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201009493 <br />(0) "Periodic Payment" means the regularly scheduled amaunt due for (i) principal and interest under th� <br />Note, plus (ii) any amaunts under Section 3 of this Security Jnstxwnent. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (l2 U.S.C. Sectian 2601 et seq.) and its <br />impletnenting regulation, Regulation X(24 C.F.R. Part 3500), as they might be amende�d from time to <br />time, oz' any additional or successor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard <br />to a"federally related mortgage loan" even if the T_.oan does not qua�ify as a"federally related znortgage <br />loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Properiy, whether or <br />not that party has assumed Borcower's obligations under the Note and/or this Security Instrwxaent. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreecnents under t�is <br />Security Instrument and the Note. For this purpose, Borrower irrevocably grants and c�mxeys �o <br />Trustee, in trust, with power of sa1e, the following described pmperty located in i� <br />County of Hall . <br />[Type of Recording 7urisdiction] [Name of Recording 7urisdiction] <br />Lot Five (5), Block One (1), Ponderosa Lake Estates Third Subdivision, in <br />the City of Grand Island, Hall County, Nebraska. <br />Parcel ID Number: 400364743 <br />140 Ponderosa Dr <br />Grand Island <br />("Property Address"): <br />which currently has the ac3dress �f <br />t�] <br />[C�ryl, Nebraska 68$03 l��l <br />TOGETHER WITH all the irnprovements naw or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now ar hereafter a part of the property. All replacements and <br />additions shall alsa be covered by this Security Instrurnent. All af the foregoing is referred to in this <br />Security Instrurnent as the "Property. " <br />BORROWER COVENANTS that Borrower is lawfully seised af the estate hereby conveyed and has <br />the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances <br />of record. Borrower warrants and will defend generally the title to the Property against all claims and <br />demands, subject to any encurnbrances of record. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac 11NIFORM INSTRUMENT <br />�-s�N�) (0811) Page 3 of 15 Mitiels: <br />� <br />� � A � 8 � �t 'r . <br />Form 3028 1(01 <br />