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20��0�4�� <br />(0) 'Teriodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, <br />plus (ri) any amounts under Section 3 of this Security Instrument. <br />(P) 'Z2ESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing <br />regulation, Regulation X(24 C.F.R Part 3500), as they might be amended from time to time, or any additional or <br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, <br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan" <br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that <br />party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROP�2TY <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and <br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of <br />the Loan, and a11 renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's <br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants <br />and conveys to Trustee, in trust, with power of sa1e, the following described property located in the <br />COLTNTY of HALL • <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdicrion] <br />SEE LEGAL DESCRIPTION ATTACHED �IERE°I`O AL�ID M1�DE A PART �F AS E��iIBIT nA° . <br />A.P.N.: 400038129 <br />wluch currently has the address of <br />GRAND ISLAND <br />[Ciry] <br />2211 RUE DE COLLEGE <br />[streec] <br />, Nebraska 6 8 8 0 3 ("Property Address"): <br />[Zip Code] <br />TOGETHER WITH a11 the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fuctures now or hereafter a part of the properly. All replacements and additions shall also be <br />covered by this Sectu ity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." <br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security <br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors <br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose <br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing a.nd canceling <br />this Security Instrument. <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right <br />to grant and convey the Property and that the Properly is unencwnbered, except for encumbrances of record. <br />Bonower warrants and will defend generally the title to the Properly against all claims and demands, subject to any <br />encumbrances of record. <br />NEBRASKA-Single Family-UNIFORM INSTRUMENT <br />MODIFIm FOR DEPARTMENT OF VEfERANS AFFAIRS - MERS <br />(Rev. 1/01) Page 3 of 14 <br />DadYlag/c � <br />www. docmagic. com <br />