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�01201335
<br />(I� L°Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />chazges that aze imposed on Borrower or the Property by a condominium association, homeowners association or
<br />similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similaz paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(1Vn "Escrow Items" means those items that are described in Section 3.
<br />(1� uMiscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the �verages described in Section 5) for: (i) damage to, or
<br />destruction of, the Properiy; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance
<br />in lieu of condemnation; or (iv) misrepresentarions of, or omissions as to, the value and/or condition of the
<br />Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />(P) uPeriodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §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 aze imposed in regazd to a"federally related mortgage
<br />loan" even if the Loan does not qualify as a"federally related mortgage loan" 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 ofthis 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
<br />inevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the County og Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />LOT FIVE (S7 AND THE SOUTHERLY FII� 1'EEN FEET (15') OF LOT THREE (3), COLLEGE
<br />ADDITION TO WEST LAWN, IN THE CITY OF GTRAND ISLAND, HALL COUNTY,
<br />1vEBRAKA.
<br />which currently has the address of2416 North Grand Island Avenue
<br />[Street]
<br />Grand Island , Nebraska 68803 ("Property Address"):
<br />[City] [Zip Code]
<br />TOGETI�R WITH all the improvements now or hereafter erected on the properiy, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrumen� All of the foregoing is refened to in this Security Instrument as the
<br />"Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by
<br />NEBRASKA—Single Femily—Fannie Mae/Freddle Mac iINIFORM INSTRUMENT (MERS) Form 30281/Ol (page 2 of 9 pages)
<br />12439.CV (9/11) 0114630 Creative T6initing, Inc.
<br />GOTO(00730dc9)
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