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20�106861 <br />(N) "Mortgage Insurance" means insurance protectin.g Lender against the nonpayment of, or defautt on, the <br />Loan. <br />(0) "Periodic Payment" means the regularly schedulad amount due for (i) principal and interest under the <br />Note, plus (ii) any aznounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regularion X(24 C.F,R. Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Instrument, "RESPA" refers to aU requirements and restrictions that aze imposed in regard to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federatly related mortgage loan" <br />under RE5PA. <br />(a) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Bonower's obligations under the Note and/or this Security Inserument. <br />Transfer of Rights in the Property <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and a11 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, Bonower irrevocably grants and conveys <br />to Trustee, in trust, with power of sale, the following described property located in the <br />C o u n t y (7�pe of Recording Jurisdiction) <br />of H a 11 (Name of Recording Jurisdiction): <br />The Northerly Sixty-Six (66) Feet of Lot One (1), in Fractiona7 B7ock <br />Twenty-Two (22), Russel Wheeler's Add9tion to the City of Grand Island, Hall <br />County, Nebraska. <br />Parcei ID Number:400120763 <br />1024 N Elm St <br />Grand Island <br />("Property Address"): <br />which currently has the address of <br />(Street) <br />(City), Nebraska 68801 (Zip Code) <br />TOGETHER WITH all the unprovements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"Property." <br />NEBRASKA-Sfngle Family-Fennie Mae/Freddie Mac UNIFORM INSTtiUMENT � <br />VMP � � <br />Wolters Kluwer F(nancial Servtcea <br />Form 3028 7 /01 <br />VMPB(NE) (7106) <br />Page 3 of 17 <br />� <br />� <br />� <br />