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201103756 <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 af this Sectuity rnatr���t. <br />(� "RE5PA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X(24 C.F.R Part 3500), as they might be ffinended from time to <br />ti�e, or any additional or succe.gsor legislation or regulation that governs the same subject matter. As used <br />in this Security Instrument, "RESPA" refers to all requirements and restrictions that are impos� in regard <br />to a"federally related mortgage loan" even if the Loan does not qualify as a"f�erally related mortgage <br />loan" tmder RESPA. <br />(R) "Snccessor in Interest of Borrower" means any party that has taken title to the Property, whether ar <br />not that party bas assumed Borrower' s obligations under the Note and/or this Security Instrumen� <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Se�urity Instnnnent is MERS (solely as nomines for Lender and <br />Lender' s successors and assigns) and the successors and assigns of MIItS. This Security <br />Insirament secure.s to Lender; (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (u) the performance of Bonower' s covenants and agr�ts under <br />this Security Instrvment and the Note. For this purpose, Bonower irrevocably grants and <br />conveys to Trustee, in trust, with power of sa1e, the following describe� property loc�ted in the <br />County of flall . <br />[Type of Recording Juriadiction] [Name of Recording Jnriediction] <br />LOT ONE (1), WESTWOOD PARR SODRTH 3IIBDIVISION, IN THE CITY Ok' GRAND <br />ISI.AND, BALL COUNTY, NEBRASRA <br />Parcel ID Number: 400392542 <br />4004 W. Faidley Ave <br />Grand Island <br />("Properiy Address"): <br />which currently has the address of <br />[street] <br />[City] , Nebraska 68803 [Zip code] <br />T�ETHER WITH all the improvements now or hereafter erecteri on the properiy, and all <br />easeme�nents, appurtenances, and �xtures now or hereafter a part of the properby. All replacements and <br />additions shall also be cove�ed by this Security �ent. All of the foregoing is refened to in this <br />Security Instrument as the "Properiy." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Bonower in this S�urity Insbnunent, but, if necessary to comply with law or <br />custom, MERS (as nominee for Lender and I.ender' s successors and assigns) has the right: to exercise any <br />or all of those interests, including, but not limited to, the right to fareclose and sell the Progeriy; and to <br />take aay action required of Lender including, but not limited to, releasing and canceling this S�urity <br />instrument. <br />2200133693 <br />NFB�RASKA - Single Femily - Fannle Mae/Freddte Mac UNIFORM INSTRUMENT WRH M <br />��A(Nq coa�ol Paga 3 of 16 N(y�; � <br />m <br />G� <br />D V6ANE <br />Form 3028 7/01 <br />