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201008523 (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 Instnunent. (P) "RESPA" means the Real Estate Settlernent Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulatian, Regulatipn X(24 C.F.R, Part 3500), as they might be amended from tirne to time, or any addicional or successor legislation or regulation tkAat governs the samc 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 Interest of Borrower" means any party that has taken title to the Froperty, 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 Tnstrument secures ta Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Nate; and (ii) the perfornnance 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 Iurisdiction] Lot One (1), Billy Poe Subdivision, Hall County, Nebraska. Parcel ID Number: 400209624 514 S Shady Bend Rd Grand Island ("Property Address"): which currently has the address of [5treet] [ciry), Nebraska 68801 [zip cofle� 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 C�VENANTS that Borrawer is lawfully seised of the estate hereby conveyed and has the right to grant and cauvey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrauts and will defend generally the title to the 1'roperty against all claims and demands, subject to any encumbrances of record. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNI�ORM INS7RUMENT �-g�N�) (081 U Pape 3 of 15 Initial : �$ Form 3028 1/01 7 i � 1 ! � ' ,�� ` �