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24 1oos93� (0) "Periodic Payment" means the regularly scheduled amount due far (i) principal and interest under the Nate, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" zneans the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 35QQ), as they might be amended frorn 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 requirernents and restrictions that aze imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally relate� mortgage loan" under R�SPA. (Q) "Successor in Interest oF Borrower" rneans any party that has taken title to the Property, whether or not that party has assunned Borrower's obligations under the Note and/or ttxis Security Instrurnent. TRANSFER UF RIGHTS IN THE PROPERTY This Security Instnunent secures to Lender: (i) the repayment of the Loan, and all renewals, ext�nsions and rnodifications af the Note; and (ii) the perforinance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Bortower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following describod property located in the County of Hall . [Type of Recording Jurisdicdon] [Name of Recording Jurisdiction] Lot Two (2), Park Gardens Fourth Subdivision, in the City of Grand Island. Hall County, Nebraska Pazcel ID Number: 40Q072904 1906 Stoll�y Park Cir Grand Island ("Property Address"): which currently has the address of (su�eet] [Ciry], Nebraska 68803 [zip catea TOGETH�R WITH all the improveznents now or hereafter erected on the property, and all easements, appurtenances, and �xtures now or hereafter a part of the property. All replacernents and additions shall also be covcred by this Security Instrument. All of the foregoing is re�erred 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 Pt'operty and that the Property is unencumbered, except for encumbrances of record. Bonower warrants a�nd will defend generally the title to the Property against all clairns and demands, subject ta any encumbrances of record. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-G�NE) (0811) Page 3 of 15 Initiels: � �pl�tl . � /� � ; �� 1 �� t"` +� �i ,.