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201206729 � <br /> (N) "M ISCellaneous ProCeedS" means any compcnsation, scttlement, award of damagcs, or proceeds paid by <br /> any Yhird party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br /> damage to, or destrnctim�of, the Properry; (ii)condemnztion or other taking of alf or any part of the <br /> Property; (iii) conveyance ii� licu of condemnation; or(iv)misrepresentations of, or omissions as tq the <br /> value a�id/or condition of tLie Property. <br /> (0) "Mortgage Insurance" means insurance protecting Lender against[he nonpayment of, or default on, tlie <br /> Loan. <br /> (P) "Periodic PaymBnY' means[he regularly scheduled amount due for(i)principal and interest undee Lhe <br /> Note, plus(ii)any amounts under Section 3 of this Security Ins[rumen[. <br /> (Q) "RESPA" means the Real Estate Settlement Procedures AcY(12 U.S.C. Section 2601 et seq.)and its <br /> implementing regulation, liegulation X(24 C.F.R. Part 3500), as they�night be amended from time to time, <br /> or any additional or soccessor legislation or regulation that governs the same subjecr.matter. As used in this <br /> Secority instrume�t, 'RESPA" refors to aIl requirements and resYrictions that are imposed in regard to a <br /> "federally related mortgage loa��" even if the Loan does i�ot quaLify as a "federally reLated morfgage[oan" <br /> under ItESPA, <br /> (R) "Successor in Interest of Borrower" means any party that has taken tiite to the Proyerty, whether or noY <br /> that party has assumed Borrower's obligations under the Note and/or this Security lnstrument. <br /> Transfer of Rights in the Property <br /> The beneficiary of this Security TnsY�vment is MERS(solely as nominee tor Lender and Lender's successors and <br /> assigns) and the successors ai�d assigns of MFIiS. 'Phis Security lnstrument secures to Lender: (i)the repayment <br /> of thc Loan, and all renewals, extcnsions and modificaCions of Yhe Note; and (ii)the performance of Borrower's <br /> covenants and agreements under this Security instrument and the Note. For Uiis purpose, Borrower irrevocably <br /> grants and conveys to Trustee, in tivst, with power of sale, the following described properry located in the <br /> County of Hall <br /> (Tj�pe of 12ecordirag Jm�isdictionf (Name of Recarding Jurisdiction) <br /> LOT FIFTEEN (15) , 13LOCK THREE (3) , NORMANDY ESTATES, AN ADDITION TO THE GITY <br /> OF GRAND ISLAND, HALL COU�TY, NEBRASKA. <br /> 8801252268 8841252268 <br /> NEBRASKA-Single Famlly-Fannie MaelFretltlle Mac UNIFORM INSTRIIMENT WITH MERS Porm 3028 1101 <br /> V M P� VM P6A(NE)('I�05) <br /> Wolte�s KII�WO�Flnanciel Services Paga 9 of 11 <br />