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�o�oo7s�� (0) "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 Procedures Act (12 U.S.C. Sectian 2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3SOQ), as they might be amended from tirne ta tune, or any additional or successor legislation or regulation that �overns 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 mprtgage loan" even if the Loan doea not qualiFy as a"federally related znort�age loan" under RESPA. (Q) "Successor in Interest of Sorrower" means any party that has talcen title to the Property, whethar or not that party has assumed Borrower's obligations under the Nate and/or this Security Instrument. TRAN5FBR O�' RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and madifications of Che Note; and (ii) the perforrnance af Borrower's covenants and agreements under this Security Instxurnent and the Note. :For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the County of HALL . [Type o1� Rccording .lurisdiction� [Name of Recording Jurisdiction] LOT FIVE (5), BLOCK TWO (2), IN CLAUSSEN CDUNTRY VIEW ADDITION TO 7HE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Parcel ID Number: 400031477 813-815 CLAUSSEN AVE GRAND I5LAND ("Property Address"): which currently has the address of [Street] [City] Nebraska 68801 [Zip Code] TOGETHER WITH a11 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 a11 claims and demands, subject to any encumbrances of recard. 230841 NEBRA5KA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) (oa� �) Page 3 of 15 i��c�ei8:�� Form 3026 1/01 �