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201302141 (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly 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. 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 Instrument, "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 Borrowers 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 Trustee, in trust, with power of sale, the following described property located in the County (Type of Recording Jurisdiction) of HALL (Name of Recording Jurisdiction): A tract of land comprising a part of the Southeast Quarter of the Southwest Quarter (SE1/4SW1/4) of Section Three (3) , Township Eleven (11) North, Range Nine (9) West of the 6th P.M. , in Hall County, Nebraska , more particularly described as follows: Beginning at a point on the South line of said Section Three (3) , said point being 1523.33' east of the Southwest corner of said Section Three (3) : thence Northerly parallel to the West line of said Section Three (3) , a distance of 516' : thence deflecting right 90 degrees 40' 34" and running easterly a distance of 156.12' to the Westerly right-of-way line of Ord Branch of the Union Pacific Railroad; thence Southeasterly along said railroad right-of-way line a distance of 515.61 ' to the South line of said Section Three (3) ; thence Westerly along the South line of said Section Three (3) , a distance of 172.3' to the place of beginning Parcel ID Number: 400205327 which currently has the address of 1026 E CAPITAL AVE (Street) Grand Island (City), Nebraska 68801 (Zip Code) ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected 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 referred to in this Security Instrument as the "Property." 24003920 NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUM EN' Form 3028 1/01 VM P V M P6(58)(1105) Wolters Kluwer Rnancial Sendces Page 3 of 17