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�oioos4s� (P) "Periodic Payment" means the regularly schedule� amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Secu.rity Instr�unent. (Q) '�tESPA" means the Real Estate Settlement Pracedures Act (12 U.S.C. Section 2601 et seq.) atid its implementing regulation, Regulation X(24 C.F.R Fart 3500), as they might be amcaded from time to time, or any addirional or successor legislation or regulation that governs the sam.e subject matter. As used in this Security Instrument, "RESPA" refers to all requirernents an.d restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally xelated mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Prnperty, whether or not that party has assumed Bonower's abligations under the Notc and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's su.ccessoars and assigns) ar�d 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 the Note; and (ii) the perfornuuice of Bo�ovver' s covenants and agreements under this Security Insmament and the Nota. For this purpose, Boxrowzr irrevocably grants and conveys to Trustee, in trust, with power of sale, the following deseribed property locate� in the County of Hall . [Type of Recording 7urisdictionJ [Name nf Recording 7urisdiction] Lot� Or�e Hundred Tne�aty (120) and One Hundred T�►er�ty One (121) , Belmont Addition tc th� City of Grand Island, Hall Ccur►ty, Nrbraak� n'Th�B �8 � p137CCh�8� money Aeed Of TrUBt, r � Parcel ID Numb�r: 400017245 S06 N. Grace Avenue Grand �aland ("Property Address"): whicla currently has the address of [S�eet] [City] , NebrASlca 69803 [zip code] TOGETHER WITH all the improvemezats now or biereafter erect� on t}�,e property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. A,11 replacements and additions shall also be covered by this Security Inst�rurnent. All of the foregoing is refecced to in this Security Instrument as the "Property." Horrower underatands and agrees that MERS holds only legal iitle to the interest granted by Borrower in this 5ecurity Instrument, but, iF necessary to cornply with law ar custoxza, MERS (as nominee for Lender and Lender' s successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not lirnited to, releasing and canceling this Security Instrumex�t. 2200068229 D V6AN� NEBRASKA - Single Fsmily - Fannla Mae/Freddle Mac UNIFORM INSTRUMpVT WfTH � �-6A(NE� loa�o� Pege 3 of 15 Initlala: t Form 3028 7/01 �