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200210727 (P) "Periodic Payment" means the regularly scheduled armaud due for (i) principal and interest under the Note, plus (ii) any mnounts under Section 3 of this Security Instrument. (Q) "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. fart 3500), as they might be amended from time to time, or any additional or successor legislation Or regulatim, that governs the same subject matter. As used in this Security Instrument, 'RESPA' refers to all requirements mid restrictions that are imposed in regard to a "federally related mortgage loam" even if the Low, does not qualify as a "federally related mortgage loan" under RESPA. (R) 'Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has awned Borrower's obligations under the Note and /or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors mid assigns) and time successors mid assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loam, and all renewals, extensions mid modifications of the Note; mid (ii) the performance of Borrower's covenants and agreements under this Security Instrument mid time 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 Jurisdicmiool (Name of Recording Jurisdiction] LOTS THREE (3) AND FOUR (4), OF BLOCK TWO (2), IN SOUTH GRAND ISLAND, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel !O Number: 3315 -00 -0- 15410- 129 -0002 which currently has the address of 718 -720 S OAK ST [Suceq Grand Island Icay), Nebraska 68801 [zip Cade] ( "Property Address "): 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 understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender mid Lender's successors and assigns) has the right: to exercise any 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, but not limited to, releasing and canceling this Security Instrument. 17112666 17112666 alibi. ®6AINEI IOOOSyam v.eas om is �{ �yy� Form 3028 1101