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<br />200801477 <br /> <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as thcy 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 Instnlment, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" evcn if the Loan does not qualify as a "fcderally related mortgage <br />loan" under RESPA. <br />(Q) "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 Instnnllent. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />This Security Instrument secures to I.ender: (i) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrowerinevocably grants and conveys to <br />Trustee, in trust with power of sale, the following descrihed property located in the <br />County of Hall <br /> <br />[Type of Rcconlin(; JurisdictionJ [Nal1l~ of R~cording JurisdictionJ <br />SEE LEGlU. DESCRIPl'ICN .ATTACHED HERETO Ali[) MADE A PART HEREOF <br /> <br />ParccllD Numbcr: 400157497 <br />2309 Stardust In <br />Grand Island <br />("Property Address"): <br /> <br />which currently has the address of <br />[StJ'eetJ <br />lCityJ, Nebraska 68803 [Zip Cod~] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the propcrty, and all <br />easements, appurtenances, and fixtures now or hereafter a pm1 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." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed Hnd has <br />the right to gmnt and convey the Property and HUlt the Property is unencumbered, except for encumbrances <br />of record. Borrower warrants and will defend generally the titlc to the Property against all claims and <br />demands. subject to any encumbrances of record. <br /> <br />. -6(NE) (0407) <br />@ <br /> <br />Initials~ <br /> <br />0757208954 <br /> <br />Page 3 of 15 <br /> <br />Form 3028 1101 <br />