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. 201208574 (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,plus(ii)any amounts under Section 3 ofthis Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act Q2 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 govems the same subject matter. As used in this Security Insirument, "RESPA" refers to all requirements and resfictions 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. (R) "Successor in Interest of Borrower" means any party that has taken title to the Property,whether or not that party has assumed Borrower's ohligations under the Note and/or this Securiry Insrivment. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Sewrity lnstrument is MERS (solely as nominee for Lender and Lender's successors and assi�s)and the successors and assigns of MERS. 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 Borcower's covenants and agreements under this Security Instrwnent and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,with power of sale, the following described property located in the County [I'ype of Recording Jurisdic[ion]Of HALL�Name of Recorcling Jurisdictlon]: LEGAL DESCRIPTION ATTACHED HERETO AIVD MADE A PART HEREOF. Parcel ID Number: 400074540 which currently has the address of 820 S Arthur Street [Street] Grand Island [city], Nebraska 68803 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now or herea8er erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the propedy. All replacements and additions shall also be covered by this Security Inshvment. All of the foregoing is referred to in this Sewrity Insttument as the"Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, 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 sell the Property; and to take any action required of Lender including,but not limited to, releasing and canceling this Securiry Instrument. BORROWER COVENANT'S that Borrower is Iawfully seised ofthe estate hereby conveyed and has the right to grant and comey the Property and that[he Property is unencumbered, except for encumbrances of record. '.VEBRASKA-Single Family-Faonie Mae/Freddie Mac UNIFORM INSTRUMENT W ITH M6RS Forro 3028 1N1 Page 3 af 16 �T Initials: