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<br />200806054 <br /> <br />(0) "Periodic Payment" means the regularly scheduled amount due for (I) principal and interest under thc <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, SectiOD 2.601 ct seq.) and its <br />implementing regulation, Regulation X (24 C.P,R. Part 3500), as they might be amended from time to <br />time, or any additional or successor legislation or regulation that governs the same subject malter. As used <br />in this Security Instrument, "RESP A" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the Loan does fi()t qualify as a "federally related mortgage <br />loan" under RE5PA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Propeny, whether or <br />not that party has assumed Borrower's obligations under the Note and/or this Security Instrumcnt, <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />This Security Instrument secures to Lender: (i) the repayment ()[ the Loan, and all renewals, extensions and <br />modifications of the Note: and (ii) the perfonnance of Borrower's COvenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />County of HALL <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction) <br />LOT ONE (1) OF LANKA GREEN ACRES SUBDIVISION I HAL:r.. COUNTY I NEBRASKA <br /> <br />Parcel II) Number: 400151111 <br />4248 W us HIGHWAY 30 <br />GRAND I S:LAND <br />("Property Address"): <br /> <br />which currently has the address of <br />[Stn~cIJ <br />ICily), Nebraska 68803-6601 [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 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 and has <br />the right to grant and convey the Property and that the Propcrty is unencumbered, except fOf encumbrances <br />of record. Borrower warrants and will dcfcnd generally the title to the Property against all claims and <br />demands, sUbject to any encumbrances of record, <br /> <br />G"6(NEllo4071.0;' <br />@ <br /> <br />L.L, <br />If\itinls: ~~~ <br /> <br />0110283038 <br /> <br />pago 3 of 1 ~ <br /> <br />v. R.. l . <br /> <br />Form 3028 1/01 <br />