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JUL -30 -2003 WED 04;12 PM FAX N0, 333 200310268 (0) "Periodic payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (h) any amounts under Section 3 of this Security Instrument. e (P) "R>r SPA" moans 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 parry 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. TRANSPER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (1) the repayment of the Loan, and all renewals, extensions and modilications of the Note; and (ii) the performance; of Borrower's covenants and agreements under this Smurity 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 Hie L 1'fytx of Recording Jurisdicdonl [Name of Recording Jurisdiction] LOT 13, BLOCK 1, SOUTHERN ACRES ADDITION TO THE CITY OIL GRAND ISLAND, HALL COU7N` Y, NEBRASKA. *SEE AUJ'CJSTABLE RATE RIDER Parct:l ID Number. 2608 COCHIN GRAND ISLAND ( "Property Address "). which currently has the address of [.%rccT] Miry], Nebraska 68801 (zip Cndc] 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 sliall also be covered by this Security Instrument. All of the foregoing is referred to in this Security 1nsiruntent as the "Property." T30RROWER COVENANTS that Borrower is lawfully scisW 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 demant3,5, subject to my encumbrances of record. (M-co S ME) t000sa i 1� i Po0o3of i5 Inhlas, , Form 3028 1101 P. 12