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~~t1~U944'7 (P) 'Tertodlc Payment" means the .regularly scheduled amount due for (i) p.rincipal and interest under the Note, plus (ii) any amounts under Sex:tiion 3 of this Scx-urity Instrument. (Q) "IiESPA" means the Real Estate Settlement. Procedures Act (12 U. S. C Section 260.1 et seq.) and its implementing regtiilation, Regulation X (24 C.F.R. Part 3500), as they might be amendcal from time to tithe, or any additional or successor legislation o.r regulation that governs the same subject matter. As used in this Security Instrument, "RF.SPA" 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 RESPA. (R) "Successor in Interest of Sorrnwer" 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 Sex:urity Instrument. TRANSFER OF RI(;HTS IN TIIF., PRU.PERTY The beneficiary of this Security Instrument is MERS (solely as nonrinee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. 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 agreenu;nts under this Security Instrument and the Note. For this purpose, I3o.rrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of H~11 [Type of Recording ]m•isdiction] [Name of Recording jurisdiction] ALL THAT PART OF FRACTTONAL LOT ONE (1) BLOCK SIX (6) OF H.G. CLARK"S ADDITION TA THE CITY OF GRAND ISLAND HALL COUNTY NEBRASKA LYING NORTH AF ALINE PARALLEL WITH AND 47 F88T NORTH OF TH8 SOUTH LINE OF SATD LOT AND TT5 COM;PL]dAaENT PART OF FRACTIONAL BLOCK ].9 RUSSEL WHEELER'S ADDITION TA THE CITY OF GRAND ISLAND HALL COUNTY NEBRASKA LXTNG TMMEDIATBLY NORTH OF SAID LOT ONE (1) BLOCK ST7C (6) H.G. CLARK'S ADDITION TO THE CITY' OF GRAND ISLAND HALL COUNTY NEBRASKA. Parcel T.D Number: 4 00 0 3 0 0 3 9 which currently has the address of 603 W IOTH STREET [Stree[J Grand Tsland [City] ,Nebraska 6880]. [Zip Cnde] ("Property Address"): TOGETI-lER WITII all the improvements now or hereafter erected on the property, and all easements, appurtenances, attd fix.tttres now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instntment. All of the foregoing is .refer.red to in This Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by 13csrrower in this Security Instrutnenl', but, if necessary to comply with law or custom, M:E'RS (as nominee for Lender and Lender's successors and assigns) hag the right: to cxerclse any or all of those interests, .including, but not limited to, the right to foreclose and sell the Property; and to take any action reaquircxi of Lender including, but not. limited to, releasing and canceling this Scxttrity Instrument. 8800745200 8800745200 NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH MERS -6A(NE) (oetol Pege s of 15 inn;eia: ~ Form 3028 1/07