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RE~RECORDED 200804894 200708844 (1') "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 et 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 leg.islation or regulation that governs the same Hubject matter. As used in this Security Instrument, "RESP A" refers to all requirements and restrictions that 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 that has taken title to the Property, whether or nOI that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RiGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nommee for Lender and Lender's Suca:ssOrs and assigns) and the SUooeSllOrS and assigns of MERS. This Security Instrument sccures to Lender: (i) the repayment of lhe Loan, and ali renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY of HALL [Type of Rec:ordJ.g Jurl'dlctlon] [Nome of Recordl.g Jurisdiction] LOT FORTY THREE (43), HAGGES' SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, ParcellD Number: 400041774 1412 HAGGE AVENUE GRAND ISLAND ("Properly Address"): which currently has the address of ISIrtet) ICily] ,Nebraska 68801 [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the toregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that 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) has the right: to e"ercise 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 incl'-lding, hut not limited 10, releasing and canceling this Security Instrument. ~.6A(NEII04011.0' Pa;e 3 of 15 '''il~,.h Form 3028 1/01