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200604030 (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 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, "RESPA" 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 RESPA. (Q) "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 This Security Instrument secures to Lender: (i) the repayment of the Loan, and alI 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 folIowing described property located in the County of Ha11 [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Part of Lot One (1), in B10ck Two (2), in Axt and Hagge' s Addition to the City of Grand Is1and, Ha11 County, Nebraska, more particularly described as fo11ows, to-wit: Commencing at the southeast corner of said 1ot, and running thence north along and upon the east boundary 1ine of said lot for a distance of 43.5 feet, running thence in a wester1y direction to a point on the west boundary line of said lot, which poihnt is 41.5 feet north of the southwest corner of said lot, running thence south on the west boundary line of said lot a distance of 41.5 feet, to the southwest corner of said lot, running thence east on the south boundary 1ine of said 10t for a distance of 65 feet to the p1ace of beginning. Parcel ID Number: 400013258 212 S KDMBALL ST GRAND ISLAND (" Property Address"): which currently has the address of [Street] [City], Nebraska 68801 [Zip Code] 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 Security Instrument as the "Property." 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 of record. Initials: S-6(NE) (0407).01 @ Page 3 of 15 Form 3028 1/01 t> / ,;".-" ~