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200702697 <br />governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all <br />requirements and restrictions that are imposed in regard to a "federally related mortgage <br />loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property; <br />whether or not that party has assumed Borrower's obligations under the Note and /or this <br />Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, <br />extensions and modifications of the Note; and (ii) the performance of Borrower's convenants <br />and agreements under this Security Instrument and the Note. For this purpose, Borrower <br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following <br />described property located in the <br />County of HALL <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction] <br />LEGAL DESCRIPTION IS ATTACHED HERETO AS SCHEDULE "A" AND MADE A <br />PART HEREOF. <br />THIS IS A PURCHASE MONEY MORTGAGE. <br />Parcel ID Number: which currently has the address of <br />704 WEST 10TH STREET [Street] <br />GRAND ISLAND [City], Nebraska 68801 [Zip Code] <br />( "Property Address "): <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and <br />all easements, appurtenances, and fixtures now or hereafter a part of the property. All <br />replacements and additions shall also be covered by this Security Instrument. All of the <br />foregoing is referred to in this Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby <br />conveyed and has the right to grant and convey the Property and that the Property is <br />unencumbered, except for encumbrances of record. Borrower warrants and will defend <br />generally the title to the Property against all claims and demands, subject to any <br />encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- <br />uniform covenants with limited variations by jurisdiction to constitute a uniform security <br />instrument covering real property. <br />SNE03 Rev 11/08/00 Page 3 of 18 Initials: �% /'/ f FORM 3028 1101 <br />