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<br />200601994 <br /> <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(p) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.c. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to <br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESP A" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESP A. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />County of HALL <br />_ _ ____LType_'1( RepQ.rdingJ:.1!-n~.4!~tion] [N ame__Q.tReC9.r<!ing.lJ!rtsdi~Q!!L._.___ <br />Part of Lot Ten (10) of Home Subdivision of that part of the Northwest Quarter NW(1I4) 'of <br />Section Nine (9), Township Eleven (II) North, Range Nine (9) West of the 6th P.M., Hall County, <br />Nebraska which lies West of Wheeler Avenue (as now locllted) and North of Seventeenth Street <br />(as now located) and Westerly from a tract ofland deeded to Ernest M. Ruff and Viola Ruff as <br />recorded in Book 706, Page 362 of the Deed records of RaIl county, Nebraska and more <br />particularly described as follows; Beginning at a point on the Easterly boundary line of said Lot 10 <br />which point is 391.2 feet southerly and 179.86 feet westerly from the Northeast comer of said Lot <br />10 and which point is the actual point of beginning; running thence Westerly along and upon the <br />Northerly boundary line of 17th Street (as now located) for a distance of 84.2 feet to a point which <br />is 16.3 feet Easterly from the Westerly boundary line of said Lot 10; running thence Northerly, at <br />right angles, for a distance of 29 . 7 feet to a point on the Westerly boundary line of said Lot 10; <br />running thence North along and upon the West boundary line of said Lot 10 for a distance of 116.4 <br />feet; running thence Easterly 27.95 feet at an angel of 118044' to a point which is 180.65 feet <br />westerly from Wheeler Avenue (as now located); running thence Southerly at an angle of90000' <br />for a distance of 132 feet to the Northerly boundary line of 17th Street (as now located) and to the <br />point of beginning, and being the same premises conveyed by deed recorded in Book 116, Page <br />459 of the DeecLrecordsofRall County, Nebraska. <br />Parcel IDWlifulJei':41nm4 6563 <br />320 W 17TH ST <br />GRAND ISLAND <br />(" Property Address n) : <br /> <br />which currently has the address of <br />[Street] <br />[City], Nebraska 68801-3522 [Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has <br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances <br />of record. Borrower warrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encumbrances of record. <br /> <br />. -6(NE) (00051 <br />@ <br /> <br />Page 3 of 15 <br /> <br />Initi'IS:~ <br /> <br />230042 <br /> <br />Form 3028 1/01 <br />