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200304856 (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 Inxtrmncnt- (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 on 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. (() "Successor in Interest nr Borrower" means any party that has taken title to the Property, whether or not that patty 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 oil 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 rurisdletion] INnme of Recvrdir, rarkdicdan] ALL OF LOT THREE (3) AND THAT PART OF LOT FIVE (5), MORE PARTICGLARY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT 5; THENCE RUNNING SOUTHWESTERLY ALONG THE EASTERLY LINE OF LOT 5, A DISTANCE OF 87 -4 FEET TO THE SOUTHEAST CORNER OF LOT 5; THENCE RUNNING NORTHERLY AND PARALLEL TO THE WEST LINE OF LOT 5, A DISTANCE OF 100.95 FEET TO A POINT ON THE NORTHEASTERLY LINE OF LOT 5; THENCE RUNNING SOUTHEASTERLY ALONG THE NORTHEASTERLY LINE OF LOT 5r A DISTANCE OF 54.1 FEET TO THE POINT OF BEGINNING, ALL IN BLOCK ONE (1), IN KAY DEE SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number 400050854 which currently has the address of 2009 DEL MAR AVE x,a,,Q GRAND ISLAND ICityl, Nebraska 68801 -6312 [zip Codsl ( "Propery Address "): TOGETHER WITH all the improvements now nr hereafter erected on the property, and all easements, appurtenances, mud 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. "r ® -61NE1 �owsm P,g, 3 it 15 — - Form 3028 1/01 9 5