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201207868 <br /> (N) "M iscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br /> any third party(other thac�i�surance proceeds paid under Yhe coverages described in Section 5)for: (i) <br /> damage to, or destruction of, the Property; (ii)condemnation or other taking of all or any pazt of the <br /> Pxoper[y; (iii) conveyance in liea of condemnation; or(iv)misrepresentations of, or omissions as tq ihe <br /> value and/or condition of the Properry. <br /> (0) "M ortgage InSUrdnGe" means insurance protecting Leoder against the nonpayment of, or default on, the <br /> Loan. <br /> (P) "Periodic Payment" means[he regularly scheduled amount due for(i)principal and interest under the <br /> Note, plus(ii)any amounts undee Section 3 of this Securiry instrument. <br /> (Q) "RESPA" meu�s fhe Real Estate SettlementProcedures Act(12 O.S.C. Section 2601 etseq.)and its <br /> implementing regulation, Regulation X(24 C.F.R. Pazt 3500), as they might be amended from time to[ime, <br /> or any additional or suceessor legislation or regulation that governs t6e same subject matter. As used in this <br /> Securiry Instrument, "RESPA" refers W all requirements and restrictions that are imposed in regard to a <br /> "federally related mortgage loan" even if the Loan does not qualify as a"federally related morcgage 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 obligatio�is under the Note and/or this Securiry Tnstrument. <br /> Transfer of Rights in the Property <br /> The beneficiary of this Securiry Instrument is MERS(solety as nominee for Lender and Lender's snccessors and <br /> assi,�ms)and the successors and assi�ns of MERS Tliis Securiry Instrument secures to Lender. (i)the repayment <br /> of the Loan, and all renewals, eatensions and modifications of the No[e; and(ii)the performance of Borrower's <br /> covenants and agreements under this Securiry Instrument and the Note. For this purpose, Borrower irrevocably <br /> grants and conveys to Trustee, in trus[, with power of sale, the following described property located in ihe <br /> County of Hall <br /> (Type of Recording JurisdictianJ (�Vame of Recorcling Jurisdictionf <br /> LOT TWENTY (20) , IN INEST HffiGHTS SECOND ADDITION, AN A➢DITION TO THE CITY OF <br /> GRAND ISLAND, HALL COUNTY, NEBRASKA, <br /> 8801288083 8001288083 <br /> N�RASKA-SinBle Family-Fannie Mae;Freddie M ac UNIFORM INSTROMENT WITH M ERS Form 3028 1�01 <br /> VMP^g VM P6AME)(1 t o5) <br /> WOIte�S KIUW¢�Flnanclel SBNiCeS Page 3 of t� <br />