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�01�0546� (P) '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. (Q) "RESPA" means the Rea1 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 a11 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. (R) "Successor in Interest of Borrower" means any pazty that has taken title to the Property, whether or not that party has assumed Bonower' s obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN'TI� PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender' s successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and modifications of the Note; and (ii) the performance of Bonower' s covenants and agreements under this Security Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the County of Hall . [Type of Recording Jurisdicrion] [Name of Recording Jurisdiction] Lot Two (2), Island Acres Subdivision No. 10, in the City of Grand Island, Hall County, Nebraska. This is a purchase money mortgage. Parcel ID Number: 400049589 1424 NORTH HANCOCR AVE Grand Island ("Property Address"): which currently has the address of [Street] [city] , Nebraska 68803 [zip code] TOGETI�R WITH all the improvements now or hereafter erected on the property, and a11 easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be covered by tlus Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Bonower understands and agrees that MERS holds only legal title to the interest granted by Borrower in tlus Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender' s successors and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instnament. 2200140865 NEBRASKA - Single Family - Fennie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS �-6A(NE11oa�o) Page 3 of 16 Initials: � � D V6ANE Form 3028 1/01