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202301105 (T) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3. (U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE PROPERTY." (V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/ or occupancy of the Property by a party other than Borrower. (W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or any additional or successor federal legislation or regulation that governs the same subject matter. When used in this Security Instrument, "RESPA" refers to all requirements and restrictions that would apply to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (X) "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. (Y) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the Property is located, as it may be amended from time to time, or any applicable additional or successor legislation that governs the same subject matter. 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 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: Fractional Lot Five (5), in Block Twenty -Five (25), in Wiese's Addition to the City of Grand Island, Nebraska, and its complement to -wit: Fractional Lot Five (5), in Fractional Block Twenty -Five (25), in Charles Wasmer's Addition to the City of Grand Island, Nebraska, and in Wasmer's Annex to First Addition all as surveyed, platted, and recorded; the whole making a rectangular lot having a Northerly frontage of 54 feet on Koenig Street and a depth of 132 feet on Adams Street to the alley in said Block, all in Hall County, Nebraska. Parcel ID Number(s): 400139294 which currently has the address of 1221 W Koenig St, Grand Island, Nebraska 68801 ("Property Address"); TOGETHER WITH all the improvements now or subsequently erected on the property, including replacements and additions to the improvements on such property, all property rights, including, without limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and fixtures now or subsequently a part of the property. All of the foregoing is referred 2201545595 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Wolters Kluwer Financial Services, Inc. 2023030723.1.0.4864-J20221124Y 1 Form 3028 07/2021 10/2022 Page 4 of 22 p.