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�o�io�37� (0) "Periodic Payment" means the regulazly scheduled arnount due far (i) principal and interest under the Note, plus (ii) any amounts under Section 3 af this Security Tnstrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.5,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 are imposed in regard to a"federally related rnortgage 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 the Property, whether ar not 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 repayrnent of the Loan, and all renewals, extensions and madifications of the Note; and (ii) the performance of Borrower's covenants 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 described property located in the County of Hall . �Type of Recording Jurisdiction] [Nxme of Recording 7urisciiction] Lot Eight (8). Block Three (3). Pond�rosa Lake Estates Fourth Subdivision, an Addition to the City of Grand T51and, Nebraska. Parcel ID Number: 400384507 339 Ponderosa Dr Grand Island ("Property Address"): which currently has the address of [Street] [ciry�, Nebraska 68803 [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 of the property. All replacements and additions shall also be covered by this Security Instrurnent. All af the foregoing is referred ta in this Security Instrurnent 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 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 UNIFQRM INSTRUMENT � � lpsi � 1 Page 3 of 15 Initials: �� Ofm $OZ$ 9/09 �