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200803177 (P) "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. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. Section 2601 ct seq.) and its implementing regulation, Regulation X (24 C. F. R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESP A" refers to all requirements and restrictions tbat 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. (R) ''Successor in Interest of Borrower" means any party tbat bas taken title to the Property, whether or not that party bas assumed Borrower's obligations under the Note and/or tbis Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY Tbe beneficiary of this Security Instrument is MERS (solely as nommee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of tbe Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under tbis Security Instrument and tbe Note. For tbis purpose, Borrower irrevocably grants and conveys to Trustee, in trust, ~ith power of sale, the following described property located in. the County of Hall [ Type of Recording Jurisdiction] [N amc of Recording Jurisdiction] ALL THAT PARCEL OF LAND IN HALL COUNTY, STATE OF NEBRASKA, AS MORE FULLY DESCRIBED IN DEED DOC #78-001096, BEING KNOWN AND DESIGNATED AS LOT 1, CAPTIAL HEIGHTS EIGHTiSUBDIVISION, NW 1/4 OF SECTION 2, TOWNSHIP 11 NORTH, RANGE 10 WEST. Parcel ID Number: #400154560 4263 Utah Avenue Grand Island ("Property Address"): wbicb currently has the address of [Street] [City] , Nebraska 68803 [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or bereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees tbat MERS holds only legal title to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) bas tbe rigbt: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. ~ 6850066738 . ~r)/\ 802280552 InlllalS~ Gl-6A(NE) (0407).01 P~e3 of 15 CJ)). Fonn 3028 1/01