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<br />(D) "Trustee" Is Fidelity Hational Title.
<br />LOAN �a 0291180Z71
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS Is the beneflciary
<br />under thls Securlty Instrument. MERS is organized and existing under the laws of Delaware, and has
<br />an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F� "Note" means the promissory note signed by Borrower and dated APRIL 2� 2012 .
<br />The Note states that Borrower owes Lender ONE HUNDRED FORTY 3IS THOUSAND AND NO/100
<br />***************************************************************************
<br />*******,r,r,t,t**,t**********+r*******,►**,t,t***,t********,t*******,t,t***,t,t*,t*** Dollars
<br />(U.S. $146, 000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than t�Y i, 2027 .
<br />(G) "Property" means the property that is described below underthe heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br />charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />{I) "Rlders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />O Adjustable Rate Rider � Condominium Rider 0 Second Home Rider
<br />� Balloon Rider � Planned Unit Development Rider D Other(s) [spec'rfy]
<br />01-4 Family Rider � Biweekly Payment Rider
<br />0 V.A. Rider
<br />(J) "Appllcable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(K) "Community Assoclatlon Dues, Fees, and Assessments" means all dues, fees, assessments
<br />and other charges that are imposed on Borrower or the Property by a condominium association,
<br />homeowners association or similar organization.
<br />(L) "Electronlc Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to
<br />debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated
<br />tellermachinetransactions, transfers initiated bytelephone,wiretransfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Mlscellaneous Proceeds" means any compensation, settlement, award ofdamages, or proceeds
<br />paid by any third party (other than insurance proceeds paid under the coverages described in Section
<br />5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part
<br />of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as
<br />to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
<br />on, the Loan.
<br />(P) "Perlodic Payment" means the regularly scheduled amount due for (i) principal and interest under
<br />the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(G1) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its
<br />implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to
<br />time, or any additional or successor legislation or regulation that governs the same subject matter. As
<br />used in this Secur'ity Instrument, "RESPA" refers to all requirements and restrictions that are imposed
<br />in regard to a"federally related mortgage loan" even 'rf the Loan does not qual'rfy as a"federally related
<br />mortgage loan" under RESPA.
<br />(R) "Successor in Interest of BoITOwer" means any party that has taken title to the Property, whether
<br />or not 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 of this Security Instrument is MERS (solely as nominee for Lender and Lender's
<br />successors and assigns) and the successors and assigns of MERS. This Security Instrument secures
<br />to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note;
<br />and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and
<br />the Note, For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, ' h o er f
<br />initials: �
<br />PIEBRASKA-Single Family-Fannle AAae/Freddle Mac UNIFORM INSTRUMEPIT Form 30281/01
<br />Onllne Documents, Inc. Page 2 Of 11 NEED 1108
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