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<br />.. <br /> <br />... <br /> <br />200709078 <br /> <br />(P) "Peliodic Payment" means the regularly scheduled amount due for (i) principal and interest WIder the <br />Note, plus (ii) any aJ.nowlts wIder Section 3 of this Security Instrument. <br />(Q) "RESPA" meaJ.lS the Real Estate Settlement Procedures Act (12 V.S.C. Section 2601 et seq.) aJ.ld its <br />implementing regulation, Regulation X (24 C. F. R. Part 3500), as they might be aJ.llended from lime to <br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are i.mposed in regard <br />to a "federally related mortgage 10aJ.l" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESP A. <br />(R) "Successol' in Intel'est of Borl'ower" meaJ.lS any party that has taken title to tlle Properly, whetller or <br />not tllat parly has asswned Borrower's obligations WIder the Note aJ.ld/or tllis Security Instrwnent. <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 aJ.ld assigns) and tile successors and assigns of MERS. This Security <br />Instrwllent secures to Lender: (i) the repayment of the Loan, aJ.ld all renewals, extensions <br />and modifications of tlle Note; aJ.ld (ii) tlle perfonnaJ.1ce of Borrower' 5 covenants and agreements under <br />tllis Security Instrument aJ.1d the Note. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, Witil power of sale, tile following described property located in the <br />County of Hall <br />[Type of Recording Jurisdiction J [Name of Recording Jurisdiction] <br />UNIT FIVE (5) AND GARAGE FIVE (5) MIDDLETOWN CONDOMINIUM A CONDOMINIUM <br />ACCORDING '1'0 THE DECLARATION RECORDED SEPTEMBER 14, 1993 AS INSTRUMENT <br />#93-107891 RECORDS OF HALL COUNTY NEBRASKA. <br /> <br />Parcel ID Number: <br />405 S MADISON ST UNIT 5 <br />Grand Island <br />("Property Address"): <br /> <br />which currently has the address of <br />[Street] <br />[City] ,Nebraska 68801 [Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenaJ.lces, aJ.1d fixtures now or hereafter a part of the property. All replacements aJ.ld <br />additions shall also be covered by tllis Security Instrument. All of tile foregoing is referred to in this <br />Security Instrument as the "Property." Borrower understands and agrees tilat MERS holds only legal title <br />to the interest granted by Borrower in tilis Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise aJ.lY <br />or all of those interests, including, but not limited to, the right to foreclose aJ.ld sell the Properly; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrwnent. s: ( <br />8800278337Uo /\ .. <br />Inili815:~ <br />.-BA(NE) (0407).01 Pogo 3 of 15 <br />l!> <br /> <br />8800278337 <br /> <br />Form 3028 1/01 <br />