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200409712
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to
<br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used
<br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard
<br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage
<br />loan" under RESPA.
<br />(Q) "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 />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this
<br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdictionl
<br />A tract 66 X 132 feet and being part of vacated Twelfth Street and same being described as commencing
<br />at the Southeast corner of Lot One (1), Block One (1), West Park Addition to the City of Grand Island,
<br />Hall County, Nebraska, thence westerly along and upon the southerly line of said Lot One (1), Block One
<br />(1), West Park Addition to City of Grand Island, Hall County, Nebraska, a distance of One Hundred
<br />Thirty Two (132) Feet to the Southwest corner of said Lot One (1), Block One (1), West Park Addition
<br />to City of Grand Island, Hall County, Nebraska, thence southerly and parallel to the Westerly line of
<br />Custer Avenue, a distance of Sixty Six (66) Feet to the Northwesterly corner of Lot Five (5), Block Eight
<br />(8), West Park Addition to the City of Grand Island, Hall County, Nebraska, thence Easterly along and
<br />upon the northerly line of said Lot Five (5), Block Eight (8), West Park Addition to City of Grand Island,
<br />Hall County, Nebraska, a distance of One Hundred Thirty Two (132) Feet to the Northeasterly corner
<br />of said Lot Five (5), Block Eight (8), West Park Addition to the City of Grand Island, Hall County,
<br />Nebraska, thence northerly along and upon the westerly line of Custer Avenue, a distance of Sixty Six
<br />(66) Feet to the Southeasterly corner of Lot One (1), Block One (1), West Park Addition to the City of
<br />Grand Island, Hall County, Nebraska, the point of beginning.
<br />Parcel ID Number: 400118041 which currently has the address of
<br />1204 N CUSTER AVE [Street]
<br />GRAND ISLAND [city], Nebraska 68803 [zip Code]
<br />( "Property Address "):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances
<br />of record. Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record.
<br />Initials:
<br />-ISME) I000501 Page 3 of 15
<br />m
<br />Form 3028 1/01
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