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2011016�0 (0) "Periodic Payment" means the regularly scheduled amount due for (i} principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.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 Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (Q) "5uccessor in Interest of Borrower" means any party that has taken title to the Property, whether or 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 repayment of the Loan, and all renewals, extensions and modifications 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] [Name of Recording Jurisdiction] A tract of land comprising a part of the Sontheas# Quarter (SEY/4} of 8ection Sixteen (1G}, Township Ten (1Q) North, Range Ten (14) R'est af the 6th P.M., Hall County, Nebraska, moxe particulariy described as follows: Beginning at a point on the south line of said Section Sixteen (1�, said point being 815.0 feet �vest of the southeast carner of said Section Sizteen (1�; thence westerly along the sonth line of said Section Sixteen (16), a distance of 226.0 feet; thence defleeting right 91°37'30" and running uortherly, a distance of Z78.0 feet; thence easterl.y parallel to the soutb line of said 5ection Sixteen (lb}, a distance of 226.0 feet; thence deflecting right 91°37�3Q" and running southerly a distance af 278.0 feet to the place of beginning Parcel ID Number: 400217813 5150 W Wood River Rd Grand Island ("Property Address"): which currentiy has the address of [Street] [city], Nebraska 68803 [zip code� TOGETHER WITH all the unprovements 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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Bonower 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 demands, subject to any encumbrances of record. 231067 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �� / �-6(NE) �oe�� Paga3 of 15 �nitia� : t� Forrt1 3028 1l09 m