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<br />e <br /> <br />e <br /> <br />200801354 <br /> <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any anlOunts 11l1der Section 3 of this Security Instnmlent. <br />(Q) "RESPA" means tlle Real Estate Settlement Procedures Act (12 U.S.c. Section 2601 et seq.) and its <br />implementing regulation, Re!,'lIlation 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 iliat governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions iliat are imposed in regard <br />to a "federalIy related mortgage loan" even if the Loan does not qualify as a "federally related mortgage <br />loan" under RESP A. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, wheilier or <br />not that party has assumed Borrower's obligations under ilie 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 />Instnunent 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 />convey s to Trustee, in trust, with power of sale, the folIowing described property located in the <br />County of Hall <br />[Type or Recording Jurisdiction] [Name of Recording Jurisdictioll] <br />LOT FIFTEEN (15) MEADOW LANE THIRD SUBDIVISION HALL COUNTY NEBRASKA. <br /> <br />Parccl ID Number: 400213575 <br />3011 SUNFLOWER DR <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 />casements, appurtenances, and fixtures now or hereafter a part of ilie property. AU replacements and <br />additions shall also be covered by this Security Instrument. All of tlle foregoing is referred to in tllis <br />Security Inslrument as the "Property." Borrower understands and agrees that MERS holds only legal title <br />to tlle interest gnmted 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 tllOSC interests, including, bul nol limited to, the right 10 forcclose and selI the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br />8800362638 <br /> <br />Initi.ls: u.-oC!iP <br /> <br />8800362638 <br /> <br />.-SA(NE) (0407).01 <br />@ <br /> <br />Page 3 of 1 5 <br /> <br />Form3028 1/01 <br />