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200411073 (P) 'Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section "3 of this Security Instrument. (Q) 'RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) '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. 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 [Type of Recording Jurisdicfion] [Name of Recording Jurisdictionl Part of Block Ten (10), of Morris Fifth Addition to the City of Grand Island, Hall County, Nebraska, described as follows: Beginning 70 feet Easterly of the Northeast corner of Lot One (1), Block Seven (7), Morris Fifth Addition on the Southerly line of extended 18th Street; thence Easterly a distance of 70 feet along and upon the Southerly line of extended 18th Street; thence Southerly and parallel to the East line of said Lot One (1), Block Seven (7), Morris Fifth Addition, a distance of 130 feet; thence Westerly parallel to the South line of extended 18th Street, a distance of 70 feet; thence Northerly and parallel to the East line of said Lot One (1), Block Seven (7) Morris Fifth Addition, a distance of 130 feet to the point of beginning Parcel ID Number: 507 East 18th Street Grand Island ( "Property Address "): which currently has the address of [Street] [city], Nebraska 68801 [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 18171981 18171981 fpmitia�a: l (M- 6A(NE) (0005).01 Page of 15 Form 3028 1101