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200601299 (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. ~ 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, "RESP A" 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 RESP A. (R) "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 The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. 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 [Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction] 'Ihe West Fifty (50) Feet of Lot Seventeen (17) and all of lDt Eighteen (18) I except the Westerly Five (5) Feet thereof, all in Hagge's SUl::xlivision, in the City of Grand Island, Hall County, Nebraska. NOW KNOWN AS: Lot Two (2) Hagqes' Second Subdivision, in the city of Grand Island, Hall County, Nebraska Grand Island [City] , Nebraska 1413 W Stolley Park Road [Street] 68801 ("Property Address"): [Zip Code] which currently has the address of 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 Securit)' Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 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 ofrecord. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest and Other Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and if allowable under Applicable Law, any prepayment charges and late charges due under the Note. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if Loan No: 122739399 Nebraska Deed of Trust-Single Family-Secondary Lien -THE COMPLIANCE SOURCE, INC.- www.complianccsourcc.com Page 3 of 11 1IIII ~I ~~II~i 1111I11111 ~IIIIII~ IIIII~ ~IIIIII Initials: ~ ~ _ _ MERS Modified Form 380] 01/01 Modified By "TIle Compliance Source, Ine." 14102NE 03/02 1tl2002, The Compliance Source, Inc.