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200313743 <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interestunder the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement ProceduresAct (12 U.S.C. Section 2601, et seq.) and its <br />implementingregulation, RegulationX (24 C.F.R. Part 3500), as they might be amendedfrom time to time, <br />or any additionalor successor legislation or regulationthat governs the same subject matter.As used in this <br />Security Instrument, "RESPA" refers to all requirementsand restrictions that are imposed in regard to a <br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" <br />under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and /or this Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrumentsecures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />PUBLIC RECORDS of HALL COUNTY <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction] <br />LOT THREE (3) ROSS AND ASHTON PARK, LOCATED ON AND BEING A PART <br />OF LOTS 14 AND 18 OF COUNTY SUBDIVISION OF WEST HALF OF THE <br />SOUTHWEST QUARTER (W 1/2 SW 1/4) AND A PART OF EAST HALF OF THE <br />SOUTHWEST QUARTER (E 1/2 SW 1/4) OF SECTION 15, IN TOWNSHIP 11 <br />NORTH, RANGE 9 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA <br />Parcel ID Number: 400085755 <br />303 E ASHTON AVE <br />GRAND ISLAND <br />( "Property Address "): <br />which currently has the address of <br />[Street] <br />[City] , Nebraska 6 8 8 01 [Zip Code] <br />TOGETHERWITH all the improvementsnow or hereaftererectedon the property, and all easements, <br />appurtenancesand fixtures now or hereaftera part of the property. All replacementsand additions shall also <br />be covered by this Security Instrument.All of the foregoing is referredto in this Security Instrumentas the <br />"Property." <br />BORROWERCOVENANTSthat Borrower is lawfully seised of the estate hereby conveyed and has <br />the right to grant and convey the Propertyand that the Propertyis unencumberediexcept for encumbrancesof <br />record. Borrower warrants and will defend generally the title to the Propertyagainst all claims and demands, <br />subject to any encumbrances of record. <br />InitialI <br />6 {NE) (000s?__ __ Page 3 of 15 11�t Form 3028 1/01 <br />