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201200039
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaclion originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic tenninal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or crcdit an account. Such ternl
<br />includes, but is not limited to, point-af-sale transfers, automated teller machine transactions, transters initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow [tems" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any rompensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance }�roceeds paid under the coverages described in Scction 5} fc�r: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taking ofall or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value andlor condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or defaidt on, the Loan.
<br />(0) "Periodie Payment" means the regularly schedu(ed amount due fur (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.G �2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C. F. R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"RESPA° refers to all requirements and restrictions that are iniposed in regard to a"federally related mortgagc loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Suecessor in Interest of Borrower" means any party that has taken title to the Properiy, whether or not that
<br />party has assumed Borrower's obligations under the Notc and/or this Sccurity lnstrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security lnstrument secures to Lender. (i) the repayment of thc Loan, and all renewals, extensions and
<br />modifications of the Note; and {ii) the perfbrmance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, f3orr�wer irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COUNTY of Hall �
<br />(Ty}x of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />� S].X {�� � � I�P7�u �Y�. �LV1.S]LZl, �L� CfF � �'I�, F�- C�A�, �
<br />A,P.N.: 40015]960
<br />which currently has the address of 4334 CambY'idge Road
<br />[stree[]
<br />Grand I s 1 and , Nebraska 6 8 8 0 3 (" Property Address" ):
<br />[City] [Zip Ccxie]
<br />TOGETHER W1TH all the improvements now or hereafter erccted on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additi�ns shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that f3orrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except (or encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECU RITY INSTRUM ENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrowee and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. f3onower shall
<br />pay when due the principal af, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Noce. E3orrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other
<br />instrument received by Lender as payment under the Note or this Security lnstrument is returned to Lender unpaid,
<br />Lender may reyuiee that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT pa�eg/� p,�r�r,�
<br />Fomt 3028 1/01 Page 2 of 11 www.docmagic.com
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