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<br />200805531 <br /> <br />(P) "Periodic Payment" meam the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any anlOunt" under Section 3 of this Security In<itrument. <br />(Q) "RESPA" means the Real F.state Settlement Procedures Act (12 V.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C..F.R. Part 3500), aol they might be amended from time to <br />time, or any additional or successor legislation or regulation that govem<i the same subject matter. As used <br />in this Security In<itrument, "RESPA" refe~ to all requirements and res1rictions that are imposed in reganl <br />to a "federally related DlOrtgage loan" even if the Loan does not qualify as a "federally related DlOrtgage <br />loan" under RESPA. <br />(R) "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 Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Security In<itrument is MER" (solely as nominee for Lender and <br />Lender' s successo~ and assigns) and the successo~ and assigns of MERS. This Security <br />Instrument Sl'CureS to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and DlOdifications of the Note; and (ii) the perl'onnance of Borrower's covenants and agreement<; under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably gnwts and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of lIall <br /> <br />[Type of Recording .lIrisdiction] <br />~r,r, AI rACIIt:u LE(jA~ <br /> <br />[N ame of Recording .lIrisdiction] <br /> <br />THE LAND REFERRED TO IN THIS EXHIBIT IS LOCATED IN THE <br />COUNTY OF HALL AND THE STATE OF NEBRASKA IN INSTRUMENT # <br />97109896 AND DESCRIBED AS FOLLOWS. <br /> <br />LOT FIFTY-NINE (59), LE HEIGHTS FOURTH SUBDIVISION, GRAND <br />ISLAND, HALL COUNTY, NEBRASKA. <br /> <br />Parcel ID Number: 400158582 <br />4218 MANCHESTER ROAD <br />GRAND ISLAND <br />("Property Address"): <br /> <br />which currently has the address of <br />[Street] <br />[City) , Nebraska 68803-2213 [Zip Code] <br /> <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part 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 Instrunlent as the "Property." Borrower unde~tands and agrees that MERS holds ouIy legal title <br />to thc interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender' s successo~ and assigns) has the right: to exercise any <br />or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />In<itrument. <br /> <br />002005398805 <br />~-6A(NE) (0407).01 <br /> <br />Page 3 0115 <br /> <br />IrfllaI/'Cd <br />T Form 3028 1/01 <br /> <br />CitiMortgllge 3.2.15.16 V3 <br />