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20100915 <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any arnounts under Section 3 of this Security Instrument. <br />(P) "RESPA" mcans the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />irnplernenting regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from tirne to <br />time, or any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instxument, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage <br />loan" under RESPA. <br />(Q) "Saccessor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Bonower's obligations under the Note and/or this 5ecurity Instrument. <br />TRANSFER OF RJGHTS 1N THE PROPERTY <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modi�cations of the Note; and (ii) the performance of Borrower's covenants and agreements under this <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and canveys to <br />Trustee, in trust, with power of sale, the following described property located in the <br />County of HALL . <br />[Type of Recording 7urisdiction] [Name nf Recording Jurisdiction] <br />LOT TWO (2), BLOCK SIX (6), KAY DEE SUBDIVISION, IN THE CITY OF GRANb <br />ISLAND, HALL COUNTY, NEBRASKA <br />Parcel ID Number: 400Q51214 <br />2215 �EL MAR AVf <br />Grand Island <br />("Property Address"): <br />which currently has the address af <br />[Street] <br />[city], Nebraska 68803 [7.ip code] <br />TOGETHER WITH al] the imprpvements now or hereafter erected on the property, and all <br />easements, appurtenances, and �xtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing ia referred to in this <br />Security Instrument as the "Property." <br />BORROWER COVENANTS that Sorrow�r is lawfully seised of the estate hereby conveyed and has <br />the right ta grant and convey the Property and that the Property is unencumbered, except for encumbrances <br />of record. Borrower warrants and will defeand generally the title to the Froperty a�ainst all claims and <br />demands, subject to any encumbrances of record. <br />230991 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT /•, , <br />�-6(NE)@e��) Pape3of15 �nitia�s: (/V/�'` Form3028 7107 <br />� <br />