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200214551 (P) "Periodic Payment' means the regularly scheduled amount due for (i) principal mid interest under the Note, plus (ii) any amounts tinder Section 3 of this Security Instrument. (Q) "RESPA" meats 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 mnended 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 mid restrictions that are imposed in regard to 6 "federally related mortgage loan" even if the Loan 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 assumed 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 and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loa, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Truster, in trust, with power of sale, the folluwing described property located in the County of Hall II y, or Retard Ing ludcdiehonl Name of Retarding Jurisdiction] Lot 37, in Jeffrey Oaks Third Subdivision in the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400367696 which currently has the address of 4040 Norseman Ave. ISVeel Grand Island Iehy), Nebraska 68803 CLIP codel ( "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 and Lender's successors mid assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; mid to take any action required of Lender including, but not limited to, refusing and canceling this Security Instrument. 02- 10- 000199 ®-6A(NE) moosrm rase ons Form 3038 1101 C5 1