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201201�0�
<br />(.n "Community Association Dues, Feas, and Asse.ssments" rneans 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 />(I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instniment, which is uutiated through an electronic temunal, telephonic instnunent, computer, or
<br />magnetic tape so as to order, instruct, or authorize a�nanciai instiiution to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, a�tomated teller maclune transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(1Vn "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 onnissions as to, the vaiue and/or condition of the Property.
<br />(1V) "Mortgage Insurance" means insurance protecting Lender against tha nonpayment of, or defautt on, the Loan.
<br />(0) "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 Secvrity Instnunent.
<br />(P) "RESPA" means the Real Fstate 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 are unposed in regazd to a"federally relat� mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage Ioan" under RESPA.
<br />C� "Successor 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 Note and/or this Se�urity Instrument.
<br />TRANSFER O� RIGHTS IN THE PROPERTY
<br />This 5ecurity Instrument secures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sa1e, the following described properiy located in the
<br />COUNTY of uAT,T, .
<br />[Type of Recording Jurisdicflon] [Name of Recording JurisdictionJ
<br />LC7T' S�.XIY-FZVE (6i) , IN V�SI' IPI1l1T, P11T �T 'IO 'IHE CfiL� CF' C�1�D 7.�LADD, I�iL CLX1�lIY, I�.�
<br />APN. : 400115565 '
<br />which currently has the address of 172 S N PARK AVE
<br />(saeec]
<br />GRAI�TD ISLAND , Nebraska 68803 ("PropertyAddress"):
<br />IC�tYI [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erecteti on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall al.so be
<br />covered by this Security Instnunent. All of the foregoing is referred to in this Security Instnunent as the "Property. "
<br />BORROWER COVENANTS that Bonower is Iawfully seised of the estate hereby convey� and has tl�e right
<br />to grant and convey the Property and that the Property is unencumbered, except for 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 />THI� SECURITY IN�TRUMENT combines uniform covenants for nationa� use and non-uniform covenants ��ith
<br />limited variations by jurisdiction to constitute a uniform security instrument covening real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Priucipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the prancipal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Bonower 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.5. currency. However, if any check or other
<br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require 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 DocMaglc �
<br />Form 3028 1/01 Page 2 of 11 ��� ) www.docmagic.com
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<br />Ne3028.dot.unl
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