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2010U�38� ;� (0) "Periodic Payment" rneans the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any arnounts under Section 3 of this Security Instrurnent. (I� "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 26D1 et seq.) and its irnplernenting regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended fronn time to tirne, or any additional or successar legislation or regulation that govems the sarne subject matter. As used in this Security Instrument, "RESPA" refers to all requirernents and restrictions that aze irnposed in regazd ta a"federally related mortgage loan" even if the Loan does not qualify as a"fe�erally related mortgage loan" under RESPA. (Q) "Succes.4or 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. TR.A.NSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment af the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreaments under this Security Instrument and the Note. For this purpase, Barrower 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 Ju►tisdiction] [Name of Recarding 7urisdicaon] Lot Seven (7), Rainbow Lake Third Subdivision, Hall County, Nebraska. Pazcel ID Number: 400367947 1804 Rainbow Rd Grand Island ("Property Address"): which currently has the address of [5�eet] [C�ry], Nebraska 68$O 1 [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall alsa be covered by this Security Instrurnent. All of the foregoing is referred to in this Security Instrument as the "Property." �ORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all clauns and demands, subject to any encumbrances of record. NE6RASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) �oet 11 Page 3 of 15 i�it�ais: Form 302$ 7l07 � �? i; ' .� ! : . • • �