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�a��o�3ss (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scherluled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Secrion 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Ad (12 U.S.C. Secrion 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 addirional or succe.ssor legislation or regulation that governs the sazne subject matter. As usefl in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a "federally related mortgage loan" even if the Loan does not qualify as a"feflerally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken ritle to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this 5ecurity Instrument. Transfer of Rights in the Property This Security Instzvment secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (u) 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 sale, the following described property located in the County (Type of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): PARCEL �1: 916-916 1/2 E Bismark Rd - Grand Island. NE 68801 ID #400127393 Lot Orte (1) , Qouble R Second Subdivision. in the City of Grand Island, Hall County. Nebraska PARCEL #2: 912 - 912 1/2 E Bismark Rd - Grand Island. NE 68801 ID #400127415 Lot Three (3). Double R Second Subdivision, in the City of Grand Island. Hall County. Nebraska Parcel ID Number: (see above) 912-912 1/2 and 916-916 1/2 E Bismark Rd Grand Island ("Property Address"): which currenfly has the address of (Stred) (City), Nebraska 68801 (Zip Code) TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenanc.es, and fixtutes now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Insttument. All of the foregoing is referred to in this 5ecurity Instrument as the n� n NEBRASKA-Stngfe Famify-Fannte Mae/Freddfe Mac t1NtFORM INSTRt1MENT VMP � Waltera Kluwer Firtancial Services Form 3028 1/07 VMP81NEl 1170b) Page 3 of 17