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201303451 (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 ally 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 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 West Half of the Northeast Quarter (W1/2NE1/4) of Section Two (2) , Township Twelve (12) North, Range Ten (10) West of the 6th P.M. , Hall County, Nebraska, and more particularly described as follows: Beginning at the Northwest corner of said Northeast Quarter (NE1/4) ; thence easterly along and upon the north line of said Northeast Quarter (NE1/4) , a distance of Seven Hundred Sixty-Eight (768.0) feet; thence southerly parallel with the west line of said Northeast Quarter (NE1/4) , a distance of Six Hundred Sixteen (616,0) feet; thence westerly, parallel with the north line of said Northeast Quarter (NE1/4) a distance of Seven Hundred Sixty-Eight (768.0) feet to the point on the west line of said Northeast Quarter (NE1/4) ; thence northerly along and upon the west line of said Northeast Quarter (NE1/4) , a distance of Six Hundred Sixteen (616.0) feet to the point of beginning. Parcel ID Number: 400459574 which currently has the address of 4151 W LOUP RIVER RD (Street) GRAND ISLAND (City), Nebraska 68803 (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 properly, 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." 24004258 NEBRASKA-swyle Earn Ily-Fannie M ae/Freddie M ac UNIFORM INSTRU 0 ENT Form 3028 1/01 vM P,u7 VM P6(NE)(1106) Walters Klue er Flnenclal Services Page 3 of 17