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201210843 {N) "M iscellaneous Proceeds" means any compensation, settlement, awazd of damages, or procefds paid by any third party(other than insurance proceeds paid under the coverages des�ribed in Section 5) for: (i) damage to, or destruction of, the Properry; (ii) condemnation or other taldng of all or any part of the Property; (iii)conveyance in lieu of condemnation; or(iv)misrepresentations of, or omissions as w, the value and/or condition of the Property. (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (P) "Periodic Paymer�t" means the regulazly scheduled amount due for{i)principal and interest under the Note, plus(ii)any amounts under Section 3 of this Security]nstrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act(12 U.S.0 Section 2601 et seq.)and its implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or r�egulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that aze imposed in regard to a "federally related mortgage loan" even if the Loan dces not qualify as a°federally related mortgage]oan" under RESPA. (I� "Successor in Interest of Borrower" tneans any party that has taken title to ttie Properry, whether or not that party has assumed Horrower's obligations under the Note and/or this Security Instrument. Transfer of Rights in the Property The beneficiary of this Security Instrument is MERS(solely as nominee for Lender and Lender's successors and assigns)and the successors and assigns of MERS. This Security Instnim�t secures to Lender: (i)the repayment of the Loan, and all renewals, extensions and modifications of the Note; and(ii)the perForn�aztce of Bonower's covenants and agreements under this Security lnstrument and the Note. H'or this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following descx•ibed property located in the County of Sall . (7'ype of Recording Jurisdiction) (Name of Recording Jurisdiction) Lot T�vo (2) , Block Sixteen (16) in South Grand tsland, an Addition to the City of Grand Island, Hall County, Nebraska. 23002]8954 D VBANF NEBRASKA-Sngle Fsnily-Fennie Mee�F�etlEie Mac UNIFOPM INSTHUMFNT WRH MEHS Form 3028 1Ni VMP lp) VMPBA(NE��1105) Woltera KWwer Financiel Services Pepe 3 M 1]