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_ _ 20110843a (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic 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. (P) "RESPA" means the Rea1 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 tixne to time, or any additional or successor legisiation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to a11 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 o# Rights in the Property This Security Instrument secures to Lender: (i) the repayment of the Loan, and ali 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 Trustce, in trust, with power of sa1e, the following described property located in the County {Type of Recording Jurisdiction) of H a 11 (Name of Recording Jurisdiction): Lot Four (4). B1ock Three (3), Summerfield Estates Fourth Subdivision in the City of Grand Island, Hall County, Nebraska. Parcd ID Mumber: 40 � 421 i 51 which cnrr�ntly has the acLdr�ss of 1509 Meadow Rd {Stre�) Grand I sl and (Ciry), Nebraska 68803 (Zip Code) ("Property Address"): TOGETHER 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 Instnunent. All of the foregoing is referred to in this Security Instrument as the "Property. " NEBRASKA-Single Familq-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Woiters Kiuwer Financial Services Form 3028 1 �7 VMP6iNE) i1105) Page 3 of 17 x, s �� #•it.