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200214581 (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (if any amounts under Section 3 of this Security Instrument. (Q) "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 he =ended 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 murtgugc loan" under RESPA (R) Nuecessor in Interest or 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 ML'RS. This Security Instrument 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 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 of Hall th n s pp, onm, "rmau irn.mcu... Ivan „c „f Rz,” d hvisdiumnl Sub, Lot 2, Blk 1, Hall County, Nebraska Parcel ID Number: which currently has the address of 908 S. Greenwich [srwt] Grand Island [C,ol, Nebraska 68801 [Zip Cod,] ( "Property Address "): TOGETHER Will] all the improvements now or hereaRcr erected on the property, and all easements, appurtenances, and I1XIUrCS new 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 ,, custom, MFRS (as nominee for Lender and Lender's successors and 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; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. "I,aI6 02 -11- 000159 (M- 6AINE) i000stot rages or 11 Form 3020 1101