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201203g�� <br />(N) "M Iscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by <br />aay third pariy (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of a11 or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment o� or default on, the <br />Loan. <br />(P) "Perlodlc Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X(24 C.F.R Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in tlus <br />Security Instrument, "RESPA" refers to a11 requirements and restrictions that aze imposed in regard to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" <br />under RESPA. <br />(R) "Successor In Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />Transfer of Rights In the Property <br />The beneficiary of this 5ecurity Instrument is MERS (solely as nominee for Lender and Lender's successors and <br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment <br />of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower' s <br />covenants and agreements under this Secutity Instrument and the Note. For ttus purpose, Borrower irrevocably <br />grants and conveys to Trustee, in t�vst, with power of sa1e, the following described property located in the <br />County of Hall . <br />(Type of Recording Jurisdiction) (Name of Recording Jurisdiction) <br />LOT FORTY-FOUR (44) OF LARUE THIRD SUBDIVISION, IN TI-� CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA. <br />"PURCHASE MONEY" <br />BB01200798 <br />N�RASKASIngie Femily-Fennie Mae/Fretltlie Mec UNIFORAA INSTRUMENT WITH MERS <br />VMP � <br />Wokere Kluwer Flnenclal Servleea <br />8801200788 <br />Form 3028 1/01 <br />VMPBA(Nq (1105) <br />Pege 3 0} 77 <br />