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<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association or
<br />similaz organization.
<br />(L) "Electronic Funds Transfer" means any transfer of fund�, 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 transacrions,
<br />transfers initiated by telephone, wire transfeis, and automated clearinghouse transfers.
<br />(Nn uEscrow Items" means those items that are described in 5ection 3.
<br />(1� "Miscellaneous Proceeds" means any compensation, settlernent, 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
<br />in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the
<br />Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lendar against the nonpayment of, or default on, the
<br />Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrume�lt.
<br />(Q) �RESPA" means the Real Estate Settlement Procedures Act (12 U. S.C. §2601 et seq.) and its implementing
<br />regulation, Regularion X(24 C.F.R Pazt 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 regard to a"federally related mortgage
<br />loan" even if the Loan does not qualify as a"federally related vportgage loan" under RESPA.
<br />(R) u5uccessor 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 TI� PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as npminee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Secwity 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 />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the County of $all
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Four (4), Block Four (4), in Morris Second Addition to the City of Grand Island, Hall County,
<br />Nebraska
<br />THIS IS A PIIRCHASE MONEY DEID OF TRIIST
<br />which currently has the address of307 E 18th 5t '
<br />[Street]
<br />Grand Island , Nebraska 68801 ("Property Address"):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or here�fter erected on the properly, and a11 easements,
<br />appurtenances, and fixtures now or hereafter a part of the propetty. All replacements and additions shall also be
<br />covered by this Security Instrument All of the foregoing is referred to in this Security Instrument as the
<br />"Property." Borrower understands and agrees that MIItS holds only legal title to the interests granted by
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac iJNIFORM INSTI�UMEN1' (MERS) Form 30281/Ol (page 2 of 9 pages)
<br />12439.CV (9/11) 907240 Creative Thinking, Inc.
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