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200303190 (0) "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. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 in 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. (Q) "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 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 luradletion] [Name of Recording Jurisdiction) THE WESTERLY FIFTY -SIX (56) FEET OF LOT SEVEN (7). IN BLOCK NINETY -NINE (99) IN RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY. NEBRASKA AND All of that part of Lot Five (5), in Block Thirty-four (34), in the Original Town, now City of Grand Island, Hall County, Nebraska, described as follows: Commencing at a point on the Westerly Lot line of said Lot Five (5), Fifty-two (52) feet South of the Northwest corner of said Lot Five (5); thence in an Easterly direction, parallel to the North line of said Lot Five (5), a distance of Forty-four (44) feet; thence in a Northerly direction at right angles, parallel with the West line of said Lot Five (5), a distance of said Lot Five (5), a distance of Twelve (12) feet; thence in an Easterly direction, at right angles, parallel to the North line of said Lot Five (5), a distance of Nine (9) feet; thence in a Northerly direction of right angles, a distance of Forty (40) feet to the North line of said Lot Five (5), parallel with the Westerly line of said Lot Five (5); thence in a Westerly direction, a distance ELFifty-three (53) feet to the Northwest corner of said Lot Five (5); thence Southerly along -and upon the Westerly line of said Lot Five (5), a distance of Fifty - two (52) feet to the actual point of beginning. Parcel ID Number: 400080737. 400002779 which currently has the address of 408 W KOENIG ST /409 -411 N CEDAR r. [Sueot] GRAND ISLAND [city], Nebraska 68801 [zip Code] ( "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 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. 229368 mural ®91NE1 (0005) roae3 of 15 �� Porn 3028 1101