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200103346 (P) "Periodic Payment" meats;; the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts und, r Section 3 of this Security Instrument. (Q) "RESPA" means the Rea; 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 lz�gislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that arc imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Forrower" means any, party that has taken title to the Property, whether or not that party has assumed Borrower's obligations undee die Note and /or this Security Instrument. TRANSFER OF RIGHTS IN T! IE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assig!rs) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the rc,taymcnt 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 1 Jote. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with povicr of sale, the following described property located in the COUNTY of HALL ['Type of Recording Jurisdiction) [Name of Recording Jurisdiction[ LOTS 3 and 4, BLOCK 1, DALE ROUSH SUBDIVISION TO THE CITY OF GRAND ISLAND, HALF COUNTY, NEBRASKA. Parcel ID Number: 112 ARAPAHOE AVENUE 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 casements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrmncnt. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to fmcclose and sell the Property; and to take any action required of Under including, but not limited to, releasing and canceling this Security Instrument. 4= 6A(NE) (oolo5) ED 7257315 -00 Initials. Page 3 of 15 Form 3028 1/01