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201301703 <br /> (N) "Mortgage Insurance" means insurance 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 this Security Instrument. <br /> (P) "RESPA" means the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.) and its <br /> implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, <br /> or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br /> Security 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 RESPA. <br /> (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br /> that party has assumed Borrower's obligations under the Note and/or this Security 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 Borrower's covenants and agreements under <br /> this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys <br /> to Trustee, in trust, with power of sale, the following described property located in the <br /> County (ripe of Recording Jurisdiction) <br /> of HALL (Name of Recording.Jurisdiction): <br /> LOT SIX ( 6) AND THE SOUTH TWENTY TWO (22) FEET OF LOT FOUR (4) , BLOCK TWENTY <br /> TWO (22) , SCARFF'S ADDITION TO WEST LAWN, IN THE CITY OF GRAND ISLAND, HALL <br /> COUNTY, NEBRASKA <br /> Parcel ID Number: 400089025 which currently has the address of <br /> 1603 N Taylor Ave (Street) <br /> Grand Island (City) Nebraska 68803 (Zip Code) <br /> ("Property Address"): <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 Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br /> "Property." <br /> 2,1003796 <br /> NEBRASKA-Single Family-Fannie M ae/Freddie Mac UNIFORM INST RUM ENT Form 30211 1/01 <br /> VM P® VM P60NE)1f 1051 <br /> Wollers Slow or!Miaow'Sevlces Page 3 of 17 <br />