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20090'7147 20031453Q (P) 'Teriadic 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. (Q) "ItESI'A" 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, ar any additional or successor legislation ar 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 Loan does not qualify as a "federally related rnartgage loan" under RESPA. (R) '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 The beneficiary of this Security Instrument is MFRS (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 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. Far this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the Cqunty of Hall ['type of Recording Jurisdiction] [Name of Recording Jurisdiction] THE WESTERLY 38 FEET OF THE SOUTHERLY 140 FEET OF LOT 12 OF THE COtSNTY SUBDIVISION t)F PART OF THE SOUTH 1/2 SOUTHEAST 1/4 OF SECTION 16, TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M. AND THAT PART OF LOT 13 OF THE COUNTY $iJBDIVISION OF PART OF SOUTH 2/2 SOUTHEAST 1/4 OF SAID SECTION ].~, TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASPtA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A ---~ti3lt~'1'~ ~0 FEET SOUTH OF THE NORTHWESTERLY CORNER OF SAID LOT 12 AND THENCE WESTERLY PARALLEL TO THE NORTHERLY LINE OF SAID COt]NTY SUBDIVISION A DISTANCE bF 3Z FEET: THENCE SOUTHERLY Pr-~nr.r.rrr. TO THE WESTERLY LINE OF SAID LOT 12 A DISTANCE OF 140 FEET; THENCE EASTER,I.Y A DISTANCE OF 32 FEET TO THE SOUTHWESTERLY CORNER OF SAID LOT 12; THENCE NORTHWESTERLY ON THE WESTERLY LINE OF 8AID LOT 12 A DISTANCE OF I40 FEET TO THE POINT OF BEGINNING Parcel ID Number: 400144794 which currently has the address of 607 W. CHARLES STREET ~ [Street] Grand Island [City], Nebraska 68t301 [zip Code] ("Property Address"): TOGETHER WITH all the [mprovements now or hereafter erected an the property, and all Casements, appurtenances, and fixtures now or hereafter a part of the property. Ali 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 understands and agrees that MFRS holds only legal title to the interest granted by Banrower in this Security Instrument, but, if necessary to comply with law ar custom, MFRS (as nominee far Lender and Lender's successors and assigns) has the right: to exercise any ar all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 27917586 ],7917586 Initials:~~ I~•6A{NE] (aoos).ot a.y.a et is Form 3028 1JD1