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201406331 <br /> (N) "Mortgage InsuranCe" means insurance protecting Lender against the nonpayment of, or default on, the <br /> Loan. <br /> (0) "Periodic Payment" means the regulazly 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 Rea1 Estate Settlement Procadures Act(12 U.S.C. Section 2601 et seq.)and its <br /> implementing regularion, Regulation X(12 C.F.R Part 1024), as they might be amended&om 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 Irrterest 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 Se�urity Instrument. <br /> Transfer of Rights in the Property <br /> This Securiry Instrument secures to Lender: (i)the repayment of the L.oan, and all renewais, elctensions <br /> and modifications of the Note; and(ii)the performance of Borrower's covenants�d agrcements 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 properiy located in the <br /> County (Type of Recording Jurisdiction) <br /> of Hall (Name of Recording Jurisdiction): <br /> Located in the City of Graad Island, County of Flall, State of Nebraska; Lot <br /> Eleven (11) , ia Jack Voss Subdivision, Hall County, Nebraska. <br /> Parcel ID Number:400164744 wluch currently has the address of <br /> 4304 CLAUSS�i ROAD (Street) <br /> Grand Island (City), Nebraska 68803 (Zip Code) <br /> ("Property Address"): <br /> TOGETHER WITH all the improvements now or hereafter erectefl on the property, and all easements, <br /> appurtenances, and fvrtures now or hereafter a part of the properiy. All replacements and additions shall also be <br /> covered by this Security Instrument. All of the foregoing is referred to in this Security Instruinent as the <br /> �� �� <br /> Property. <br /> 2300342829 D VBNE <br /> NEBRASKASingle Family-Fannie Mce/Fr�die Mac UNIFORM INSTRUMENT Form 302$1/01 <br /> VMP(� VMPB(NE)(13021 <br /> Wohera Kluwer Financi�Services Pape 3 of 17 <br />