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<br />200708935 <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus Oi) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.c. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C. P. R. Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regulation tIlal governs tile same suhject mailer. As used in Ulis <br />Security Instrument, "RESP A" refers to all requirements and restrictions Ulat are imposed in regard to a <br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" <br />under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />Ulat party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of tilis Security Instrument is MERS (solely as nominee for Lender and <br />Lender's successors and assigns) and Ule successors and assigns of MERS. This Security Instrument <br />secures to Lender: 0) Ule repayment of tile Loan, and all renewals, extensions and modifications <br />of the Note; and (ii) Ule performance of Borrower's covenants and agreements under Ulis <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />PUBLIC RECORDS of HALL COUNTY <br /> <br />[Typc of Recording Jurisdictiunl <br /> <br />[Namc of Rccurding J urisdictionl <br /> <br />Lot Forty-four (44). Western Heights Third Subdivision. Hall County <br />Nebraska <br /> <br />Parcel 10 Number: 400166178 <br />4219 LARIAT PLACE <br />GRAND ISLAND <br />("Property Address"): <br /> <br />which currently has Ule address of <br />[Streetl <br />[Cityl , Nebraska 68803 [Zip Cudel <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also <br />be covered by this Security Instrument. All of Ule foregoing is referred to in tilis Security Instrument as the <br />"Property." Borrower understands and agrees that MERS holds only legal title to tile interest granted by <br />Borrower in Ulis Security Instrument, but, if necessary to comply Witll law or custom, MERS (as nominee for <br />Lender and Lender's successors and assigns) has Ule right: to exercise any or all of those interests, including, <br />but not limited to, the right to foreclose and sell tile Property; and to take any action required of Lender <br />including, but not limited to, releasing and canceling this Security Instrument. <br /> <br />. -6A(NE) 10407).01 <br />@ <br /> <br />Page 3 of 15 <br /> <br />...:--' <br />Inlll"l~ <br />eft <br /> <br />Form 3028 1/01 <br />