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201109428 <br /> (N) "M ortgage Insurance" means insurance protecting Lender against the nonp�yment of, or def�ult on, the <br /> Lo1n. <br /> (0) "Periodic Payment" means t11e regulai•ly scheduled ainount due for(i)principal and interest under the <br /> Note, plus (ii) any amounts uncler Section 3 oF this Security Tns�ruil�ent. <br /> (P) "RESPA" ine�ns the Re�l Estate Settlement Procedures Act(12 U,S.C. Section 2601 et seq.) and its <br /> impleiilenting regulltion, Regtiilation X(24 C.F.R. Part 3500), as they might be ainended from time to tiine, <br /> or a�zy additional or succe�ssor legislation or xegulation that governs the sa�ne suUject inatter. As used ii1 this <br /> Security Tnstruinent, °RESPA" refers to a11 requireinents �nd�•estrictions t11at are iinposed in regard to a <br /> "fedei•ally related mortgage loan" even if tihe Loan does not qualify as a"federally related inortgage loan" <br /> under RESPA, <br /> (Q) "Suceessor in Interest of Borrower" ineails aiiy party that has talcen title to the Property, wl7ether or not <br /> that parCy li�ts assuined Borrower`s oUlig�tioils under the Note and/or tllis Security Iilstrument. <br /> Transfer of Rights in the Property <br /> This Security Instru�nen�secures to Len�er, (i) fhe repayinent of the Loan, and a11 renewals, extensions <br /> and modi�cations of ihe I�ote; anci(ii) the performaa�ce of Borrower's coven�nts and agreements under <br /> tlus Security Instruinont and the Notie. F'or tl7is puipose, Borrowar irrevocably grfl�lts a�id conveys <br /> to Truste�, in trust, with power of sa1e, the following descr•ibed properEy located in t11e <br /> C o u n ty (Type of Recorcling JuNisc�iction) <br /> of H A L L (Nnme of Recorcling Jurisdiction): <br /> LOT ONE (1) , PONDEROSA LAKE ESTATES SIXTH SUBDIVISION IN THE CITY OF GRAND <br /> ISLAND, HALL COUNTY, NEBRASKA. <br /> Parcel ID Number: 400329867 wliicli cui•rently lias the address of <br /> 72 Ponderosa Dr (Street) <br /> Grand Island (Crty), Nebrasl�a 68803 (ZipCode) <br /> ("Property flddress"): <br /> TOGETI3ER WI'TH all i;he improveinents iiow or lierelfter erected oz�the�roperty, and a11 easelnents, <br /> a��urtenaiices, and�xtures iiow or herelfter a part of the property. All replacements and additions shall also be <br /> coverecl Uy this Sectiirity Instrumellt. All of the foregoing is referred to in this SecLtrity Instrumenti as the <br /> "Propei•ty." <br /> 231234 <br /> NEBRASKA-Single Famlly-Fannie M aelFreddle M ac UNIFORM INSTRUM ENT Form 302 a 1/01 <br /> VM P O VM P6(NE)(1105 <br /> Wolters Kluw er Flnanclal Services Page 3 of 1� <br />