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201�05790 (P) "Periodic Payment" means the regulazly 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, Regularion 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 Se�urity Instrument, "RESPA" refers to all requirements and restrictions that aze 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 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. TR�4NSFER OF RIGHTS IN THE 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 all renewals, extensions and madifications of the Note; and (n) the performance of Borrower' s covenants and agr�ments under this S�urity Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described prop�rty located in the County of Hall . [Type of Recording Jurisdiction] [Name of Recording 7urisdiction] Lot One(1), Bishop Heights Subdivision, being a part of the Southwest Quarter of the Northwest Quarter (SW1/4 NWl/4) of Section Eleven (11), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County. Nebraska. Parcel ID Number: 400151677 4360 SHERWOOD RD. GRAND ISLAND ("Property Address"): which currently has the address of [street] [City� , Nebraska 68803-0000 [zip code� TOGETI�R WITH all the improvements now or hereafter er�ted 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 ttris Security Instrument as the "Property." Bonower understands and agr� that MERS holds only legal title to the interest granted by Borrower in this 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 inter�ts, including, but not limited tq the right to for�lose aud sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling this S�urity Instrument. 11-06-000228 NEBRASKA - Single Family - Fannie AAaelFreddie Mac UNIFORM INSTRUMENT WIT AA S� �-6A(NE)�oa�o) Page3of15 Initi ____� Form 3028 7/01 �