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200302ss; 200205743 (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (it) any anounts under Section 3 of this Security Instrument. (P) "RESPA" moans the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.A.R. Part 3500), as they might be amended from time in 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 Lon does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" meets any party then has taken title to the Property, whether or not that party has assurned Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY 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 I'LYpe of Recording lurisdictlon] [Nana of Recording Jurisdiction) Part of the Southeast Quarter of the Southeast Quarter (SEl /4SEI /4) of Section 20, Township 11 North, Range 9 West of the 6th P.M., Hall County, Nebraska, more particularly described as folows: Beginning at the Southeast comer of Bel -Air Addition to the City of Grand Island, Nebraska; thence in a Southerly direction along and upon the East line of the SEl /4SEI /4 of said Section 20, for a distance of 225 feet to the actual point of beginning; thence continuing on said line in a southerly direction for a distance of 85 feet; thence turning and mining Westerly parallel to the South line of said Section 2O, a distance of 115 feet thence turning and running Northerly on a line parallel with the East line of the SE114SEI /4 of said Section 20, a distance of 85 feet; thence turning and running Easterly parallel to the South line of said Section 20, a distance of 115 feet to the point of beginning Parcel ID Number: 400146797 which currently has the address of 1823 S Arthur ISU-11 Grand Island [cirri, Nebraska 68803 MY, codcl ( "Property Address "): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a pan 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 COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 1583556823 tai o BINEI r000a, a,a• a m i e Form 3028 1101