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200105157 (P) 'Periodic Payment' meansthe regularly scheduledamountdue for (i) principaland interestunderthe Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA' means the Real EstateSettlementProceduresAct (12 U.S.C. Section2601 et seq.) and its implementingregulation ,RegulationX (24 C.F.R. Part 3500), as they might be amendedfrom time to time,or any additionalor successorlegislationor regulationthat governs the same subjectmatter.As used in this Security Instrument;'RESPA "refersto all requirementsind restrictionsthat are imposedin regard to a "federallyrelatedmortgageloan" even if the Loan does not qualify as a "federallyrelatedmortgage loan" under RESPA. (R) "Successor in Interest of Borrower" meansany party that has takentitle to the Property,whetheror not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modificationsof the Note; and (ii) the performanceof Borrower'scovenantsand agreementsunder 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] All that certain parcel of land situate in Hall County, Nebraska, being known as Lot Twenty One (21) Block Fifteen (15), in Ashton Place, an Addition to the City of Grand Island, Hall County, Nebraska. More commonly known as 2614 w. Division Street, Grand Island, NE 68803. Parcel ID Number:p0V914,w 4/40,01-23/40 which currently has the address of 2614 W Division Street, [Street] Grand Island [City], Nebraska68803 [Zip Code] ( "Property Address "): TOGETHERWITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereaftera part of the property. All replacementsand additions shall also be covered by this Security instrument. All of the foregoing is referred to in this Security Instrumentas the " Property." Borrowerunderstandsand agrees that MERS holds only legal title to the interest grantedby Borrowerin this Security Instrument,but, if necessaryto comply with law or custom, MERS (as nomineefor Lenderand Lender'ssuccessorsand assigns) has the right: to exerciseany or all of those interests, including, but not limitedto, the right to forecloseand sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. Initia dM - 6A(NE) (0005) Page 3 of 15 Form 3028 1/01