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200303422 (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 et seq.) and its implementing regulation, Regulation X (24 C.P.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 (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 [Type of Recording ]urisdution] [Na. of Recording muss ettonl A certain part of the Northeast Quarter of the Southwest Quarter (NEI /4 SW1/4) of Section Twenty Four (24), in Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska, more particularly described as follows: Beginning at a point on the east line of said SWl /4 of said Section 24, 630 feet south of the Northeast Corner thereof-, running thence due west parallel with the north line of said quarter section for a distance of 163 feet; running thence due south parallel with the east line of said quarter section for a distance of 90 feet; running due east parallel with the north line of said quarter section for a distance of 163 feet, and running thence north on the east line of said quarter section for a distance of 90 feet to the point of beginning, Excepting a certain tract therefrom as recorded in Warranty Deed in Book 106, Page 167 in the Register of Deeds Office. Parcel ID Number: 400150727 which currently has the address of 1216 CLAVDE ROAD ISueet] GRAND ISLAND [City], Nebraska 68803 [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. muiar. Q-61NEI asam of Page a or 15 Form 3028 1/01