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201009788 <br />(P) 'Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security lnstrument. <br />(Q) "RESPA" means the Real Estate Sertlement Procedures Act (12 U. S. C. Section 2601 et seq. ) and its <br />implementing regulation, Regulation X(2a C.F.R Part 3500), as they might be amended from time to <br />time, or any additional or successor legrslatian or regulation that governs the same subject matter. As used <br />in thas 5ecurity Instrument, "RESPA" refers tp all re�uirements and restrictions that are imposed in regard <br />to a"federally related mortgage loan" even if the Ldan does not quaHfy as a"Federally related mortgage <br />loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title tn the Property, whether or <br />not that pariy has assumed Borrower's obligations under the I�Tote and/or this Security instrument. <br />TRANSFER OF RIGHTS IN THE PROPER'.CY <br />The beneficiary of this Security lnstrument is MERS (solely as nominee for C.endzr and <br />Lender's successors and assigns) and the successors aud assigns of MERS. "T'h.is Security <br />Instrumcnt secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifrcati�ns of the Note; and (rr) the perFormance of Borrawer's cc�venants and agreements under <br />thrs Security Instrwnent and the Note. For this purpose, Borrower irrevocably grants and <br />conveys ta Trustee, in hvst, with power of salE, the £ollowing described property located in the <br />County of Hall = <br />[Type of Recording 7urisdiction] <br />SE� ATTACHED LEGAL DESCRIPTION <br />[Name of Recording lurisdiction] <br />Parcel ID Number: �400147246 <br />1031 S. Eddy Street <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />[sNeec] <br />[C�ry] , Nebraska 68801 [zip code] <br />TOGETHER WITH all the rmprovements now ar hereafter erecte�i on the property, and all <br />easements, appurtenances, and fixtures .now or hereafter a part of the prope�ty. All replacements and <br />additions shall also be covered by this Security instrume�t. All of the fore�oing is referred to rn this <br />Secuu lnstrument as tlie "Property." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any <br />or all of those interests, including, but not limated to, the right to foreclose and sell tUe Yroperty; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br />2200066269 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM IN57RUM�IT WITH� <br />�-6/��N� (p810) Page 3 af 15 Initials: <br />�a> <br />D V6ANE <br />Form 3028 7101 <br />