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200705247 (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 Instrument, "RESPA" 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 asswned 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 Instrwnent 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] PART OF BLOCK FOUR (4), BROWN'S ADDITION TO ALDA, HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF BLOCK FOUR (4), BROWN'S ADDITION TO ALDA; THENCE RUNNING NORTHERLY ALONG AND UPON THE WEST LINE OF SAID BLOCK FOUR (4), A DISTANCE OF ONE HUNDRED FORTY (140') FEET; THENCE RUNNING EASTERLY PARALLEL TO THE SOUTHERLY LINE OF SAID BLOCK FOUR (4), A DISTANCE OF FITY (50') FEET; THENCE SOUTHERLY PARALLEL TO THE WESTERLY LINE OF SAID BLOCK FOUR (4), A DISTANCE OF ONE HUNDRED FORTY (140') FEET TO THE SOUTHERLY LINE OF SAID BLOCK FOUR (4); THENCE WESTERLY ALONG AND UPON THE SOUTHERLY LINE OF SAID BLOCK FOUR (4), A DISTANCE OF FIFTY (50') FEET TO THE POINT OF BEGINNING. Parcel ID Nwnber: 400173999 201 CHESTNUT ST ALDA ("Property Address"): which currently has the address of [Street] [City], Nebraska 68810-9737 [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:~ sr1S 230206 Form 3028 1/01