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202402755 <br />13701872 <br />Note, plus (ii) any amounts under Section 3. <br />(U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE <br />PROPERTY." <br />(V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or <br />occupancy of the Property by a party other than Borrower. <br />(W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its <br />implementing regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or <br />any additional or successor federal legislation or regulation that governs the same subject matter. When used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that would apply to a <br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" <br />under RESPA. <br />(X) "Secretary" means the Secretary of the United States Department of Housing and Urban Development <br />or his designee. <br />(Y) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />(Z) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the <br />Property is located, as it may be amended from time to time, or any applicable additional or successor <br />legislation that governs the same subject matter. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors <br />and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender (i) the <br />repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (ii) the performance <br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, <br />Borrower irrevocably grants and conveys to Trustee, IN TRUST, WITH POWER OF SALE, the following <br />described property located in the COUNTY of HALL: <br />LOT ONE (1), HIGHLAND NORTH SECOND SUBDIVISION, TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA. <br />which currently has the address of 4201 WILDER AVE, GRAND ISLAND, Nebraska 68803 ("Property <br />Address"); <br />TOGETHER WITH all the improvements now or subsequently erected on the property, including <br />replacements and additions to the improvements on such property, all property rights, including, without <br />limitation, all easements, appurtenances, royalties, mineral rights, oil or gas rights or profits, water rights, and <br />fixtures now or subsequently a part of the property. All of the foregoing is referred to in this Security <br />Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the <br />interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, <br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of <br />those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any <br />action required of Lender including, but not limited to, releasing and canceling this Security Instrument. <br />FHA Nebraska Deed of Trust <br />no 26143.4 <br />Initials: <br />01/2023 <br />Page 4 of 20 <br />