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2011U926� (N) "Mortgage Insurance" means insurance protecting I.ender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3 of this Security Instnunent. iP) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. S�tion 2601 et seq.) and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amenderi from time to time, or any additional or successor legislation or regulation that governs the same subje�t matter. As used in this Security Instnunent, "RESPA" refers to all requirements and restricrions that aze 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 tide to the Property, whether or not that party has assumefl Bonower's obligarions under the Note and/or this Se�urity Instrument. Transfer of Rights in the Property This Security Instnunent secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Bonower's covenants and agr�ments under this S�urity Instrument and the Note. For this purpose, Bonower 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): The Westerly Fifty-Five (55.0) feet of Fractional Lot Two (2) in Fractional Block Eight (8) in Gilbert's Addition to the City of Grand Island, Nebraska and its complement, to-wit: Fractional Lot Two (2), in Fractional Block Two (2) in HG Clark's Addition to the City of Grand Island. Hall County. Nebraska. Parcet ID Number:400039790 811 W llth St Grand Island ("ProPert3' �°►ddress"): which ciurently has the address of (Street) (City), Nebraska 68801 (Zip Code) 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 S�urity Instrument. All of the foregoing is referred to in this Security Instrument as the „�. M NEBRASKA-Single Famlly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP Q Wohers Kluwer Financtal Services Form 3028 1 /01 VMPB(NE) (1105) Page 3 of 17