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<br />200602890 <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any <br />amounts under Section 3 ofthis Security Instnunent. <br /> <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 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 Instnunent, "RESPA" refers to all <br />requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even ifthe Loan does not qualify <br />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 has <br />assumed Borrower's obligations under the Note and/or this Security Instnunent. <br /> <br />lRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneficiary of this Security Instnunent is MERS (solely as nominee for Lender and Lender's successors and assigns) and the <br />successors and assigns ofMERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, <br />extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security <br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the <br />following described property located in the <br />County <br />[Type of Recording Jurisdiction] <br /> <br />of <br /> <br />HALL <br />[Name of Recording Jurisdiction] <br /> <br />LOT FIVE (5), EXCEPT THE SOUTHERLY 78.47' THEREOF, BLOCK ONE HUNDRED <br />TWENTY EIGHT (128), KOEING & WIEBE'S ADDITION TO THE CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA <br /> <br />Parcel ID Number: 400056879 <br />315 SOUTH CLEBURN STREET <br />GRAND ISLAND <br />("Property Address"): <br /> <br />which currently has the address of <br />[Street] <br />[City] ,Nebraska 68801 [Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and <br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. <br />All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS <br />holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those <br />interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender <br />including, but not lim ited to, releasing and canceling this Security Instrument. <br /> <br />G-SA(NE) (0407) <br />i:&1 <br />DDS-NET <br /> <br />Page3of15 <br /> <br />In~ial.: Jr.fl <br />C?~. G>. <br /> <br />Form 3028 1/01 <br />