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�01009355 (0) "Periodic Payment" means the regulazly 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 Settlernent Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing regulation, 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 Instrurnent, "RESPA" refers to all requirements and restrictions that aze imposed in regard to a"federally related mortgage loan" even if the I�oan does nat qualify as a"federally rclated mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or nat that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Barrower's cavenants and agreements under this Security Instrument and the Note. Far this purpose, Barrower irrevocably grar�ts and conveys to Trustee, in trust, with pawer af sale, the following described property located in the County of Wall . [Type of Recording 7urisdiction] [Name of Recording Jurisdiction] Fractional Lot Two (2), Fractional Block Forty (4D), Morrill's Addition to the City of Grand Island, Hall County. Nebraska, and its complement. Fractional Lot Two (2), Fractional Block Forty Eight (48), of Subdivision of Blocks F'orty Eight (4$) and Forty Nine (49), of Wasmer's Third Addition to the City of Grand Island. Hall County. Nebraska and Lot One (1), in Fractional Block Forty Eight (48), in Subdivision of Blocks Forty Eight (48) and Forty Nine (49) of Wasmer's Third Addition to the City of Grand Island. Hall County, Nebraska Parcel ID I�Tumber: 40 01110 2 0 2205 W John St Grand Island ("Property Address"): which currently has the address of [Street] [Ciry], Nebraska 6$803 [zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part af the praperty. All replacements and additions shall also be covered by this Security Instrurnent. All af the faregoing is referred to in this Security InstrunnenC 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 unencumbered, except for encumbrances af record. Borrowex warrants and will defend generally the title to the Praperty against all claims and demands, subject to any encumbrances of record. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) loet t1 Pege 3 of 15 i��t�ais• � Form 3028 1/01 , � � � Z � °' C t • ' � 'fi