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201202427 (N) "Miscellaneous Proceeds" means any compensation, settlement,award of damages,or proceeds paid by any third party(other than insurance proceeds paid under the coverages described in Section 5)for:(i) damage to,or destruction of,the Property;(ii)condemnation or other taking of all or any part of the Property;(iii)conveyance in lieu of condemnation:or(iv)misrepresentations of,or omissions as to,the value and/or condition of the Property. (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of or default on,the Loan. (P) "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. (Q) "RESPA" means the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.)and its implementing regulation,Regulation X(24 C.P.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 mortgage loan" under RESPA. (R) "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 of Rights in the Property The beneficiary of this Security Instrument is MERS(solely as nominee for Lender and Lender's successors and assigns)and the successors and assigns of MERS.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 County of Hall • (Type of Recording Jurisdiction) (Name of Recording Jurisdiction) LOT THIRTY-SEVEN (37) , IN ISLAND ACRES NO. 7, A SUBDIVISION OF PART OF FRACTIONAL SECTION SEVEN (7) ; PART OF THE WEST HALF OF THE WEST HALF (W1/2W1/2) OF SECTION EIGHT (8) ; AND PART OF LOT TWENTY-FOUR (24) , ISLAND ACRES, ALL IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9), WEST OF THE 6TH P.M. , IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 8801171352 8801171352 NEBRASKA-Single Family-Fannie Mae/Freddie M as UNIFORM INSTRUMENT WITH MERS Form 3028 1101 VM@ Kluwer Financial Services UM P6 Page 31 of 157