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<br />200700448 <br /> <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(p) "RESPA" means the Real Estate Settlement Procedures Act (12 D.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to <br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower's obligations 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 of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />County of HALL <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction] <br /> <br />Part of the Nm.1heast Quarter (J(Elf4) of SeetlOD Tea (1.0), Township 'l"IIeln (11.) North BaDge <br />NIne (9) West of the 6th P.Mo, Ball Ccnmty, Nebraska, more particular., deaedbed as 'follows: <br />BegInnIng at the Southeast ComeJ' or 'the NElf4 of said SecliOJl Tell (10); thence rmmbIg West <br />aloag aDd DpOb the Soutlt line or the NJri1/4 of said SeeUon Ten (10), a distanee or 180 feet; <br />numIDg thmce North on a line parallel to the East section line of. said Section Ten (10) a <br />dIatuce of 104 red:; l'WUIiog tIdce East OIl a One panDeI to the South Ueo of the NElf4 or ~d <br />Section Ten (10), a distance of 180 feet; tbmc:e South along aDd upon the East Bne of said <br />Sedion TeD (10), a dfstaw:e of 104 Feet to the poJut of begllmlug <br /> <br />Parcel ID Number: 400185474 <br />7500 N SKY PARK ROAD <br />GRAND ISLAND <br />(" Property Address"): <br /> <br />which currently has the address of <br />[Street] <br />[City], Nebraska 68801 [Zip Code] <br /> <br />TOGETHER WITH all the improvements 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 be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instnllnent 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 warrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encumbrances of record. <br /> <br />G-6(NEII0407I,02 <br />@ <br /> <br />Pogo 3 of 15 <br /> <br />Initials .A b-e <br /> <br />Form3028 1/01 <br />