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�0�1Q��` (P) 'Teriodic 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) 'ZtESPA" means the Real 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 tune, or any addirional or successor legislation or regulation that governs the same subject matter. As used in this Security 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) 'Snccessor in Interest of Borrower" means any party that has taken title to the Property, whether or not thait party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as noxninee 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, e�ctensions 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 Jurisdiction] [Name of Recording Jurisdicrion] Lot Fifty (50), Potash Subdinision, City of Grand Island, Hall County, Nebraska. Parcel ID Number: 400159767 120 $EACHWOOD DR Grand Island ("Property Address"): which currently has the address of [Slreet] [City] , Nebres� 68803 [Zip Code] Z"OGETI�R WITH a11 the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixt�ues now or hereafter a part of the property. All replacements and additions sha11 also be covered by this Security Instrument. All of the foregoing is referred to in tlus Security Instrument as the "Property." Bonower understands and agrees that MERS holds only legal title to the interest granted by Bonower 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 aqny action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 2200158219 NEBRAiSKA - Single Family - Fannie Mae/Freddie Mac UINIFORM INSTRUMENT WITH MERS �-6AINE) (oato) Pege 3 of 16 Initials: � D V6ANE Form 30Z8 1/01