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200301079 (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any onwards 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 he amended from time to tittle, 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 mid 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) mid the successors and assigns of MERS. 'Phis Security Instrument secures to Lender: (i) the rcpayn]Cnt of the Loan, and all renewals, extensions and modifications of the Note; and (it) 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 [I Y, of RCCardr, Jansd,cWtj [None of RecorJing hu¢dictionl Lot Three (3) Hidden Lakes Subdivision Number Three, in Hall County, Nebraska Parcel ID Number: 400211483 which currently has the address of 4711 Gunbarrel Place 1st, -,j Grand Island [C n,l, Nebraska 68801 Ilip CA,j ( "Property Address "): 'TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafer 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 MGRS holds only legal title to the interest granted by Borrower in this Security instrument, but, if necessary to comply with law or custom, MFRS (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, releasir(g- anaLoanfeling this Security Instrument. 02 -11- 000222 - BAINEI moosyoi rases of ie Form aOPa 1101