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200709308 (0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] THE NORTH SIXTY (60) FEET OF LOT TWO HUNDRED SEVENTY NINE (279) IN WEST LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND THE NORTH SIXTY (60) FEET OF A TRACT SITUATED IN A PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SE1/4SE1/4) OF SECTION EIGHT (8) TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WE ST OF THE 6TH P. M., HALL COUNTY, NEBRASKA WHICH TRACT IS MORE PARTICULARLY DESCRIBED IN ITS ENTIRETY AS FOLLOWS: BEGINNING AT A POINT OF THE SOUTH LINE OF SAID SECTION 34 RODS WEST OF ITS SOUTHEAST CORNER, RUNNING THENCE WEST ON SAID SOUTH LINE 7 RODS AND 9 1/2 FEET; THENCE NORTH 12 RODS, THENCE EAST 7 RODS AND 9 1/2 FEET, AND THENCE SOUTH 12 RODS TO THE PLACE OF BEGINNING. Parcel ID Number: 400145588 1311 N GRAND ISLAND AVE Grand Island ("Property Address"): which currently has the address of 6 8 8 0 3 [Street] [City], Nebraska fi%rf9IJI [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and 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 Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. Initials; rp ..6lNE) (04071.02 (!l> Page 3 of 1 5 Form 3028 1/01