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201207735 <br />(N) "M iscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of a11 or any part of the <br />Property; (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) "M ortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br />(P) "Pe�iodic Payment" means the regulazly 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. Section 2601 et seq. ) and its <br />implementing regulation, Regulation X(24 C. F. R Part 3500), as they might be amended from time to time, <br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this <br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a <br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" <br />under RESPA. <br />(R) "Successor in Interest of Borrower" means any pazty that has taken title to the Property, whether or not <br />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 and <br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment <br />of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's <br />covenants and agreements under this Security Instrument and the Note. For this pwpose, Borrower irrevocably <br />grants and conveys to Truste,e, in trust, with power of sale, the following described property located in the <br />County of Hall . <br />(Type of Recording Jurisdiction) (Name of Recording Jurisdiction) <br />THE NORTHERLY SEVENTY (70) FEET OF THE NORTH HALF OF THE EAST HALF ( N 1/2 E <br />1/2) OF BLOCK ELEVEN (11) PLEASANT HOME SUBDIVISION IN THE CITY OF GRAND <br />ISLAND HALL COUNTY NEBRASKA. <br />"PURCHASE MONEY" <br />8807307809 <br />N�RASKA-Single Femily-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MQtS <br />VMP Q <br />Wolters Kluwer Finencfal Services <br />8807307809 <br />Form 3028 1/01 <br />VMP6A(N� (1105) <br />Pege 3 oi 17 <br />' \ <br />3 <br />� <br />