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201�07312 (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) '�tESPA" means the Real Estate Settlement Procedures Act (12 U. S. C. 5ection 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 all 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 party 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 RIGHT5 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 all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the County of Ha 11 . [Type of Recording Jurisdiction] [Name of Recording Jutisdiction] Lot Seventeen (17), Block One (1), Cantinental Gardens Subdivision to the City of Grand Island, Hall County, Nebraska Parcel ID Number: 400037475 17 Via Trivoli Grand Island ("Property Address"): which cunently has the address of [sueet� [Ciry] , Nebraska 68803 [Zip Code] TOGETE�R WITH all the improvements now or hereafter erected 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 this Security Instrument as the "Properiy." Borrower understands and agrces that MERS holds only legal title to the interest granted by Borrnwer 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 interests, including, but not limited to, the right to foreclose and sell the Properiy; and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. 11-08-000310 NEBRASKA -Single Family -Fannie Mae/Freddle Mac UNIFORM INSTRUMENT WITH n M �-6A(NE)(08to) Page3of15 Initials: q/� Form 3028 1101 �