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<br />200510779 <br /> <br />the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or <br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. <br /> <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus <br />(ii) any amounts under Section 3 of this Security Instrument. <br /> <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. g2601 et seq.) and its implementing <br />regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor <br />legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all <br />requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not <br />qualify as a "federally related mortgage loan" under RESP A. <br /> <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party <br />has assumed Borrower's obligations under the Note and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneficiary of this Security InstrUment is MERS (solely as nominee for Lender and Lender's successors and assigns) and <br />I <br />the successors and assigns of MER~. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all <br />renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the No~e. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with <br />power of sale, the following describefi property located in the <br />County i of HALL <br />[Type of Recording Jurisdiction} [Name of Recording Jurisdiction] <br /> <br />A PART OF THE soorHWEST QUARTER OF THE SCX1l'HWEST QUARTER(SW1/4SW1/4) OF <br />SECI'ION FIVE (5), TCMNSHIP NINE (9) NORTH, RANGE NINE (9), WEST OF THE 6TH P. M. , <br />IN HALL COUNl'Y, ~SA, MORE PARTICUlARLY DESCRIBED AS FOLlOWS, TO-WIT: <br />BEGINNING AT A POINI' FQRTY(40) FEET WEST OF THE NORTHWEST CORNER OF IDT <br />FIVE (5) IN BIDCK ONE ( 1) OF GIDOON' S ADDITION TO THE VILLAGE OF OONIPHAN, <br />NEBRASKA; RUNNING THE;NCE WEST ONE HUNDRED EIGHTY-'IWJ( 182) FEET; THENCE SOUTH <br />NINETY(90) FEET; THENCE EAST ONE HUNDRED EIGHTY-'IWJ(182) FEET; AND THENCE <br />NORTH NINETY (90) FEET ,TO THE PLACE OF BmINNING. <br /> <br />which currently has the address of <br /> <br />DONIPHAN <br />[City] <br /> <br />, Nebraska <br /> <br />102 S 5TH ST <br />[Street] <br />68832 ("Property Address"): <br />[Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, <br />appurtenances, and fixtures now or 4ereafter a part of the property. All replacements and additions shall also be covered by <br />this Security Instrument. All of tl)e foregoing is referred to in this Security Instrument as the "Property." Borrower <br />understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, <br />if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the <br />right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security Ins ment. <br /> <br />LOAN NUMBER: 5359564 <br /> <br />Nebraska Deed of Trust--8ingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />-THE COMPLIANCE SOURCE, INC.- Page 3 of 13 <br /> <br />www.compli.nc<~u.c...om I m II ~~ III1111 ~~ ~~I ~I~ m~ W I~IIIIII <br /> <br />Initials: <br /> <br /> <br />MERS Modified Form 3028 01/01 <br />14301NE 08100 <br />102000, The Compliance Source, Inc. <br />