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20120459� destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) com�eyance in lieu of condenu�adon; or (iv) misrepresentations of, or onussions as to, the value and/or condition of tl� Property. (0) "Mortgage lnsurance" means insurance protecting Lender against the nonpa,yment of, or default on, the Loan. (P) °°Periodic Payment" means the regularly scheduled ainount due for (i) principal and interest wnder the Note, plus (ri) arry amounts under SecUon 3 of tlus Security Instnunent. (Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing regulation Regulation X(24 C.F.R. Part 3500), as they might be ainended from time to tnne, or any additional or successor legislation or regulation tl�at governs tlie same subject matter. As used in this Security Instrument, "RESPA" refers to all requireinents and restriclions that are imposed in regard to a"federally related mortgage loan" even if tl�e Loan does not qualify as a"federally related mortgage loan' under RESPA. (R) "Successor in Interest of Borrower" means any pariy fl�at has taken title to the Properi_y, whether or not that parly has asswned Borrower's obliga6ons under the Note and/or tlus 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 tlie successors and assigns of MERS. Tlus Security Instrument secures to Lender: (i) the repayment of the Loan and all renewals, ea and modifications of the Note; and (u) the performance of Borrower's covenants and agreements under this Security Instrument and tlie Note. For dus purpose, Borrower irrevocably grants and comeys 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] THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF HALL, STATE OF Nebraska, AND IS DESCRIBED AS FOLLOWS: LOT TWO (2), JEFFREY OAKS SECOND SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,NEBRASKA. APN: 4Q0347911 which currently has die address of Grand Island , Nebraska [ciry] 211Q Mansfield Road [sue�t� 68803 ("Property Address"): �z�p coa�� TOGETHER WITH all tlie improvements now or hereafter erected on the property, and all easements, appurtenances, and fi�tures now or hereafter a part of die property. All replacements and additions shall also be covered by tlus Security Instrument. All of the foregoing is referred to in tlus Security Instniment as the "Property." Borrower understands and agrees that MERS holds only legal fitle to the interests granted by Borrower in tlus Security lnstrument, but, if necessanrv to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) l�as the right: to exercise any or all of those interests, including, NEBRASI�A—Singlz Family—Fantute Mae/Freddie Mac UNIFORM INSTRL�MENT NEBRASKA-MERS ITEM 2698L3 (072811) Form 30281/0l GreatDas� (Page 3 0115)