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�Q1208007 (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. i0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note, plus (ii) any axnounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Insmament, "RESPA" refers to all requirements and restrictions that are imposed in regard 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 Borrower's obligations under the Note and/or this Security Instrument. Transfer of Rights in the Property This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trust�, in trust, with power of sale, the following describeri property located in the County (Type of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): Part of Lot One (1), of Ross First Subdivision, in the City of Grand Island, Nall County, Nebraska more particularly described as follows: The Easterly One Half (E1/2) of the following tract which is described as follows: Commencing at the Northeast Corner of the Northeast Quarter of the Northwest Quarter (NE1/4NW1/4) of Section Eleven (11). Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska running thence West for a distance of 138.7 feet, thence South for a distance of 662.4 feet, thence East for a distance of 140.8 feet and running thence North for a distance of 662.4 feet to the place of beginning Parcel ID Number:400161400 4203 W Capital Ave Grand Island ("Property Address"): which cunently has the address of (Stred) (City), Nebraska 68803 (Zip Code) TOGETHER WITH all the improvements now or hereafter er�ted on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is refened to in this S�urity Instrument as the "Property. " NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Form 3028 1/01 VMP6(NE) (1105) Page 3 of 17