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200214001 <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U,S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might he anncnded from time to <br />rime, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESPA. <br />((y "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that parry has assumed Borrower's obligations under the Note and /or this Security lo,VUmcnt. <br />'TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modification, of the Note; and (it) the performance of Borrower's covenants and agreements under this <br />Security Instrument and [lie Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of ,ale, the following described property located in the <br />County of Hall - <br />[I ,, of Re,ding Ju,,di, it I Name m R<wrding Jac,d¢ no al <br />LOT TWO (2), WESTWOOD PARK FOURTH SUBDIVISION, IN THE CITY OF GRAND <br />ISLAND, HALL COUNTY NEBRASKA <br />Parcel 11) Numhce 400392550 <br />4008 W FAIDLEY AVENUE <br />GRAND ISLAND <br />( "Property Address <br />which currently has the address of <br />Istraq <br />1( ,,1, Nebraska 68803 Iltp( &] <br />TOGETHER WITH all the impravemcnts now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereaher a earl of the property. All replacements and <br />additions shall also be. covcmd by this Security Instrument All of the foregoing is referred to in this <br />Security Instrument as the "Property -" <br />BORROWER COVENANTS that Borrower is lawfully aei,ed of the estate hereby ccrueyed and has <br />the right to grant and convey the Property and that the Property is unencumhercd, except for encumbrances <br />of mcord. Borrower warrants and will defend generally the title to the Property against all claims and <br />demands, sie jm;t to any encumbrances of record. <br />4 (aNE) vua.';.oi rv.g.... ,r _ " � iom13028 VOt <br />