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201205851 (N) "M iscellaneous 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 talcing 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/of 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. (0) "RESPA" means the Real Estate Settlement Procedures Act (12 U -S -C. Section 2601 et seq.) and its implementing regulation, Regulation X (24 C.F. 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. (It) "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 Pights 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 Borrowee s covenants and agreements under this Security Instrument and the Note. For this purposc� 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 Iurisdiction) (Alame of Recording Jurisdiction) The Masterly 60 Feet of Lot Five (5). Block Two (2). in Knickrehan's Sixth Addition to the City of Grand Island, Hall County, Nebraska and Lot One (1), in Knickrehm's Eighth Addition to the City Grand Island, Hall County, Nebraska. NEBRASKA-SiWie Family-FarmJo Mm/Froddie Moc UNIFORM INSTRUMENT VNI 23M253884 D WME TH MFRS Form 3028 1M1 Kl�% Firumcial SwAce� VMPOA[NF) 1 11 f 0 1 5 7 1 Pam 3 ,