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201 40002E <br />(N) "Miscellaneous 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 all 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) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br />(P) <br />(Q) <br />"Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the <br />Note, plus (ii) any amounts under Section 3 of this Security Instrument. <br />"RESPA" means the Real Estate Settlement Procedures Act (12 U. S.C. Section 2601 et seq.) and its <br />implementing regulation, Regulation X (12 C.F.R. Part 1024), 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 regard 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 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 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 purpose, Borrower irrevocably <br />grants and conveys to Trustee, 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 THIRTY -EIGHT (38), IN BLOCK SIX (6), UNIT ONE (1), CONTINENTAL GARDENS, AN <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br />NMLS# 407650 9902431179 <br />NEBRASKA-Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS <br />VMP <br />Wolters Kluwer Financial Services <br />100796099024311795 <br />Form 3028 1/01 <br />V M P6A(NE) (1302 ) <br />Page 3 of 17 <br />