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201402323 (N) "M iscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third parry(other than insurance proceeds paid under the coverages described in Section 5)foe: (i) damage to, or destruction of, the Property; (ii)condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or(iv)misrepresentations of, or omissions as to, the value and/or condition of the Properry. (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (P) "Periodic Payment" means the regularly scheduled amount due for(i)principal and interest under the Note, plus(ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means the Real Estate Settlement Procedures Act(12 U.S.C. Section 2601 et seq.)and its implementing regulation, Regulation X(12 C.F.R. Part 1024), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower'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 Instrument secures to Lender: (i)the repayment of the Loan, and all renewals, extensions and modifications of the Note; and(ii)the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the County of Hall : (Type of Recording Jurisdiction) (Name of RecoYding Jurisdiction) LOT EIGHT (8) AND THE EAST ONE-THIRD (1/3) OF LOT SEVEN (7) BLOCK EIGHT (8) GLADSTONE PLACE AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 8801582239 8801582239 NEBR,4SKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 1I01 VMP�a VMP6A(N�(1302) Wolters Kluwer Financial Services Page 3 of 17