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<br />200705511 <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 Settlem.entProcedures Act (12 U.S.C Section 2601et seq.) and its <br />implementing regulation, Regulation X (24 CoF.R. Part 3500), as they might be amended from tim.e to <br />time, or any additional or successor legislation or regulation that govetns the same subjectlllatter. As used <br />in this Security Instrument, "RESP A" 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 RESP A. <br />(Q) "Successor in. Interest of Borrower" means any party that has taken title tothePropeny, whether or <br />not that party has assumed Botrower's obligations under the Note andlor this Security InstrumenL <br /> <br />TRANSFER OF RIGHTS lN THE PROPERTY <br /> <br />This Security Instrum.ent 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 covefiantsand agreem.ents under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, intrust, 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 />LOT EIGHT (8) / IN BLOCK FIVE (5) / IN VALLEY VIEW SUBDIVISION/IN THE CITY <br />OF GRAND ISLAND, HALL COUN1'Y,NEBRASKA. <br /> <br />ParcelID Number: 400102277 <br />1015 E PHOENIX AVE <br />GRAND ISLAND <br />("Property Address "): <br /> <br />which currently has the address of <br />[Street] <br />[City], Nebraska 68801,...8155 [Zip Code] <br /> <br />TOGETHER WITH all theimprovemel1ts.. now or hereafter erected on the . property, and all <br />easements, appurtenances, and fixtures now or hereafter apart 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. " <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hetebyconveyed and has <br />the right to grant and convey the Property and thatthe Property is unencumbered,exceptforencumbrances <br />ot' 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 />..6INE) (04071.02 <br />@ <br /> <br />Page 3 of 15 <br /> <br />IniH'I",~ <br /> <br />l-D <br /> <br />07-'046945 <br />Form 3028 1/01 <br />