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200605786 (0) "Periodic Payment" means the regularly schedukd amount due fl)r (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" Ineans the Real Estate Settkment Procedures Act (12 U.S.C. Section 2601 et seq.) and its illlpkmenting regulation, Regulation X (24 C. r. R. Part 35(0), 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 RESP A. (Q) "Successor in Interest of Bon'ower" means any party that has taken titk 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 Instrumcnt 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 thc Note. f'or this purpose, Borrower irrevocably grants and conveys to Trustee, 111 trust, with power of sale. the following described property located in the County of HALL lTyp\; of Recording .Jurisdiction] [Name of Recording Jurisdictionj THE NORTH EIGHT-EIGHT (88) FEET OF LOT ONE (1) / BLOCK TWENTY-ONE (21) / ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. ParcelID Number: 400001594 321 E 6th St Grand Island ("Property Address"): which currently has the address of lStreet] lCi tyj , Nehraska 68803 l/ip Code] TOGETHER WITH all the improvelllents 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. A II of the foregoing is referred to in this Security Instrument as the "Property." BORROWER ('OYENANTS 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 fl)r encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, suhject to any encumbrances of record. P"-!e 3 of 1 5 /1: " \ r: _ , '"';""~ 06-041407 ~).6(NE) (0401),01 Fonn 3028 1/01