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<br />200707405 <br /> <br />the Property; (ii) eonuenmation or other taking of all or any pati of the Property; (iii) eonveyancc in licu of condcmnation; or <br />(iv) misrepresentations of; or omissions as to, the value alllVor condition of the Property. <br /> <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment ot; or debult on, the Loan. <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due fix (i) principal and interest under the Note, plus <br />(ii) illl)' illllOUllts under Section 3 of this Security Instrument. <br /> <br />(<..>) "RESJ'A" rneans the Real Estate Settlement Proeedures Act (12 use. ~2WI et seq.) and its implclllentlllg <br />regulation, Rcgulation X (24 C.F.R. Palt :lSDD), as they might be amended jhml time to time, or any additional or sueecssor <br />legislation or regulation that govems the same subject matter. As used in this Seeurity Instrument, "RESPA" refers to all <br />requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if tIle Loan does not <br />qualify as a "federally related 1ll00tgage loan" under RESPA. <br /> <br />(H.) "Suecessor in Interest of Borrower" means any patty that has taken title to the Property, whether or not that party <br />has assumed Borrower's obligations under the Note and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneticiary of this Security Instrument is MERS (solely as nominee tor Lender and Lender's successors and assigns) and <br />the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayrnent of the Loan, and all <br />rCllclI';lIs, exlensiollS and IllOdifieations of the Note; and (ii) the perfonnance of Borrower's covenants and agreements under <br />l!lis Security Illstrurncnt and the Note. POl' this purpose, Borrower ilTevoeably grants and conveys to "rrustee, in trust. with <br />power of sale, the following described propelty located in the <br />County of HALL <br />{Type of Recording Jl/risdiction] (Namfd of Recording Jurisdiction! <br /> <br />IDT SEVEN (7) IN BLC:.CK ONE HUNDRED THIRTY-SIX (136) OF THE UNION PACIFIC <br />RAILWAY COMPANY'S SECOND ADDITION 'ID THE CITY OF GRAND ISLAND, HALL COUNry, <br />NEBRASKA <br /> <br />whiell currently has the address of <br /> <br />GRAND ISLAND <br />{City] <br /> <br />, Nebraska <br /> <br />116 E 8'I'H ST <br />{Street] <br />68801 ("Property Address"): <br />{Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all Gasclllenls, <br />appurtellilllecs, and fixtures now or hereafter a part of the property. All replaecrnents and additions shall also be covcred by <br />this Security Instrument. All of the ton;:going is referred to in this Security Instrument ,IS the "Property." Borrower <br />understands and agrees that MERS holds only legal title to tbe interests granted by Borrower in this Security Instrument. but, <br />if necessary to comply with law or custom, MERS (as nominee fix Lender and Lender's successors and assigns) has tile <br />right: to exercise any or all of those interests, including, but not limited to, the right to f()reclose and sell the Property; and to <br />!<Ike any action required of Lender including, but not limited to, releasing and canceling this Security lnstrurnenl. <br /> <br />Loan No: 127317292 <br /> <br />Initials: <br /> <br />,,'lIn.s"" Dt,,'d ofTl'ust-Singlc: hHnily-Fannil' MUl'/FI'l'ddk Mac UNIFORM INSTIHIMENT <br />--'1'1 [I,; CO.\'Ii'L1A"CE S()IIIU:V, INC.- l'al::l' 3 ofl3 <br /> <br />1 111111 11111 11111 11111 IIII/!/IIII/Iil illll ml illl IIIIIUII 1111 IIW <br /> <br />WIVW.C()lllpli:111Lt::!)(,IIITI' (':()Ill <br /> <br />MERS Moditied F01'1II3112:; Ill/III <br />14,'\1l1NE O:i/UO <br />i~)21)()(), Thl~ (:iil'npJi,lllcl' S~'lllt'l',t:, Jill.: <br /> <br />