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200710087 (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) "RESP A" means the Real Estate Settlement Procedures Act (12 U.S.C. {i2601 etseq.) and its implementing regulation, Regulation X (24 CF.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that govems 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 perfoffilance 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 CO'!!l.!y._ of Hall [Type of Recording Jurisdiction] IName of Recording Jurisdiction] Lot 12, Bloek 2, Northview First Subdivision, in the City of Grand Island, Hall County, Nebraska which currently has the address of~.!l~~. ~o!.thview Or [City] , Nebraska 68803 [Zip Code] [Street] ("Property Address"): Grand Island TOGETHER WITH all the improvement~ now or hereafter erected on the property, and all easements, ap'purtena~ces, and fixtures now or h~reafter a part of the property. All replacements and addit!.ons shall ~,1so be covered by this Securtty Instrument. All ot the toregomg IS referred to 1lI thlS Secunty Instrument. as the Property. BORROWER COVENANTS that Borrower is lawfully seised ofthe estate hereby conveyed and has the right to b'Tant 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. THIS SECURJTY INSTRUMENT combines uniform covenants tor national use and non-uniform covenants with limited variations by jurisdiction to constirute a uniform security instrument covering real property, UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Securiry Instrument is rerumed to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an instirution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. NEBRASKA-Single Family-Fannie M.elFreddl. Mo. UNIFORM INSTRUMENT 9754.CV (1105) liR9R555040 Form 302S 1101 (page 2 "f~ page.,) Creative Thihklng, Ine. GOTO(00168S..)