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�0120�0�� <br />(N) "M iscellaneous Proceeds" means any compensation, settlement, awazd of damages, or procceds paid by <br />any third pazty (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Properiy; (ii) condemnation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepr�entations 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) "Perlodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of tlus 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 aze 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 tn (nterest of Borrower" means any party 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 assigas of MERS. T'his Security Instrument secures to Lender: (i) the repayment <br />of the Loan, and all renewals, extensions and modificarions of the Note; and (ii) the performance of Boaower's <br />covenants and agrcements under this Security Instrument and the Note. For this purpose, Borrower irrevocably <br />grants and conveys to Tnistee, 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 />LOT THREE (3) BLOCK FOUR (4) VALLEY VIEW SUBDIVISION IN THE CITY OF GRAND <br />ISLAND HALL COUNTY NEBRASKA. <br />"PURCHASE MONEY" <br />8801311850 <br />N�RASKASingle Family-Fennie MeelFreddie Mec UNIFORM INSTRUMENT WITH MERS <br />VMP � <br />Woltere Kluwer Flnenelal 3ervices <br />eeo�3>>eso <br />Form 3028 1/01 <br />VMPBA(N� (1705) <br />Pege 3 of 1 r <br />�/ <br />� <br />