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<br />200701286 <br /> <br />(P) "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 />(Q) ''RESPA'' means the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.P.R. Part 3500), as they. mi~t 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 />(R) "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 />The beneficiary of this Security Instrument is M.ERS (solely as nominee for Lender and <br />Lender's successors and assigns) and the successors and assigns of MERS. This Security <br />Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ij) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, BorrOWer irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of " 'ifa,ll <br />[Type of Recording Iurisdi.ction) [Name of Recording Iurisdiction] <br />s.. Laqal Oe.Qription Attaohed aereto and Made a Part aereof <br /> <br />Parcel 10 Number: 4000074 9!1 <br />315 Ea.t 1.t Street <br />Grand I.land <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 Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in this Security Instrument, but, if nec~ry to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any <br />or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br /> <br />'"ltlllhr. t,/ /' .J <br /> <br />1011834517 <br /> <br />C1t-8A(NE) (0407) <br /> <br />plIl;I-aof 1S <br /> <br />lB. <br /> <br />Fonn 3028 1/01 <br />