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200207531 (P) "Periodic Payment" means the regularly schedutedamountduc for principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "IIFSPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation (24 C.F.R. Pou ;500), as they might be amendedfrom time to Lime, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "R FSPA" refers to all requircmentsand restrictions that are imposed in regard fit a "federally related mortgage loan" even if the Loan does not quality as a "f cteratly related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Properly, whether or not [hat party has assumed Borrower's obligations under the Nolc and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY 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 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 covenant..% and agreements under this Sewrily Instrumcnl and the Note. For this purpose, Borrower irrevocably grants and comes to Trustee, in trust, with power of sale, the following described property located in the ,"CUNTY of HALL [Lymeor Recniaing Jurisdiction] jNnmc ofliecnreing Jur'i itaionj LOT ONE (1) IN FLOCK ONE HUNDRED THIRTY (130) IN UNION PACIFIC RAii,41AY COMPANY'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number: 400097184 which currently has the address of 421 EASE 8TH STREET I [Sneel] GRAND ISLAND [city], Nebraska 68801 ILin COdcl (Property Address'): TO6EFiIER WITH all the improvements now or hereafter erected on the property, and all easements, appurlcnanu:s, and fixtutes now or hereafter a part of the property. All rcplaocmcrosand additions shall also be covered by this Security Instrument. All of the foregoing is referredto in this Security Instrunrentas the "Property." Borrower anderstandsand agrees that MERS holds only legal title to the interest granted by Rorrowcrin [his Security Instrument, but, if necessary to comply with law or custom, MFRS (as nominee for Lenderand Lender's successors and assigns) has the right: to exercise mry or all of those interests, including, but not limited lo, the right to foreclose and sell the Property; and to take any action required of Lender including, bat not limited to, releasing and canceling this Security Instrument. MFNE7770 (1200) / 041- 4953284 - 6G(NE) 11 Form 3028 1101 w