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200704409 (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 Instrwnent. (P) ''RESPA'' means the Real Estate Settlement Procedures Act (12 D.S.C. Section 2601 et seq.) and its implementing 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 Instrwnent, "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 mortgage loan" under RESP A. (Q) "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 This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications 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] A tract of land comprising a part of the East Half of the Southeast Quarter (E1/2SE1/4) of Section Sixteen (16), Township Eleven (11) North, Range Eleven (11) West of the 6th P.M., in Hall County, Nebraska, more particularly described as follows: Beginning at a point on the East line of said Section Sixteen (16), said point being Nine Hundred Seventy.One and Eighty.Five Hundredths (971.85) feet South of the Northeast Corner of said Southeast QUarter (SE 1/4); thence Southerly along the East line of said Section Sixteen (16), a distance of Six Hundred Twenty.Seven (627.0) Feet; thence deflecting right 900 00' and running westerly, a distance of Three Hundred Thirty (330.0) feet; thence northerly parallel to the East line of said Section Sixteen {16J, a distance of Six Hundred Twenty.Seven (627.0) Feet; thence deflecting right 900 00' and running easterly. a distance of Three Hundred Thirty (330.0) feet to the place of beginning.: Parcel ill Number: 400198436 342 N 1l0TH RD WOOD RIVER ("Property Address"): which currently has the address of [Street] [City], Nebraska 68883-9754 [Zip Code] 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 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 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. .-6(NE) (0407).02 @ Page 3 of 1 5 .,-:. Initials: A.J M. 230195 ~ Form 3028 1/01