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201304860 (N) "M o rt g ag a Insurance" means insurance protecting Lender against the nonpayment o1 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 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 HA L L (Name of.Recording Jurisdiction): LOT ONE (1) , BLOCK THREE (3) , ELM PLACE ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND ITS COMPLEMENT DESCRIBED AS FOLLOWS: A TRIANGLE PIECE OF GROUND IN THE SOUTHWEST CORNER OF LOT TWELVE (12) , IN THE COUNTY SUBDIVISION OF THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE1/4SW1I4) OF SECTION SIXTEEN (1 6) , I N TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. , HALL COUNTY, NEBRASKA DESCRIBED AS FOLLOWS: COMMENCING AT THE IRON PIN IN THE SW CORNER OF SAID LOT 12, THENCE RUNNING NORTH ALONG THE WEST SIDE OF SAID LOT, 16.7 FEET; THENCE SOUTH ON A LINE PARALLEL WITH THE WEST LINE OF BLOCK 3, IN ELM PLACE ADDITION, 19.2 FEET TO THE SOUTH SIDE OF SAID LOT 12; THENCE WEST 9.5 FEET ALONG SAID SOUTH LINE TO THE POINT OF BEGINNING, BEING A RIGHT ANGLE WITH A BASE 19.2 FEET. Parcel ID Number: 4 0 012 8 0 0 4 which currently has the address of 1303 W DIVISION ST (Street) Grand Island (City), Nebraska 6 8 8 01 (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." 24004613 NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUM ENT Form 3028 1/01 VMP 0 VMP6(NE)(1 105) Wolters Kluwer Financial Services Page 3 of 17