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200910137 (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) "RES1'A" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 ct seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 35UU), 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 Loan does oat qualify as a "federally related mortgage loan" under R1tiSPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or oat that party has assumed Borrower's obligations under the Note and/or this Security h~strument, TRANST'ER OF RIGHTS 1N THE PROPERTY This Security Instrument secures to Lender: (i) the repayment cif 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 T~AT•I, [Type of Rea~rding jurisdiction] [Name of Recording Jurisdicticm] LOT FIVE (5), BISHQ~ HEIGHTS SUBI~IVISIUN, IN THE CITY pF GRAND ISLAND, [TALL CpCTNTY, NEBRASKA. Parcel ID Number: 400151715 which currently has the address of 2217 GATEWAY AVE [Street] Grand Island [cry], Nebraska 688p3-2244 [7.ip code] ("Property Address"): 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." BURROWER CUV>tiNANTS 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. Initials: V -B(NE) (0407).2 Page 3 of 15 0110299950 Form 3028 1/01