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2� 17��491 <br /> �N� "Martgage lnsurance" mean��nsuran.ce�arote�t�ng L�nder agains��h�nonpa�men�af, �r defauit on, �h� <br /> Loan, <br /> t�� "Perifldic Payment" xneans�he r�gu�arly scheduled amoun�due for��}princ�pa� and �nterest un�.er the <br /> No�e, p�us �ii} any amaun�s under Sect�on 3 of this Se�uri��r�nstrument. <br /> 4 P� "RES PA" means the R eal Es�a�e Se��lemen�Procedures Ac���� U.S.�. �ec�ion Z6�1 e�seq.} and ��s <br /> imp�ernent�ng regu�a�ian, Regulat�an� �12�.F.R. Par� 14�4}, as �hey might be amended fram�ime�o ��me, <br /> or an�additiona� or suc�essor�egis�a�ifln or regulation��.at governs the sam�sub�ect matter. As used in�h�s <br /> Securi�y �nstrument, "RESPA" refers to a�� requirements and restric�ions�ha�are impos�d�n regard to a <br /> "federa���r r��ated martgage loan" e�ren if the L,�an does no� qual�f�as a "federally re�ated mortgage Ioan" <br /> under RESP.A. <br /> �C�� "Successor in tnterest of Borr�wer" means any par�y that has�aken�i��e�o�h�Prap�r�y, wheth�r or no� <br /> that par��has assumed Borrowe�r's ob�iga�ions under the No�e andlor���s Security �n5�rurnent. <br /> Transfer of Rights in th� Property <br /> Th�s Security�ns�runr�ent s�ures�o Lender: �i� �h�repayrnen�of�he Laan, and a��renev�a�s, extens�ons <br /> and modifica�xons of�he No�e; and���}the p�rformance of Borr�wer's covenants and agre�m.en�s under <br /> �his Se�uri�y Ins�rumen�and�he Not�. For th�s purpose, Borr�wer�rre�ocab�y gran�s and�o��eys <br /> to Tru��ee, in trust, wi�h pov�er of sale, the f���owi�g described proper�� �ocafied in t�ie <br /> C�unty (T�p�of Re�ording Ju�'isdiction} <br /> of ���� (t'I�am�o�f I�ecarding Jurzsdiction�: <br /> Lot Eight �8) , �xc��t th� East Thre� �3� , Fe�t thereaf, in B1ock Thr�� (3� , in <br /> Cunn�ngha�n Subdi�i si an, i n the Ci ty of Grand I s�and, F�a�1 Caunty, Nebraska and <br /> that part of vacated aliey m�re part��ularly d�scribed in Drdinance No 8371, <br /> Fi1ed Apri� 1, 1998 in the Re�ister of �eeds �ffice as Do�ument No. 98-�.�3�11. <br /> P�rcel ID Number:400�����4 �vhich current�y has the addre�s of <br /> �4�3 I� 7.5 t h S t (S�reet} <br /> G r�nd I s�and �City}, Nebraska 688�3 {�ip Code} <br /> �"Proper�y Address"�; <br /> '���ET��R'i�V�'�H aI��he�m�prav�ments naw or hereaf�er�rected�n the property, and a�� easen�.en�s, <br /> ��pur�enan�es, and ���ures naw or hereafter a par�of the praperty. Al� replacements and addi�ions shall alsa b� <br /> cover�d by this Secur�t��ns�rum�nt. A��flf���foregoing is referred�o in this S�curity �ns�rument as the <br /> "Proper�y." <br /> NEBRASKA-Sing#�Family-Far�ni�MaelFreddie Mac UNiF�RM lNSTRUM�NT Form 3�28'11a1 <br /> VMP[� VMPfi�N�=[13��f <br /> Wa#ters lC�uwer Financial 5er�ices Pag�3 of 17 <br />