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241202472
<br />(I� "Cammunity Assaciation Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />chazges that are imposed on Borrower or the Properiy 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, ar similar paper instrument, which is initiated through an electronic teiminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or autharize a financial institution to �bit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, auto�ted teller mactune transactions,
<br />transfers initiated by telephone, wire transfeis, and automated clearinghouse transfers.
<br />(M} ��Escrow Items" means those items that are described in Section 3.
<br />(i� "Miscellaneuas Pr�eeds" means any compensation, settlement, award of damages, or pr�eeds paid by any
<br />third party (other than insurance proceeds paid under tl�e �verages 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) uMortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Laa.n.
<br />(P) KPeriodic 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 Instrument.
<br />(Q) �RESPA" meaas the Real Estate Settlement Procedures Act (12 U_S.0 §2601 et seq.} and its implementing
<br />regulation, Regulation X(24 C.F.R Part 3500), as they might be amended from time to ti�, ar any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Insirument,
<br />"RESPA" refers to all requirements and restrictions d�►at are imposed in regard to a"federally related mortga�e
<br />loan" even if the Loaa does not qualify as a"federally related m�rtgage 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 assuined Borrower's obli�arions under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN'THE PROPERTY
<br />The beneficiary of this Security Ins�nt is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS: This Seciuity Instrument secures to Lender: (i) the repayment
<br />of the Loan, and all renewals, extensions and modifications of the Note; and (u) the performance of Borrower's
<br />coveaants and agreements under this Security Instrument and the Note. For tlus purpose, Borrower
<br />irrevocably gants and conveys to Trustee, in trust, with power of sale, the following descriUed property
<br />located in the County of Aa�
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Fonr (4), Block Two (2), SummerBield Est�tes Fourth Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska
<br />wbicb currently has the address of 1622 Me�do�v Road
<br />[Street]
<br />Grand Island Nebraska 68803 ("Property Address'�:
<br />[ci�Yl [�P cO�l
<br />TOGETT-IER WITfI all the improvements now or hereafter erected on the property, and all e�asements,
<br />appurtenances, and fixtures now or hereafter a part ofthe property. All replace�nts and additions shall also be
<br />covered by t�is Security Instrument. All of tbe foregomg is referred to in this Securit� Instrument as the
<br />"Property." Borrower understands and agrees that 1VIIItS holds only legal title to the interests granted by
<br />NEBRASKA—Singte Family—Faonie Mae/Freddie Mec iTNIFORM INSTRiTMEN'1' (MERS) Form 3U281lO1 (page 2 of 9 poges)
<br />12439.CV (9/11) 11-1b57 Creattve T6inking, Inc.
<br />GOTO(�30e325)
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