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201048934 (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'. Section 2601 et seq.) and its i��lplementing regu;ation, Regulation X(24 C.F.R. Part 3500), as they might 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 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 Rorrowcr" aneans any party that has taken title to the Property, whcther or not that party has assumed Borrnwer's obligations under the Note and/or this Security Instrument. TRANSF�;R OF R1GHT5 IN THE PRO�'ERTY This Security Instrument secures to Lender: (i) the repayment of the Lnan, and all renewals, extensions and modi�cations of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Truscee, in trust, with power of sale, the following described property located in the County ot Hall : �7'ype nf Recording Jurisdictinn� [Name o1' Recording JurisdictionJ Lot Four (4), Block One (1), Woodland Park Second Subdivision, in the City of Grand Island, Hall County, Nebraska Parcel ID Nu�r�ber: 400425033 4172 Iowa Ave Grand Island ("Property Address"): which currently has the address of' �Street� [Cicy�, Nebraska 68803 f��p co�irl TOGETHER WITH all thc improvements now or hereafter erected on the property, and all easements, appurtenances, and �xtures now or hereafter a part of the property. All replacernents a��d additions shall also be covered by this Securiry 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 unencumhered, except for encumbrances ot record. Borrower warrants and will defend generally the title to the Property against all c]airns and demands, subject to any encumbrances of record. NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT /� �-61NE) losi i1 Page 3 of 15 i�n�ais:�/C.(,� Form 3028 7/07 � �r ,; ei, �