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20010.3105 (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. Pan 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 of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] A tract of land located in the Southeast Quarter of the Northwest Quarter (SE1 /4NW1 /4) of Section Twenty-one (21), in Township Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, more particularly described as follows: Beginning at a point on the South side of Anna Street in the City of Grand Island, Nebraska, 15 feet East of the West side of Jackson Street, extended Southerly, said point is also 1,010 feet Southwesterly from a point where the Southerly line of Anna Street intersects the East line of the Southeast Quarter of the Northwest Quarter (SE1 /4NW1 /4) of said Section 21; running thence in a southeasterly direction parallel with the Westerly line of Jackson Street as extended a distance of 275 feet; thence running right 90° in a Southwesterly direction 90.4 feet to a point of beginning, thence in a Southwesterly direction 90.4 feet; thence running right 90° along a line parallel with the West line of Jackson Street, as extended, a distance of 127 feet; thence right 90° along a line parallel with the South line of Anna Street 90.4 feet; thence right 90 °, 127 feet to the point of beginning, being a tract of land 127 feet by 90.4 feet. Parcel ID Number: 400147009 1710 w OKLAHOMA GRAND ISLAND ( "Property Address "): which currently has the address of [Street] [City] , Nebraska 68803 [zip Code] 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." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. -6(NE) M0051 Page 3 of 15 Initials: 01- 03 -05- 000008 Form 3028 1/01