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201107�29 {P) "RESPA" 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 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. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument Transfer of Rights in the Property. This Security Instrument 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 irust, with power of sale, the following described property located in the County [Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction] Lot Sixteen (16) in Block eleven (11) in Parkhill Third Subddivision, an Addition to the City of Grand Island, Hall County, Nebraska Parcel ID Number: which currently has the address of 2523 W Phoenix AVE [Street] Grand Island [City], Nebraska 68803 [Zip Code] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and a11 easements, appurtenances, and fixtures 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 this Security Instru.ment as the "Property." BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Properly against all claims and demands, subject to any encumbra.nces of record. THIS SECURITY INSTRLJMENT combines uniform covenants for na.tional use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. Uniform Covenants. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note a,nd any prepayment charges and late charges due under the Note. Bonower sha,ll also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Insttument sha.11 be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require tha.t any or all subsequent payments due under the Note and this Security Instiument be made in one or more of the following forms, as selected by Lender: (a) cash; {b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Eleclronic Funds Transfer. HCFO-00358 NEBRASKASingle Famity-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3026 1101 VMP� 03/11 Wottera Kluwer Flnerxiel Services 201110124.0.0.0.4002-J20110525Y Page 3 of 17 ,�