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<br />200710667 <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under Ihe <br />Note, plus (ii) 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 iLs <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from lime to lime, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Instrument, "RESP A" refers to all requirements and restrictions that 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 RESP A. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to Ule Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or tl1is Security Instrument. <br /> <br />lRANSFER 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 Instrument <br />secures to Lender: (i) the repayment of 1l1e Loan, and all renewals, extensions and modifications <br />of the Note; and (ii) the performance of Borrower's covenanLs and agreements under this <br />Security Instrument and the Note. For mis purpose, Borrower irrevocably granLs and conveys to <br />TrusLee, in trust, with power of sale, the following described property located in me <br />COUNTY of HALL <br /> <br />[Type of Recording Iurisdiclion] <br /> <br />(Nllme of Recording IurisdiclionJ <br /> <br />ParcelIDNumber: 400079739 <br />918 SUN VALLEY DRIVE <br />GRAND ISLAND <br />("Property Address"): <br /> <br />which currently has the address of <br />(Slrllel] <br />ICilY], Nebraska 68801 [Zip Code] <br /> <br />TOGETHER WITH all the improvemenLs now or hereafter erected on me 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 the foregoing is referred to in this SecuriLY Instrument as the <br />"ProperLY." Borrower understands and agrees that MERS holds only legal title to me interest granted by <br />Borrower in this SecuriLy Instrument, but, if necessary to comply with law or custom, MERS (as nominee for <br />Lender and Lender's successors and assigns) has me right: LO exercise any or all of 1l1ose interesLs, including, <br />but not limited to, the right to foreclose and sell Ihe Property; and to take any action required of Lender <br />including, but not limited to, releasing and canceling this Security Instrument <br /> <br />7700291747 <br /> <br />,4(5 <br /> <br />IhIUal.: (1 m5 <br /> <br />.-6A(NE) (0407).01 <br /><!l <br /> <br />Paga:3 0115 <br /> <br />Form 3028 1/01 <br />