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200214022 (0) "Periodic Payment" means the regularly scheduled amount due for L) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Fstate Settlement Procedures Act (12 U.S.C. Section 2601 et sell.) and its implementing regulation, Regulation X (?A C,F_R. Part 3500), is they might be amended from time to time, or any additional or successor legislation or regulation that governs the sanm subject matter. As used in this Security Instrument, " RESPA" refers to all requirements and restrictions that are imposed in regard to a " fcdcrally related mortgage loan" even if the Loan dues not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" nmans any party that has taken title to the Properly, whether or not that party has assumed Borrower's obligations under 0m Note and/or this Security Instrument. TRANSFER 01; RIGHTS IN THE PROPERTY 'Phis Security Instrunmnt 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 covenants and agia:mcnts under this Security Instrument and the Note. For Otis purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall ITSrr' of Redortrns turfed d[ian Ir,nn e of Remrdinp hn iwtidianl Lot Twelve (12), in Block Twelve (12), in Ashton Place, an Addition to the City of Grand Island, Hall County, Nebraska. Parcel ID Number 400011867 which currently has the address of 2523 W FIRST ST [smell GRAND ISLAND [c,e], Nebraska 68803 L.,Codel ( "Property Address")' TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurhuemrca, 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 S.urny lustrument as the "Property." 130RROWER COVENANTS that Borrower is lawfully seised of the estate herchy conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of reumL Bieiu,m warrants and will defend generally the title fo the Property against all claims and demands, subject to any encumbrances of record. - 61NE1',00asta IA 11 Form3028 9/01 E