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200211808 (0) 'Periodic Payment" means the regularly scheduled meant 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 (n) 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 North Half of the Southwest Quarter (NI /2SW1 /4) of Section Thirty Two (32), Township Twelve (12) North, Range Nine (9) West of the 6th P.M., in Hall County, Nebraska more particularly described as follows: Beginning at the Northwest corner of the South Half (Sl /2) of Section Thirty One (31), Township Twelve (12) North, Range Nine (9) West; thence southerly along the Westerly Line of said Section Thirty One (31), a distance of Six Hundred Fourteen and Seventy Eight Hundredths (614.78) feet; thence deflecting left 90 Degrees 24' 40" and running easterly, a distance of One Thousand Four Hundred Thirty Seven and Seventy Nine Hundredths (1,437.79) feet to the actual place of beginning; thence deflecting left 89 Degrees 29' 50" and running northerly, a distance of Four Hundred Fifty One and Seventy Four Hundredths (451.74) Feet; thence deflecting right 90 Degrees 00' and running easterly, a distance Four Hundred Eighty Three and Eighty Four Hundredths (483.84) feet; thence deflecting right 85 Degrees 09' 10" and running southeasterly, a distance of Five Hundred Eighteen and Fifty Nine Hundredths (51859) feet thence deflecting right 94 Degrees 50' 50" and running westerly, a distance of Five Hundred Twenty Seven and Sixty Six Hundredths (527.66) Feet thence deflecting right 90 Degrees 00' and running northerly, a distance of Sixty Five (65.0) feet to the actual point of beginning. Parcel ID Number: 400187175 which currently has the address of 3501 N WEBB RD [seat] GRAND ISLAND [ city], Nebraska 68803 - 1355 [Zip Code] ("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 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. "1 V rr- \ � nar 1. /1 229254 (M -6(NE) N0p5) Popsy of U Form 3028 1161 ® J V�