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200606191 the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition ofthe Property. (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (P) "Periodic Payment" means the regularly scheduled amount due tor (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ~2601 et seq.) and its implemL'I1ting 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 quali ty as a "federally related mortgage loan" under RESP A (R) "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 The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all rcnewals, extensions and modifications of the Notc; 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 following described property located in the Cormty of HALL [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] THE WESTERLY ONE-HALF (1/2) OF I.Ol' FIVE (5), BLOCK 'IWO ( 2 ), HANN' S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, ADDCORDING TO THE RECORDED PIAT THERIDF. which currently has the address of GRAND ISLAND [City] , Nehra"ka 204 E. KOENIG STREET [Street] 68801 ("Property Address"): [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and tixtures 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 understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Sec~~i2'_ I~strument. LOAN NUMBER: 7771170 Initia~,----- - - Nebraska Deed of Trust-Single Family-Fannie Mae/Freddie Mae UNIFORM INSTRUMENT MERS Modified Form 3028 Ol/flt -TIm COMPI.TANCE SOURCE, INc.- Page 3 of 13 14301NE 08/00 www.eompliaoe<soure<.eom 11II111111111111111111111111111111111111111111111111111111I11111111111 mooo, The Compliaoce St\ure<, JIle