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~oioo571~ (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) "RESPA" means the Real Estate Settlement Frocedures 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 Intermit 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 modiftcations 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 of Recording Jurisdiction] A tract of land located in the Northwest Quarter (NWl/4) of Section Two (2), Township Eleven (11) North, Range Ten (10) West of the 6th P.M, in Hall County, Nebraska, more particularly described as follows_ Beginning at the Northeast corner of said Northwest Quarter; thence Southerly along and upon the East line of said Northwest Quarter (NW1/4), a distance of Five Hundred Eight and Two Hundredths (508.02) feet, to the Northerly right-of~-way line of the C.S. & Q_R.R.; thence Northwesterly along and upon said Northerly right-of-way line of the C.B. & Q.R.R., a distance of Two Hundred Nine and Eight Hundredths (209.08) feet; thence Northerly parallel to the East lane of said Northwest Quarter (NW1/4), a distance of Four Hundred Forty Nine and Sixty Seven Hundredths (449.67) feet to the North line of said Section Two (2); thence Easterly along and upon said North line of Section Two (2), a distance of Two Hundred One (201.00) feet to the plane of beginning. Parcel ID Number: 400199777 which currently has the address of 4205 W Airport Rd [Street] Grand Island [City], Nebraska 68803 [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. " 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. NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ,G, ~-6(NE) 10611) Page 3 of to inniais ~_: pC• Form 3028 1/01 k ~ ,