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201001654 <br />(O) "Periodic Paymeut" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to <br />time, or any additional or successor legislation ar regulation that gaverns the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a "federally related mortgage loan" even if the l.aan daes not qualify as a "federally related mortgage <br />loan" under RESYA. <br />(Q) "Successor in Interest of I3arrawer" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower's obligatians under the Note and/or this Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender; (i) the repayment of the Loan, and all renewals, extensions and <br />modificatians of the Nate; and (ii) the performance of Barrawer's cavenants and agreements under this <br />Security Instrument and the Nate. Far this purpase, Borrawer irrevocably grants and conveys to <br />Trustee, in trust, with power of sale, the following described property located in tl~e <br />Country of HALL <br />[Type of Recording jurisdiction] [Name of Recording Juriuiictinn] <br />LOT FOURTEEN (14), SCHE)EL'S SUBDIVISION, IN THE CITY OF GRAND ISLAND, <br />HALL COC7NTY, NE~3RASKA <br />Parcel ID Number: 400215470 which currently has the address of <br />4027 SCHEEL DR [Street] <br />Grand Island [ciry), Nebraska 68801--9711 [Zip code] <br />("Property Address"): <br />TUGE"1'HER WITH all the improvements now ar hereafter erected on the: property, and all <br />easements, appurtenances, and fixtures now ar hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has <br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances <br />of record. Borrower warrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encumbrances of record. <br />///~ /~1. 017 03 01516 <br />Inltlgls: ~~1..OV. <br />-fi(NE) ~oao~;.az Pie 3 of 15 ~ Form 3028 1101 <br />~~~ <br />