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2oioa�s�� (P) "Feriodic Payment" means the regularly scheduled amowat due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (Q) 'RESPA" means the Real Estate Settleme�at Procedures Act (12 U.S.C. Section 2601 et seq.) and its iznplementing regulation, Regulation X(24 C.F.R. Part 3500), as they rnight 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 cegard to a"federally related nnortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrawer" means any party that has talcen title to the Praperty, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF ItIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of tha Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrux�ent and the Note. Por this purpose, $orrower irrevocably gratits aaad conveys to Trustee, in trust, with power of sale, the following described property lvcated in the County of Hall . [Type nf Recording Jurisdiction] [Name of Recording Jurisdiction] LQT THIRTY FQUR (34) JEFFREY OAK3 ETGHTH SUBDIVISION IN THE CYTY OF GRAND I3LAND HALL COLINTY N�BRASKA. Parcel ID Number: 400398648 4128 NORSEMAN AVE Grand Island ("Property Address"): which currently has the address of [Street] [City] , Nebraska 68803 [Zip Code] TOGETHER WITH all the improvernents now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the praperty. All replacements and additions sha11 also be covered by this Security Instnunent. All of the fnregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Tnstruxnent, but, if necessary to comply witl� law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those intcrests, including, but not limited to, the right to fareclose and sell the Property; and ta take any action required af I,ender including, but not lirnited to, releasin� and canceling this Security Instrument. 8800885775 8800885775 NEBRASKA - Single Famity - Fannie MaelFreddle Mac UNIFORM INSTRUMENT WITH ME��1^ �-6A�NE) �Deto) Page 3 ai 15 �nitials: �/ V i Farm 3028 1/07 m [� �