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2oioo29o~~ (~} 'Periodic Fayment" 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) "RESFA" 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 3700), 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 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 ]oan" 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 and/or this Security lnstrument. TRANSFER OF RTGHTS 1N THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and madi~cations 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 .lurisdiction] [Name of Recording .iurisdictinn] The Easterly Nalf of Lot Five (5}, in. Fractions! Block Eight (8) of Kernahan and Decker's Addition to the City of Grand Island, Nebraska and the Easterly Two (2) Feet of the Westerly One Half (W 1!2) of Lot Five (5) in Fractional Block Eight (8) of Kernohan and Decker's Addition to the City of Grand lsland, according to the retarded plat thereof, and in Addition thereto an easement over, across and upon the Easterly Two (2) Feet of the Westerly Thirty one (3'1) Feet of said Lot Five (5) for the purpose of servicing the dwelling house now situated upon the Easterly Thirty Five (35) Feet of said Lot Five (5) with respect to repairs and improvements thereto, painting thereof changing screens and storm windows thereon and any other necessary service to said dwelling; buf said easement to continue only sa long as said present dwelling shalt stand on the Easterly Thirty Five (35) feet of said Lot Five (5). Parcel LD Number: 400051613 which currently has the address of 1420 WEST 3RD ST [Street] GRAND ISLAND [Cit.y], Nebraska 68801 [lip Code] ("Property Address"): TOGETHER WTTH all the improvements now or hereafter erected on the property, and all. easements, appurtenances, and ti.xtures now or hereafter a part of the property. All replacements anal additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security InstrLUnent as the "Property," 130RROWER 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 general]y the title to the Property against all claims and demands, subject to any encumbrances of record. _~ ~ 230745 NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT ~i -6(NE) loaii~ Pepe3 ores in~raisV"~~ Form 3028 1101 d