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200305727 (P) "Periodic I'aytnent" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) mry amounts under Section 7 of this Security Instrument. (Q) 'RESPA" means the Rtal Estate Settlement Procedures Act (l2 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 tiny additional of successor legislation or regulation that governs the same subject matter. As used in this Security Insmmsnl. . "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. (R) "Successor in Interest of Borrower" ineues 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 RIGI II S IN THE PROPER Ty The beneficiary of this Security Instrument is MFRS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. This Security Instrument s cures to Lender. (i) the repayment of the Loan, and all renewals, extensions mid modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Scurity Inatrumcin and the Note. For this purpose, Borrower irrevocably grants and conveys to Triutcc, in trust, with power of sale. the following described property located in the of Hall fit,,fli -111c Jurlsdicnon] NaI erK,—u! gLaisdieti —I The East 52.8 Feet of Fractional Lot Eight (8) , in Fractional Block Twenty One (21) , Ro.sel Wheeler's Addition and its complement Fractional Lot Nine (9), in Fractional Block One (1), H.G. Clark's Addition, City of Grand Island, Hall County, Nebraska.. Parcel ID Number. k 400029766 704 West 10th Street Grand Island ( "Property Address which currently has the address of tsuccq IC,n 1, Nebraska 68801 [zip Cnde] 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 ik(, he covered by this Security Instrument All of the foregoing is referred to in this Scurity Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest enlnmd by Borrower in this Scurity Instrument, but, if necessary to comply with law or custom, MERS (tis nominee fur Lender and Lender's successors and assigns) has the right: to exercise any or all of thus. iuterests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument 03 -02- 000094 ma,ell �6A iNEI muu,i o, ague a of t s Form 3028 1101