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201pQ97�1 w �� (0) "Periodic Payment" rneans the regulaxly scheduled aa�►aount due for (i) principal and interest ua�der the Note, plus (ii) any amounts under Section 3 of this Security Inst�vanent. (P) "RESPA" means the Real Estate Settlement Froceduxes Act (12 U.S.C. Sectian 2601 et seq.) and its irnplementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended fram titne 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 are irnposed 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 Borrower" means any party that has taken title to tk►e Property, whether or nat that party has assumed Borrower's obligations under the Note and/or this Security Instrwnent. TRANSFER OF RIGHTS IN THE FR�PERTY This Security Instrument secures to Lender: (i) the repay�ent of the Laan, and all renewals, extensions and modifications of the Nate; and (ii) the perfornaance of Borrower's covenau�ts and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following describe� property located in the Gounty of Hall . (Type of Recording Jurisdiction] Lot One (1), in Block Thirteen (13), in of Grand Island, Hall County. Nebraska. Parcel ID Nwinber: 4 p 0 0 9 0 4 6 5 7�3 W 15th St Grand Island ("Property Address"): [Name qf Recording 7urisdiction] Schimmer's Addition to the City which currently has thc address of I�l �c�cy�, Nebraslc,a 588D 3 Tz� c�� TOGETHER WITH all the improvements now ar hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replace�ments and additions shall also be covered by this Security Instrument. All of the foregoing is referre� to in this Security InsCz�uixaent 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 unencurnbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and dernands, subject to any encumbrances of record. NEBRASKA - Single Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) 108i 11 Page 3 of 15 Initials: � Form 302$ 7107 , s , , . �,. � �