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200411401 (P) "Periodic Payment" means the regularly scheduled amount due for 0) principal and intcrUst under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 H.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.E.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 of this Security lnstmment, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even it the Loan does not quality 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 I.euder's successors and assigns) and the successors and assigns of MFRS. This Security Instrument secures to Lender (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (if) the performance of Borrower's covenants and agrcunents under this Security insuwnent and the Note- For this purpose, Borrower irrevocably grants and conveys to Trustee, in mist, with power of sale, the following described property Located in the County of Hall tTypc of ti,,voNing ]uriadi¢ionl [Nam of Recording lurodictimhl THE EAST THIRTY -BIGHT (38) FEET OF LOT TWO (2) AND THE WEST FORTY -TWO (62) FEET OF LOT THREE (3), BLOCK THREE (3), PLEASANT VIEW THIRD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number County: 400079534 City: which currently has the address of 921 EAST OKLAHOMA ISovdl GRAND ISLAND LCityl ,Nebraska 68801 [ZipOodel ( "Property Address "): 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 lnatmment as the "Property." Borrower understands and agrees that MFRS holds only legal title to the interest granted by Borrower in this Security Lnstruuient, but, if necessary to comply with law or cusuro, MERS (as nominee for Lendcr 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, Massing and canceling this Security Instrument. 0051779932 .mush. (M 6A(NE) i0a0n Pepe Sans Form 6026 1/01