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200411598 (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 SettlementProceduresAct (12 U.S.C. Section 2601 et seq.) and its implementingregulation ,RegulationX (24 C.F.R. Part 3500), as they might be amendedfrom time to time, or any additionalor successor legislation or regulationthat governs the same subject matter.As used in this Security Instrument, "RESPA" refers to all requirementsand restrictions that are unposed 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 thathas takentitle 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 PUBLIC RECORDS of HALL COUNTY [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] LOT ONE (1), KAMY SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number: 3204 KNIGHTS RD GRAND ISLAND ( "Property Address "): which currently has the address of [Street] [City] , Nebraska 6 8 8 0 3 [Zip Code] TOGETHERWITH all the improvementsnow or hereaftererectedon the property, and all easements, appurtenances,and fixtures now or hereaftera part of the property. All replacementsand additions shall also be covered by this Security Instrument.All of the foregoing is referredto in this Security Instrumentas the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrowerin this Security Instrument,but, if necessary to comply with law or custom, MERS (as nomineefor 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. Initials: ' J-4b - 6A(NE) pom) Page 3 of 15 Form 3028 1/01