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<br />200600025 <br /> <br />(P) "Periodic: Payment" means the regularly scheduled amoum due for (i) principal and interest under the <br />Note, pl~ (ii) any amounts under S~1ion 3 of thIS Security Instrument. <br />(Q) "RESPA" melln$ the Real Estate Settlement Proced'u.te$ Act (12 V.S.C. Section 2601 ct seq.) and its <br />implcm'-"TILing regulation, Regulation X (24 C.F.R. Part 3500). as they might be amended from time to <br />time, or any additional or Sl,lccessor legislation or rcguIaLion that governs the same subjcct matlL-r. As used <br />in tWs Security In....trument. ~RESPA" refe:rs to all requirements and restricriotJS that arc imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify a.ll .a "federally related mortgage <br />10&2. under RESP A. <br />(R) "Su~r in Interest ot :BonvWf;!r" means any party thai. ha... taken title to the Property, whcth(,'l' or <br />not that party has assumed Borrower's obligations under the Note and/or this Security InstromcnL <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Security InstrwnenI is MERS (solely as nominee fot Lender and <br />Lender's SUCCCS$Ors and assigns) and !he successors and allt-.;gns of MERS. This Security <br />Instrument lleC\Ires to Lender: (i) ilIe repayment of the Loan, aDd all renewals, extCl1$ions <br />and modincations of the Note; and (ii) the performance of Borrower's covenants and agreements under <br />this Security Inst~ and the Note. For this purpose, Borrower irrevocably grants and <br />couveys to Trustcc, in trust, with power of we, the following described property located in the <br />County of HALL <br />JTypc of Recording luril;diction] [Name ofRecordillg lurilldictionJ <br />See L~gal Descript1~n Addendum Page Attached <br /> <br />Parcel ID Number: 400067102 <br />721 CHURCH ROAD <br />GRAND ISLAND <br />(" Property Address"): <br /> <br />which currently h.:"lS the address of <br />[StreetJ <br />[Cityl . Nebraska 68801 [:lip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />eascmcnUl, RPpurtenances. and fixtures now or hereafter a part of the property. All repl.acemenrs and <br />additions shall also be covered by this Security Inst.nuuent. All of the fOregoinllt is referred to in this <br />Secunty Instrument a.~ the ~Propeny.. Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in thil'l Security Instrumeo.t, but, if necessary to comply with law or <br />custom. MERS (&$ nominee for Lender and Lender's successors and assigns) has the right: to exercise any <br />or all of thOl'l/;: interests, including, but not Hmited to, the right to foreclose and sell the Property: and to <br />take any action required of Lender inel1,l(iin,g, but not limitpd to. releasi~~ and canceling this Security <br />Instrument. n J-.)j <br />,:...~-:]Rb 0512096854 <br /> <br />G-6AINE) 104071 Pa~. 30115 Form ;WZS 1/01 <br />@ <br /> <br />~gO.d <br /> <br />WglggZ9l8 <br /> <br />31111 lSHI~ A1IHfiJ3S <br /> <br />~g:8l 900Z-91-J3a <br />