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201104665 <br />(P) '�'eriodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(Q) 'RESPA" 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 amended from time to <br />time, or any additional or successor 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 imposed in regard <br />to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage <br />loan" under RESPA. <br />(R) 'Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not that party has assumed Borrower' s obligations under the Note and/or this Se�urity Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and <br />Lender' s successors and assigns) and the successors and assigns of MERS. This Security <br />Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of Hall . <br />[Type of Recording JurisdicHon] [Name of Recording JurisdictionJ <br />LOT THIRTEEN (13), ISLAND ACRES NU1�ER 7, IN THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />"PURCHASE MONEY" <br />Parcel ID Number: 400049120 <br />3019 WEST STATE STREET <br />Grand Island <br />("Property Addr�ss"): <br />which currently has the address of <br />[Street] <br />(ciry] , Nebraska 68803 (zip code] <br />TOGETI-iER WITH all the improvements now or hereafter erected on the property, and all <br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this <br />Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title <br />to the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or <br />custom, MERS (as nomine� for Lender and Lender's successors and assigns) has the right: to exercise any <br />or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to <br />take any action required of Lender including, but not limited to, releasing and canceling this Security <br />Instrument. <br />8801005321 8801005321 <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH <br />�-6A(N� (oato) Page3 of 15 �aisi E Form 3028 1/01 <br />� <br />