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�oiioo377 (P) 'Teriodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) ar�y amounts under Section 3 of this 5ecurity Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its rmplementing regulation, Regulation X(24 C.F.R Part 3500), as they might be amended from time to time, or any addikional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all re�uirements and restrictrons that are imposed in regard to a"federally related mortgage lnan" evem if the Loan does not qualifiy as a"federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any pariy that ha,s taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note attd/or tlus Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nomin�e for Lender and T,ender's successors and assigx►s) and the successors and assigns of MERS. This Security Inst7 secures to Lender: (i) the repayment of the Loara, and ail renewals, extensions and modifications of the Note; artd (ii) the pert'ormance of Borrower's covenants and agreements under this Security Instruxrient and the Note. For this purposa, Bonower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following describ� properiy located in the County of Hall _ [Type of Recording 7urisdiction] [Name of Recording 7urisdiction] THE WESTERLY FIFTY-NIN� (59) FEET OF IAT TWO (2), IN BLQCK TWO (2), IN WESTERHOFF'S FIR3T SUBDNI3ION, IN THE CITX OF GRAND ISLAND, HA,LL CQUNTY, N`�nRnc�� pTING THE WESTERi.Y TWO (2) FEE1' TI�REOF AND AL50 EXCEPTING THEREFROM TIiE NORTH '1'HIRTY (30) k'EET HERETOFORE CONVEY�D TO THE CITY OF GRAND ISLAND FOR STREET pURPOSES. Parcel ID Number: 400112604 3Q11 Westsida Stre�t Grand Island ("Praperty Address"): w}uch cu�xently has the address of [Street] [city] , Nebxaska 68803 [zip Code] TOGETHER WITH all the improvements r►ow or hereafter ere�ted on the property, and aGll easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Iustrument. All of the foregaing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal tztle to the interest granted by Borrower in this Security Instrurnent, but, if necessary to comply with law or custotn, MERS (as nominee fox Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests, including, but not limrted to, khe right to foreclose and sell the Property; and to take any action re�uired of Lender including, but not lirnited to, releasing and canceling this Security Instrunnent. 2200Q91456 NEBRASKA - Singla Family - Fannia Mae/Freddie Mac UNIFORM IN57RUMENT WffH� �-6/�(N� (0810) PegB 3 of 15 IniGels- e n vsru�r� Fo�+sozs vo�