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20020545S (0) 'Periodic Payment' means the regularly scheduled amount due for (i) principal and interest under the Note, plus (it) any amounts under Section 3 of this Security Instrument. (P) 'RESPA" nneans 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 he 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, "RL'SPA" 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 loci' 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 RIGHT'S IN'JTIE PROPERTY This Security Instrument secures to Tender: (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 wider 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 Racording JU ometion] [Name of Reeordina Jurisdiction] LOTS SEVEN (7) AND EIGHT (8), BLOCK ONE (1). LAMBERT'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA EXCEPTING THEREFROM THE SOUTHERLY ONE HUNDRED FEET (100') FROM SAID LOTS SEVEN (7) AND EIGHT (8). Parcel ID Number 400059282 which currently has the address of 915 NORTH WHITE [stieotl GRAND ISLAND [CrryL Nebraska68803- 4451 1zip Code] ( "Property Address ")' TOGETHER WITH all rile improvements now or hereafter erected on the property, mud 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 gram and convey the Property and that the Property is unencumbered, except for encumbrances of record. Btrmwcr wau'rants mud will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. 229132 a_ (M GM E) (oms) vopea if � form 3028 1101