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<br />200603224 <br /> <br />(0) "Periodic Payment" means the regularly scheduled aIuount due t(Jr (i) principal and interest under the <br />Note, plus (iil any amounts under Sl;;ction 3 ofthis Security lnstrumcnt. <br />(P) "RESPA" means the Rcal Estate Settlemcnt Procedun.:s Act (12 U.S.C. Section 2601 ct seq.) and its <br />implernenting regulation. Regulation X (24 C. F. R. Part 3.5(0). as they might be amcndcd ti-Oln time to <br />timc. or any additional or succcssor legislation or regulation that govcrns thc same subjcct mattcr. As used <br />in this Security Instrument, "RESPA" rcfers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgagc loan" even if the Loan docs not qualify as a "federally related mortgage <br />loan" under RESPA. <br />(Q) "Sul"Cessor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower's obi igations 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 ofthc Loan. and all renewals. extensions and <br />modifications of the Notc; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrowcr irrevocably grants and conveys to <br />Trustee, III trust, with power of sale. the t()lIowing described property located Il1 tbe <br />Coun ty of HALL <br />[Type or Recording .Il1riqlinion] [Nallll' or Recording .Il1risdinionJ <br />LOT ONE HUNDRED SEVENTY NINE (179), IN BELMONT ADDITION, CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA, <br /> <br />Parcd ID Number: 400017660 <br />412 WALDO AVE <br />Grand Island <br />("Property Address"): <br /> <br />which currently has the addn:ss of <br />I Strc;ctJ <br />[CityJ, Nebraska 68803-4554 [Zip Co,kJ <br /> <br />TOGETHER WITH all the improveITlents 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 he covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrumcnt 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 v.arrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encllmbrancl;;s of record. <br /> <br />Initials; ~~1_ <br /> <br />0110247970 <br /> <br />.-6(NE) (0407).01 <br />(~) <br /> <br />I-lnJC 3 of 15 <br /> <br />Fonn 3028 1/01 <br />