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200806299 (0) "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. (P) "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 legislation or regulation that governs the same subject 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 RESP A. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all 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 Recording 1urisdictionl [Name of Recording 1urisdiction] PART OF THE NORTHEAST QUARTER (NE1/4) OF SECTION FOURTEEN (14), IN TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBE)) AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAI)) NORTHEAST QUARTER (NE1/4); THENCE RUNNING SOUTH ALONG THE EAST LINE OF SAID NORTHEAST QUARTER (NE1I4) A DISTANCE OF SIX HUNDRED SIXTY (660.0) FEET; THENCE RUNNING WEST AND PARALLEL TO THE NORTH LINE OF SAID NORTHEAST QUARTER (NE1I4) A DISTANCE OF ONE THOUSAND THREE EIGHT (1~08.0) FEET; THENCE RUNNING NORTH A DISTANCE OF SIX HUNDRED SIXTY (660.0) FEET TO THE 1/16 CORNER; THENCE RUNNING EASTERLY ALONG AND UPON THE NORTH LINE OF SAID NORTHEAST QUARTER (NE1I4) A DISTANCE OF ONE THOUSAND THREE HUNDRED FOUR AND EIGHTY-FIVE HUNDREDTHS (1,304.85) FEET TO THE POINT OF BEGINNING AND CONTAINING 19.794 ACRES MORE OR LESS INCLUDING ROAD RIGHT-OF-WAY ON NORTH AND EAST SIDES. Parcel ID Number: 400217562 6066 S NORTH lID GRAND ISLAND ("Property Address"): which currently has the address of [Street] [City], Nebraska 68803 [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and al] 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 foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. S.6INEI (0407).02 @ Page 3 of 16 D#;. . 8-05-08-000012 Inil;al.: I . Form 3028 1/01 .'", .. t: ,) l '. ~ ~ .~ ~', ~ i