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200607624 (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) "RESP A " means the Real Estate Settlement Procedures Act (12 U .S.C. ~260 J et seq.) and its impJementingregulation, 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, "RESP A" 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 mongage loan" under RESP A. (Q) "Successor in Interest of Borrower" means anyparty that has taken title to the Property, whether or not that party has assumed Borrower's obligations Imder 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 all renewals, extensions and modiiications 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 following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] Lot Twenty-two (22), Amick Acres East Subdivision, Hall County, Nebraska which currently has the address of22 Lillian Lane [City] , Nebraska 68832 [Zip Code] [Street] ("Property Address"): Donipban 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 prope~. All replacements and additions sball also be covered by this Security Instrument. All of the foregoing IS referred to in this Secunty 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. TIllS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constinne a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenaot and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay fimds for Escrow Items pursuant to Section 3. Payments due lUlder the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as paymentlmder the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made m one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institotion whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Foods Transfer. NEBRASKA-Single Family-Fanoie MoelFreddie Mac UNIFORM INSTRUMENT 97$4.CV (IUDS) 260074 Form 30%8 1101 (page 2 of 8 pages) Creative Tbloklng, IDe. OOTO(OO04do;\d) t~ PDF created with pdfFactory Pro trial version www.odffactorv.com