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20 120453� <br />destruction of, the Property; (ri) condemnarion or other taking of all or any gart of the Property; (iii) conveyance in <br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Properly. <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />(P) "Periodic 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. § 2601 et seq.) and its implementing <br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any addirional <br />or successor legislarion or regulation that governs the same subject matter. As used in this Security Instrument, <br />"RESPA" refers to all requirements and resirictions that are imposed in regard to a"federally related mortgage <br />loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or <br />not 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 Security Instrument is MERS (solely as nominee for Lender and Lender's successors <br />and assigns) and the successors and assigns of MERS. This Security Instrument secwes to Lender. (i) the <br />repayment of the Loan, and a11 renewals, extensions and modifications of the Note; and (ii) the performance of <br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower <br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property <br />l�ated in the County of Hall . <br />[Type of Recording Jurisdiction] [Name of Recording JurisdicHon] <br />LOT NINE (9), BLOCK ONE (1), SUMMERFIELD ESTATES SEVENTH SUBDIVISION, IN THE <br />CITY OF GRAND <br />ISLAND, HALL COUNTY, NEBRASKA. <br />APN: 400438186 <br />which currently has the address of <br />Grand Island <br />[��tY] <br />3835 Meadowlark Circle <br />[street] <br />, Nebraska 68803 ("Property Address"): <br />[z,p coae� <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also <br />be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the <br />"Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by <br />Borrower in this Security Instrument, but, if necessary to comply with law or custom, MERS (as nominee for <br />Lender and Lender's successors and assigns) has the right: to exercise any or a11 of those interests, including, <br />NEBItASKA—Single Family—Fannte MaeJFreddie Mac UNIFORM INSTRUMENT <br />NEBRASKA-AAERS <br />ITEM 2898L3 (072811) <br />Form 30281/Ol <br />GreatDop� <br />(Pege 3 of 15J <br />