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201005592 (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) "IiESPA" 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 Instrument, "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 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 and/or this Security Instrument. 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 Nate; 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 of Recording Jurisdiction] FRACTIONAL LOT DNE (1), IN BLOCK ELEVEN (11) OF CHARLES WASMER'S ADDITION TO THE CITY DF GRAND ISLAND, AND ITS COMPLEMENT, TD-WIT: ALL OF FRACTIONAL BLOCK ELEVEN (11) DF PALMER'S SUBDIVISION OF LDT NUMBER SEVEN (7), OF THE COUNTY SUBDIVISION OF THE 30UTHEAST QUARTER OF THE SOUTHWEST QUARTER (SE1/4SW1/4) OF SECTION NUMBER SI7LTEEN (16), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA Parcel ID Number: 400107597 which currently has the address of 1501 W DIVISION ST [Street] GRAND ISLAND [city], Nebraska 68801--5743 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now ar 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 encttmbrances of record. Borrower warrants and will defend generally the title to the Property against al] claims and demands, subject to any encumbrances of record. 230825 NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT -6(NE) ios~:~ Page 3 of 15 m.ue~s ~ Form 3028 1/01