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201206722 <br /> (N) "M iscel�neous Proceeds" means any compensation, settlement, award of daznages, or proceeds paid by <br /> any third party(otha than insurance proceeds paid wder the coverages described in Saction 5)for: (i) <br /> damage to, or deshvction of, the Property; (ii)condemnation or other taking of all or any part of the <br /> Proper[y; (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 of, or default on, the <br /> I.oau. <br /> (� "Periodic PaymeM" means the regulazly schaduled amount due for(i)principal and interest under the <br /> Note, plus(ii)any amoimts�mder S�tion 3 of this Security Instrumem. <br /> (Q) "RESPA" �ans the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.)and its <br /> implementing reguladion, Regulation X(24 C.F.R Part 3500), as they might be ffinnended from time to time, <br /> or any additional or successor legislation or regulazion that govema the same subject matter. As used in this <br /> Securiry Instrument, "RESPA" refers to all requirements and reslrictiona that are imposed in regard to a <br /> "federally relazed mortgage loan" even if the Loan does not qualify es a"federally related mortgage loan" <br /> under RESPA. <br /> (I� "Suc�r in Interest of Borrower" means any party that has taken ritle to the Property, whether or not <br /> that party t�as assumed Horrower's obligations under the Note and/ar tbis Sacurity InsU'ument. <br /> Tranafer of Rlghts in the Property <br /> The beneficiary of this Security Instrument is MERS(solely as noarinee for Lender and Lender's successors and <br /> assigns)and the successors and assigns of MERS. 17ris Security Instrument secures to Lender: (i)the repayment <br /> of the Loan, and all renewals, e�ctensions and modifications of the Note; and(ii)the perfarmance of Borrower's <br /> covenants and agrcements under this Security Instrument and the Note. For tlus ptiupose, Borrower irrevocably <br /> grants and conveys to Trustce, in trust, with power of sa1e, the following descn'bed properry located in the <br /> County of Ea11 . <br /> ('lj+pe of Recording Jurisdiclion) (Name af Recording Jurisdiction) <br /> Lot Six (6) , ia Block Thirteen (13) , ia 3chimmer's Addition to the City of <br /> Grand Islaad, Hall County, Nebraska. <br /> 2300250433 b VBANE <br /> NEBIiASKASi�gle Femily-Fsinie Msp/FradOie Mac UNIFORh11N5TNUMENT N7fH MEfi3 Form 3028 1/07 <br /> VMP W VMPBAINE1111061 <br /> WOItMa Kluwer Finentiel3ervieea Pepe 9 of 17 <br />