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200707443 (P) "Periodic Payment" means the regularly schedulecl amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Seltlement Procedures Act (12 U.S.C. Section 2lilll et seq,) and its implementing regulation, Regulation X (21\ c.r.R. Part 35(0), as they rnight be amended from time to tinre, or any adclilional or successor legislation or regulation that governs the same sul~iect matter. As used in Ihis Security Instrurnent, "RESPA" refers to all requirements and restrictions that are imposed in regard 10 a "klh-rally related mortgage loan" even if the Loan cloes not qualify as a "federally related lnorlgage loan" under RESI'A. (R) "Successor in Interest of Borrower" means any party Ihal has talH~n title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF mGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (soldy as nominee for Lemler and I.ender's successors and assigns) and the successors ancl assigns of MFI~S. This Security InstrtlnH'n( secures to Lender: 0) the n~payment of the Loan, and all renewals, extensions and modificatiolls of the Note: and (ii) the performance of Borrow!'r's covenants <lIld agreenH'nts Ilndt'r this S!'curily InstrunH'nt and the Note, For this purpose, Borrowl~r irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of t<""onlillg Jurisdiction] lNall'" of R"conlilIg Jllrisdictioll] See ~[lJf.I:r;hit "A" l'hrete 4Hd Made a r-ar+-:P1~reof. ~ The East Fifty and Eight-Tenths Feet (50.8') of Lot Three (3) in Block Twelve (12) of Gilbert's Addition to the City of Grand Island, Hall County, Nebraska l'arcl'l j D N umbl'r: 1219 W 11TH ST ORAND ISLAND (" Property Address"): which currently has (hI' addJ'(~ss of' IStll'"I] ICilyl, Nl'braska 61HWl-4019 17.;p Cod,,1 TOGETHER WITH all the improvements now or hereafter l'rl'cted on the propl'rty, aIllI 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 Secmity Ins(rument as the "Property." Borrower understands and agrees that MERS holds ouly legal Iille to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custOU}, MlmS (as nominee for Lender and Lender's successors and assigns) has the right: to l'xl'rcise any (II' al! (If' those interests. including, but not limiled to, the right to foreclose and sell the Properly: and In take any actiou required of Lender includiug, but not Iillliled to, releasing and canceling this Security Instnllnenl. IrlilltdSaL 002004634292 Gl-GA(NE) (040'1)01 (~) P(I!JO 3 of 15 Form 3028 1/01 CitiMorlgilge :1.2 1I,().1 V'I