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20090599 (O) "Maortgage Insarance" means insurance protecting Lender against the nonpayment of, or default an, the Loan. (P) "Periodic Paymmtt" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (iri) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.G. ~26fl1 et seq.) and its implementing regulation, Regulation X (24 G.F.R. Part 3500), as they might be amended from time to time, or any additional ar successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related ma~tgage 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 tide to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Tnstrument. TRANSFER OF RIGHTS 1N THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MFRS. This Security Instrument secures to Lender: (i} the repayment of the Loan, and ail renewals, extensions and modifications of the Note; and (ii) the performance of $orrower's covenants and agreements under this Security Instrument and the Note_ For this purpose, $anrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the COUNTY [1°ypo ad'Reaoi'ding )uriedietianl of HALL (Name pf According 7urisdictaoal SEE LEGAL DESCRIPTION ATTACHED HERETO AND MARL A PART THEREOF. which currently has the address of 2134 BRAHMA 5TF2t=ET (Sneer] GRAND ISLANd ,Nebraska 688(31 ("Property Address"): C~tY.I [Zip Cadc] TOGIwTHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and 1`ixtures now or hereafter a part of the property. All replacements and additions shaII also be covered by this Security Instrument. Alt of the foregoing Is referred to in #his Security Instrument as the "Property." Borrower understands and agrees that MFRS holds only Iegal title to the interests granted by Borrower in this Security In~rument, but, iF necessary to cpmply with law or custom, HERS (as nominee far Lender and Lenders's successors and assigns) has the right: Iv exercise any nr all of those interests, including, but nut limited tp, the right to foreclose and sell the Property; and to #ake any action required of Lender Including, but not limited to, releasing and canceling this Security Instrument. NS13Yt.A581~--SingleRamtly.-PsnnieMadFraddi~Alaei]TDOSMIA1firR1A~ffiI1TPotm9adi ll0 GCt: M[~13t128-03 (09/Ill) (Page 3 of79) jig;