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201108715 (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default oii, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for(i) principal and interest unclei�the Note, plus (ii)any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlementi 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 moi•tgage loan" under RESYA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assurned 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 (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 sale, the following described property located in the C o u n t y (Type of Recording Jurisdiction) of HALL (Name of Recordiizg Jurisdiction).: LOT ONE (1) , OTTO-PETERS SUBDIVISION, HALL COUNTY, NEBRASKA. Parcel ID Number,400420856 which currently has the address of 5524 N GUNBARREL RD (Street) G r a n d I s 1 a n d (City), Nebraska 6 8 8 01 (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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Property.° 231217 NEBRASI<A•Sinc�le Famlly-Fannie MaelFreddle Mao-UNIFORM WSTRUMENT Form 3028 1/01 VMP OO VMP6�NE)(1106) Wollers Kluwer Flnanclal Servlces Paga 3 of 17