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201109302 <br /> (N) "M ortgage Inswrance" means u1sLU•ailce protecting Lender against the non�ayment oP, or def�ult on, the <br /> Loan. <br /> (0) "Periodic Payment" means the regularly scheduled�inount due for(i)princip�tl aiici interest under the <br /> Note, plus (ii) any amounts under Section 3 of this Seciirity Instrument, <br /> (P) "RESPA" ineaiis the Real�stlte Settlement Pi•oceclures Act(12 U.S.C, Sectioiz 2601 et seq.) and its <br /> unplemeiiting�•eg�ilation, Regulation X(24 C,F.R. Part 3500), as they might�e alnended�i�o�n tiine to time, <br /> or any additional or successor legislation or regulation tliat governs the sasne sub�ject matter. As used in tliis <br /> Security Iiistrument, "RESPA" refers to all req�tirenlents�ncl restricfions that are imposed in regaxd to � <br /> "federally related inortgage loaii" even if t11e Loan does not qualily as � "federally related inortgage loan" <br /> under 1�ESPA. <br /> (Q) "Suceessor in Interesfi of Borrower" mean� any party that has tal�eii title to�he Pro�erty, whether or not <br /> th�t party has�ssumed Boriower's obligations under the Note and/or tliis Security Instrutnent. <br /> Transfer oP Righis in the Property <br /> T11is Security Instrument secures to Lender: (i)the repayment of the Loa.n, and all renewals, extensions <br /> and inodifications of the Note; and(ii)the perform�nce of Bori•ower's covenaizts �nd agi•eements uncler <br /> this Security Ii7struinent and tihe Note. For this purpose, Borrower irrevocably grants aild conveys <br /> to Trustee, in trust, witll�awer of s�le, the following described property located irz the <br /> C o U 11 ty (Type of Recorcling Jur^isdiction) <br /> of H A L L (Nc�me of Recor^clin�Juriscliction): <br /> LOT TWELVE (12) , BLOCK SIX (6) , BEL AIR ADDITION TO THE CITY OF GRAND ISLAND, <br /> HALL COUNTY, NEBRASKA. <br /> Parcel ID Number: 400016354 wluch currently lias the address of <br /> 1615 S ARTHUR ST (Street) <br /> GRAND ISLAND (City), NeUrasl�l 68803 (Zr'p Code) <br /> ("ProperCy Address"): <br /> TOG�TH�R WITII�tll the improveinents now or hereafter erected on the property, and�11 easements, <br /> appurtenances, and�xtures now or heieafter a part of t11e property. A11 replacenaents and additions shall also Ue <br /> covered by this Security I�ist��tunen�. A11 of the foregoing is referred�o ui this Sectiuity Instriunent as the <br /> "Property." <br /> 231232 <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br /> VM P Q VM P6(NE)(1105) <br /> Wolters Kluwer FinanciAl Services Page 3 of 17 <br />