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200511688 (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 V.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 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] PART OF LOT 3, FRACTIONAL BLOCK 23, BAKERS ADDITION TO GRAND ISLAND, HALL COUNTY, NEBRASKA, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWESTERLY CORNER OF SAID LOT 3, THENCE EASTERLY ON THE NORTH LINE OF SAID LOT FOR A DISTANCE OF 39.94 FEET, THENCE SOUTHERLY APRALLEL WITH THE WESTERLY LINE OF SAID LOT A DISTANCE OF 76.2 FEET; THENCE EASTERLY PARALLEL WITH THE NORTHERLY LINE OF SAID LOT A DISTANCE OF 3 FEET; THENCE SOUTHERLY PARALLEL WITH THE WESTERLY LINE OF SAID LOT A DISTANCE OF 55.8 FEET TO THE SOUTHERLY LINE OF SAID LOT; THENCE WESTERLY ON THE SOUTHERLY LINE OF SAID LOT 3 A DISTANCE OF 42.94 FEET TO THE SOUTHWESTERLY CORNER OF SAID LOT; THENCE NORTHERLY ALONG THE WESTERLY LINE OF SAID LOT A DISTANCE OF 132 FEET TO THE PLACE OF BEGINNING AND THE EASTERLY 10 FEET OF LOT 4, FRACTIONAL BLOCK 23, IN SAID BAKERS ADDITION TO GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number: 400014599 2311 W 1ST ST GRAND ISLAND ("Property Address"): which currently has the address of [Street] [City], Nebraska 68803-5306 [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. G-6(NE) (0407),01 (!l paga 3 of 15 r/ .--, JnjtiaIS:~ Y/J 0110244146 Form 3028 1/01