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200305197 (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.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, Harrower 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 lurm&.fioo] - [Name of Recording lurM,aion] A part of the Block Two (2), of Koehler Subdivision located upon a part of the Southeast Quarter of the Southwest Quarter (SEI /4 SWl /4) of Section 15, in Township 11 North, Range 9 West of the 6th P.M., and a part of Lot Fourteen (14) of the County Subdivision of the West Half of the Southwest Quarter (WI /2 SWl 14) of Section 15, in Township 11 North, Range 9 West of the 6th P.M., more particularly described as follows, to-wih Commencing at a point on the North boundary line of said Block Two (2), Ninety Five (95) feet West of the Northeast comer of said Block, running thence South parallel with the West boundary line of said Block for a distance of One Hundred Thirty Five (135) feet to a point on the Northerly boundary line of the belt line of the Chicago, Burlington and Quincy Railroad Company, running thence in a Southwesterly direction, along and upon said Northerly boundary line of said belt line for a distance of 54.9 feet, running thence North parallel with the West boundary line of said block for a distance of One Hundred Seventy Five (175) feet to the North boundary line of said block for a distance of 56.6 feet to the place of beginning, Hall County, Nebraska. Parcel Ill Number: 400055651 which currently has the address of 521 E ASHTON [Wo- dj GRAND ISLAND [Coyl, Nebraska68801- 7801 t2[p Codel ( "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 ail claims and demands, subject to any encumbrances of record. 229419 ®- 8(NE)(om) P'.3 m 15 mm. form 3028 1101