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200206071 (P) "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. (Q) "RESPA" means the Real Estate Senhade rt ProceduresAct (12 U.S.C. Section 2601 cl sc+) and its implcmcnlingregulaion, Regulation X (24 C.F.R. Part 3500), as they might be amendedfrom time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security histrument, "RESPA" refers to all requirementsand restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does our qualify as a "federally related mortgage loan" under RILSPA. (R) '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 The beneficiary of this Security hretrumenl is MFRS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. This Security Inslrumunt secures to Lender: O the rcpaymcnt of the Loan, and all renewals, extensions and modifications of the Note; and (it) the performanceof Borrower's covenants and agreements under this Security Instrument and the Nulc. 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 lo, wrding lurtmiatonl INan,e of Recording lu,ioli, ton] LOT SIX (6) IN BLOCK ONE HUNDRED TWENTY -ONE (121) IN KOENIG AND WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Parcel ID Number: 400056275 916 WEST DIVISION STREET GRAND ISLAND ( "Property Address "): which currently has the address of [Srreee] 1CLol, Nebraska 68801- IzlpCode] TOGETHER WITH al[ the improvements now or hereafter erected on the property, and all easements, appurlcnanc es, mid fixtures now or hereafter apart of the properly. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security lnstrumentas the "Property." Burrower underslandsand agrees that MFRS holds only legal title to the inicresl granted by Borrower in this Security Instrument, but, if ncccssary to comply with law or custom, MERS (as nominee for Lenderand Lcndcr's succ ssors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and In take any action required of Lender including, but not limited to, releasing and canf� ling this Security Instrument. _ 1/ - 6ArNEi iooaei P•e=s "r is 'R1 Form3028 1101 oos rver