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201001041 (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 lnstrument. (P) "IZESPA" 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 lnstrument, "RESPA" refers to al] 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. (Q) "Successor in Interest of Borrower" means any parry that has taken title to the Property, whether or not that party has assumed Borrower' s obligations under the Note and/or this Security lnstrument. TRANSFER OF RIGHTS IN 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 Recording Jurisdiction] (Name o1' Recording Jurisdiction] A tract of land comprising a part of the West Half of the Southeast Quarter (W1/2 SE1/4) of Section Thirty One (31), Township Twelve (12) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska, and more particularly described as follows: First to ascertain the palm of beginning, start at the northwest corner of said West Half of the Southeast Quarter (W1/2 5E1/4); thence N 90° 00' 00" E (assumed bearing), along and upon the north line of said West Half of the Southeast Quarter (W1/2 SE1/4), a distance of One Thousand Three Hundred Twenty and Twenty Two Hundredths (1,320.22) feet to the northeast corner of said West Half of the Southeast Quarter (W1/2 SE1/4); thence S 00° 12' S5" E, along and upon the east line of said West Half of the Southeast Quarter (W1/2 SEl/4), a distance of One Hundred Nineteen and Sixty Six Hundredths (119.66) feet to a point on the southerly right of way line of State Highway No. 2; thence S 89° 58' 34" W, along and upon said southerly highway right of way line, a distance of Twenty Four and Fifty One Hundredths (24.51) feet to the ACTUAL point of beginning; thence continuing S 89° 58' 34" W, along and upon said southerly highway right of way line, a distance of Two Hundred Seventy Six and Eighty Four Hundredths (276.84) feet; thence S 00° 24' S1" E, a distance of Three Hundred Thirteen and Seventy Four Hundredths (313.74) feet; thence N 89° 05' 10" E, a distance of Two Hundred Eighteen and Eighty Eight Hundredths (218.88) feet; thence N 37° 38' 56" E, a distance of Fifty Six and Ninety Four Hundredths (56.94) feet; thence N 30° 21' 25" E, a distance of Forty One and Ninety Five Hundredths (41.95) feet; thence N 00° 03' S4" W, a distance of Two Hundred Twenty Nine and Eight Hundredths (229.08) feet to the ACTUAL point of begiuning 7251 W US Highway 2 (Street] Grand Island [City], Nebraska 68803 [lip 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." 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. 230699 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~•6(NE)loa~~l Page3°F15 iniriais: ~Q~ Form 3028 1101 ® ~7~V('T