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<br />200710520 <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (i1) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 D.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time 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 imposed in regard <br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that 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 this Security Instrument is MERS (solely as nominee for Lender and <br />Lender's successors and assigns) and the successors and assigns of MERS. This Security <br />Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of Hall <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdictionl <br />LOT TWENTY-FIVE (25), JEFFREY OAKS FIFTH SUBDIVISION, IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br /> <br />Parcel ID Number: 400374692 <br />2109 ATLANTA ST <br />Grand Island <br />(" Property Address"): <br /> <br />which currently has the address of <br />[ Slreet] <br />[City] ,Nebraska 68803 IZip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in this 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 any <br />or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br />8800332778 <br /> <br />~'i.~~ <br /> <br />Initials: <br /> <br />8800332778 <br /> <br />.-6A(NE) (0407).01 <br />@ <br /> <br />Page 3 of 15 <br /> <br />Form 3028 1/01 <br />