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2oioo9ss5 <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) prinr.ipal and interest under the <br />Note, plus (ii) any atziounts tmder Section 3 of this 5ecurity Instnunent. <br />(Q) "RESPA" means tl►e Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />iuiple»►entir�g reg�dation, Regulation X(24 C.F.R. Part 3500), as they migl►t be aYt►ey►ded frory► time ta <br />tixne, or any additional or successor legislation or regulatior► tl►at gnverns the same suhject matter. As rrsed <br />in this Senirity Instrument, "RESPA" refers to all requirements ar�d restrictions that are iria�x�sed in regard <br />to a"federally related mnrtgage loan" even if tlie Loan does not qualify as a"federally related mortgage <br />laan" under RESPA. <br />(R) "Successor in Interest af Borrower" means any party that has taken tide to the Property, whether or <br />not that party has assuit►ed Borrawer's obligations under the Nate and/or this Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The ber►efir.iary af this Security Instnutient is M�RS (solely as nominee for Le�►der at�d <br />Lender's srrccessors aud assigns) and the successors and assigns of MERS. This 5ecurity <br />Instnimet�t secures to Lender: (i) d►e repayment of d►e Loan, and all renewals, extensions <br />and modificatior►s of the Note; and (ii) tlie performance of Borrawer's coven�►ts and agreements iinder <br />diis Security Listrument and ihe Note. For Wis purpqse, Borrower irrevocably grants and <br />conveys to Tnistee, in trust, with power of sale, the following described property located in the <br />County of Hall . <br />See Title <br />�Type of Recording Juriuliclion� <br />�Name nf Recnrdirig Jurisdiction� <br />Parcel ID Nuiuber: <br />717 CHURCH ROAD <br />GRAND ISLAND <br />("Property Address"): <br />which currendy has the address of <br />[Sti•eetl <br />(c:iry� , Nebraska 68801-7183 [z�F� c«1P� <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or 1►ereafter a part of the property. All replacements and <br />addltions shall also be covered by this 5ecurity I►utrument. All of the foregoing is rcferred to in tltis <br />Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal tide <br />to the interest granted by Borrower in this Security Instrument, b�it, if ner.essary tn comply with law or <br />custom, MERS (as nominee for Lender a�►d Lender's successors and assigns) 1►as d�e right: to exercise any <br />ar all of those interests, in�l�4ding, but not limited to, the right to foreclose and sell the Property; arid to <br />take any action required of Lender including, but not litnited to, releasing and canceling this Security <br />Instn�ment. <br />001122308972 [001122308972] <br />N�@RASKA - Single Family - Fannie Mae/Freddie MaC UNIFORM INSTRUMENT WITH EJ3S , <br />��A(N� �osto� Page 3 of 15 Inlnais: •' J ��� Form 3028 1/01 <br />