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�0120167�
<br />(C� "Lender" is BNC NATIONAL BANK
<br />Lender is a NATIONAL BANKING ASSOCIATION organized
<br />and existing under the laws of iTNITED STATES •
<br />Lender' s address is 2 017 5 N. 6 7TH AVENUE , GLENDALE , ARI ZONA 8 5 3 0 8
<br />(D) '"Trustee" is An.drew D. Romatzke, a membPr of the Nebr State Bar Assc.
<br />503 W KOENIG ST, GR.AND ISLAND, NEBRASKA 68801
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporarion that is acting
<br />solely as a nominee for Lender and Lender's successors and assigns. MERS is tt►e beneficiary under this Security
<br />Instrument MERS is or T and existing under the laws of Delaware, and has an address and telephone number
<br />of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F') 'TTote" means the promissory note signed by Borrower and dated FEBRUAR.Y 23 , 2 012 .
<br />The Note states that Bonower owes Lender NINETY-FOUR THOUSAND FIVE Hi7NDRED AND
<br />00/100 Dollars (U.S. $ 94, 500 . 00 )
<br />plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not
<br />later than MARCH 1, 2 0 4 2 .
<br />(G) 'Troperty" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(� 'Z�oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(n 'Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are
<br />to be executed by Borrower [check box as applicable]:
<br />� Adjustable Rate Rider
<br />� Balloon Rider
<br />� 1-4 Family Rider
<br />� Condominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />p �►�(S) [SP��fi'l
<br />VA Assumption Policy Rider
<br />(� "Applicable Law" means all controlling applicable federal, state and local statutes, regularions, ordinances and
<br />administrarive rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(I� "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 associarion or similar
<br />organizarion.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper inshvment, which is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, automated teller machine transacrions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(Nn "Escrow Items" means those items that are described in Section 3.
<br />(1� "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />=1� FORbEPART11ABdT OF VET�tANS AFFAIRS - MERS
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