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200316217
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U. S.C. Section 2601 et seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to
<br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used
<br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard
<br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage
<br />loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or
<br />not 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 Instrument secures 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 />County of HALL
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Parcel 1: Lot Twenty (20), Block Fourteen (14), Ashton Place, an Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />Parcel 2: The Easterly One Half (El /2) of Lot Four (4), in Fractional Block Three (3), Original Town,
<br />now City of Grand Island and also the Westerly Ten (10) feet of the full lot formed by Fractional Lot
<br />Three (3), Fractional Block Three (3) Original Town, now City of Grand Island and its complement,
<br />Fractional Lot Three (3), of Nagy's Addition to the City of Grand Island, Hall County, Nebraska.
<br />Parcel 3: The South 1/3 of Lot Eleven (11), and all of Lot Thirteen (13), Block Three (3), College
<br />Addition to West Lawn, City of Grand Island, Hall County, Nebraska, EXCEPT a tract of land being
<br />part of said Lot 11, more particularly described as follows: Commencing at the Southeast corner of the
<br />North 2/3 of Lot 11, Block 3, College Addition to West Lawn, in the City of Grand Island, Nebraska,
<br />thence West along the South line of said North 2/3 of said Lot 11 to the Southwest corner of said North
<br />2/3 of said Lot 11, thence South parallel to the East line of said Lot, 10 feet, thence East on a line
<br />distance 10 feet from the South line of the said North 2/3 of said Lot 11 to the East line of said Lot 11,
<br />thence North 10 feet to the place of beginning.
<br />Parcel ID Number: 400012030/400000032 /400033216 which currently has the address of
<br />2616 W 1ST ST /405 E 7TH ST/2408 N GRAND ISLAND AV [street]
<br />GRAND ISLAND [city], Nebraska 68801 [Zip Code]
<br />( "Property Address "):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances
<br />of record. Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject to any encumbrances of record.
<br />/J[ 229628
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<br />(M-6(NE) (00o5) Page 3 of 15 Form 3028 1101
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