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2oosossi7 (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.1'. R. Part 3.500), as they might be amerrded 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 arc imposed in regard to a "federally related mortgage loan" even if the loan 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 andlor this Security Instrument, 'I'RANSI~ER Ol' RIGHTS IN THr PROPL;RTY 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. Por this purpose, Borrower irrevocably grants and conveys to 'T'rustee, in trust, with power of sale, the following described property located in the Caunty of HALL [Type of Recording 7urisdicticm] [Name of Recording 7urisdictionJ LOT FIVE (5), IN BLACK TEN (lp), IN ASHTON PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Parcel ID Number; 400011352 which currently has the; address of 2419 W KOENIG ST [Street) G1iiAND TSI,ANI) [Cityj, Nebraska 6$$03-5344 flip (.'ode) ("Property Address"): TOGE1'HI3R 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 "Prapcrty." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has tare 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. f~ 011029990$ Initials: ~ /0./ -6(NE) ~ono~~.oz Pie s or 15 Form 3028 1/01