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~oo9~s~s~ (O) "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 U.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, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the hoar does not qualify as a "federally related mortgage loan" under RESPA. (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 1N 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 kecording Jurisdiction] [Name of Recording Jurisdiction] A TRACT OF LAND COMPRISING PART OF THE EAST HALF OF THE SOUTHEAST QUARTER (E1/2 SE1/4) OF SECTION TWENTY THREE (23), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF THE SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE RUNNING SOUTHERLY ALONG THE EAST LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER, A DISTANCE OF 530.0 FEET; THENCE RUNNING WESTERLY AND PARALLEL TO THE NORTH LINE OF SAID SOUTIi HALF OF THE SOUTHEAST QUARTER, A DISTANCE OF 435.6 FEET; THENCE RUNNING NORTHERLY AND PARALLEL TO THE EAST LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER, A DISTANGE OF 530.0 FEET TO A POINT ON THE NORTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER; THENCE RUNNING EASTERLY ALONG THE NORTH LINE OF SAID SOUTH HALF OF THE SOUTHEAST QUARTER, A DISTANCE OF 435.6 FEET TO THE POINT OF BEGINNING, SUBJECT TO ROADS, EASEMENTS, TA7~S, LIENS AND RESTRICTIONS OF RECORD. Parcel 1D Number: 400207192 1718 S SHADY SEND RD GRAND ISLAND ("Property Address"): which currently has the address of {Street]... [City], 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 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. 230593 NEBRASKA -Single Family -Fannie Mae/Freddle Mac UNIFORM INSTRUMENT -6(NE) losit> Pa9e3 of 15 Inisiais: ~ Form 3028 1/01