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20020519$ (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, 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 Jurisdiction] [Name of Recording Jurisdiction] A tract of land comprising a part of the Southwest Quarter (SW1/4) of Section Twelve (12), Township Nine (9) North, Range Twelve (12) West of the 6th P.M., Hall County, Nebraska and more particularly described as follows: Beginning at the southwest corner of said Southwest Quarter (SW1 /4); thence running northerly, along and upon the west line of said Southwest Quarter (SWi /4), a distance of One Thousand Ninety Six and Eighty Four Hundredths (1,09634) feet; thence deflecting right 90e 00' 00" and running easterly, a distance of Seven Hundred Ninety Nine and Fifty Five Hundredths (799.55) feet; thence deflecting right 90' 00' 00" and running southerly, parallel with the west line of said Southwest Quarter (SWI /4), a distance of One Thousand Eighty Two and Thirty Eight Hundredths (1,08238) feet to a point on the south line of said Southwest Quarter (SWl 4); thence deflecting right 88e 57' 51" and running westerly, along and upon the south line -of said Southwest Quarter (SW1/4), a distance of Seven Hundred Ninety Nine and Sixty Nine Hundredths (799.69) feet to the point of beginning. Parcel ID Number: 4 0 02 2 7 2 31 11813 S 150TH RD WOOD RIVER ( "Property Address "): which currently has the address of [Street] [City], Nebraska 68883 [Zip Code] 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. Initials: ® -6(NE) 100051.01 Page 3 of 15 Form 3028 1/01