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20031646'7 (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2661 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 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 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 County of HALL [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] A tract of land comprising apart of the South Half of the West Quarter of the Southwest Quarter of the Southeast Quarter (S1/2W1/4SW1/4SE1/4) of Section Eighteen (18), Township Twelve (12) North, Range Eleven (11) West of the 6th P.M., in Hall County, Nebraska more particularly described as follows: Beginning at the southwest corner of said Southeast Quarter (SE1 /4); thence northerly along the west line of said Southeast Quarter (SE1 /4), a distance of Two Hundred Seventy-Nine and Four Tenths (279.4) feet to a point Three Hundred Seventy-Eight (378.0) feet south of the north line of said South Half of the West Quarter of the Southwest Quarter of the Southeast Quarter (S1 /2W1 /4SW1 /4SE1/4); thence easterly along a line Three Hundred Seventy-Eight (378.0) feet south of and parallel to said north line of the South Half of the West Quarter of the Southwest Quarter of the Southeast Quarter (S1 /2W1 /4SW1 /4SE1/4) a distance of One Hundred Sixty-Five and Five Tenths (165.5) feet; thence southerly, a distance of Two Hundred Seventy-Nine and Twenty-Seven Hundredths (279.27) feet to the south line of said Southeast Quarter (SEl /4); thence westerly along the south line of said Southeast Quarter (SE1 /4), a distance of One Hundred Sixty -Five and Thirty -Six Hundredths (16536) feet to the place of beginning Parcel ID Number: 400190974 13488 WEST 1R RD CAIRO ( "Property Address "): which currently has the address of [Street] [City] , Nebraska 68824 - 9469 [zip Code] 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 COVENANTS that Borrower is lawfully seised 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 demands, subject to any encumbrances of record. 229627 Initials: -6(NE) (0005) Page 3 or 15 Form 3028 1 /01 y - x