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20i�oo4s� (P) "Perivdic Payment" means the regularly scheduled amount due far (i) principal and interest under the Note, plus (ii) any amounts under Seclian 3 of this Security Instrument. (Q) "RESPA" means the Rcal Estate 5ettlement Procedures Act (12 U.S.C. Secuon 2601 et seq.) and ats implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional ar successor legislatian or regulation that governs the same subject maUer. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the Laan does not qualify as a"federally related mortgage loan" under RESPA. (R) "Successar in Intcrest of Borrower" means any party that has taken tide ro the Property, whether pr not that party has assumed Borrower's nbli�;ations under the Nate and/or this Security Instrument. TRANSFER OF RIGHTS TN TH� PRQPERTY The beneficiary of this Security Instrument is MF�RS (solely as npminee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Securiry Instrument secures to T�ender: (i) the repayment of the Loan, and all renewals, extensions and modi#`icatians of the Note; and (ii) the performance of Barrower's covenants and agreements urider this Security Instrument and the Nate. For this purpose, Borrower irrevacably grants and conveys to Trustee, in trust, with power of sale, the following described properky located in the County ot Hall � �1'ype nF Recording Jurisdiction] �Name of Recording Jurlsdiction� Zot Three (3), Colonial Estates Fxfth 5ubdavisaan, City of Grand Isl.and, Hall Coun.ty fl�ebraska Parcel ID Number: 3111 KENNEDY WAY GRAND I S ("Property Address"): wh'rch currently has the address af [Street7 [Ciry� , Nebraska 68803-3460 CZip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and �`ixtures now or hereafter a part of the praperty. All replacements and additions shall also be covered by this 5ecurity TnstrumenL A11 of the foregoing is referred to in this Securiry Instrument as the "Praperty." Borrnwer understands and agrees that MERS holds only legal title to the interest granted by Borrower in this Security Instrumenf, bul, if' necessary tv comply with law or custom, MER5 (as nominee for Lender and [.ender's successors and assigns) has the right: ro exercise any or all of those interests, including, but nat limited to, the right to foreclose and sell the Property; and to take any action requir'ed af Lender including, k�ut npt limited to, releasing and canceling this Security Instrument, 001122305971 CitiMortgage 3.2.43.08 V4 NE9FtASKA - Single Family - Fannie Mas/Freddie Mac UNI�ORM INSTRUMENT Wll'� �-GA�NEJ (OB10) � Page 3 oF 15 �nitia�s�� Fo�m 3028 1l01 � ~� �