 of ttus Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Secrion 2601 et seq.) and its <br />implementing regularion, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, <br />or any additional or successor legislarion or regularion that governs the same subject matter. As used in tlus <br />S�urity Instrument, "RESPA" refers to all requirements and restrictions that are imposefl in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"feflerally relatefl mortgage loan" <br />under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Properry, whether or not <br />that parly has assumefl Bonower's obligations under the Note and/or this S�uriry 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 Bonower's covenants and agreements under <br />this S�urity Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br />to Trustes, in trust, with power of sale, the following described properly located in the <br />C o u n ty (Type of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdidion): <br />Part of the Southwest Quarter (SW1/4) of Section Thirty-Five (35), Township <br />Twelve (12) North, Range Ten (10) West of the 6th P.M., Hall County. Nebraska <br />more particularly described in Warranty Deed recorded as Document No. <br />200706665. <br />Parcel ID Number:400189739 <br />4234 W Airport Rd <br />Grand Island <br />("Property Address"): <br />which currernly has the address of <br />(Street) <br />(Ciry), Nebraska 68803 (T.ip 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 S�urity Instrument. All of the foregoing is refened to in this S�urity Instrument as the <br />"Property." <br />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIfORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Flnancial Servicea <br />Fmm 3028 1/01 <br />VMPB(NE) (1105) <br />Pege 3 of 17 <br />