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�o��o�ss� <br />(N) "Mortgage Insurance" means insurance protecting I.ender against the nonpayment of, or default on, the <br />Loan. <br />�O) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this 5ecurity Instrument. <br />(P) "RESPA" means the Reai Estate Settlement Procedures Act (12 U.S.C. Secrion 2601 et seq.) and its <br />implementing regularion, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regularion that governs the same subject matter. As used in this <br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage Ioan" <br />under RESPA. <br />fQ) "Successor in In4erest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Bonower's obligations under th.e Note and/or this Security Instrument. <br />Transfer of Rights in the Properly <br />This Security Instrament secures to Lender: (i) the regayment of the Loan, and all renewals, extensions <br />and modifications of the Note; and (u) 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 (T ype of Recording Jurisdfction) <br />of H a 11 (Name of Recording Jurisdiction): <br />A tract of land located in the SE1/4 NE1/4 of Section Eight (8). Township <br />Ten (10) North, Range Twelve (12) West of the 6th P.M.. Hall County, <br />Nebraska and more particularly described as follows: Commencing at the <br />East Quarter Corner of Section 8, also being the point of beginning, thence <br />on an assumed bearing of N 89° 47' S7" W alpng the south line of said NE1/4 <br />a distance of 33.00 feet, thence continuing N 89° 47' 57" W along the south <br />line of said NE1/4 a distance of 527.00 feet, thence N 00° 36' 23" W a <br />distance <br />of 819.00 feet, thence N 84° 19' 28° E a distance of 306.42 feet, thence N 46° <br />31' 21" E a distance of 318.00 feet, thence S 90° 00' 00' E a distance of <br />33.00 <br />feet. to the East line of Section 8, thence S 00° 00' 00 W along the East line <br />of <br />Section 8, a distance of 1,070.00 feet to the point of beginning. <br />Parce! ID Number: 400355671 which currently has the address of <br />5488 S Bluff Center Rd (Street) <br />Shel ton (City), Nebraska 68876 (Zip Code) <br />("Property Address"): <br />TOGETHER WITH all the improvements 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 refened to in this Security Instrument as the <br />"praperty � <br />NEBRASKA-Single Family-Fannle Mee/Freddie Mec UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMPB(NE) (1106t <br />Page 3 of 77 <br />� , r �, <br />