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2012035��
<br />1111062347
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a aominee for Lender and Lende�s successors and assigns. MERS is the ben+eflciary nnder
<br />this Secnrity Instrumen� MERS is organized and existing under the laws of Delaw°are, and has an address
<br />and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />('F') "Note" means the promissory note sigaed by Borrower and dated ffiAY 4. 2 012 . The Note states that
<br />Borrower owes Lender ONE HDNDRED BZGHTBgN THOII3AND 38VSN HIINDRSD FIFTY AND
<br />00/100 Dollars (U.S. $118, 750 . 00) plus interest. $orrower has proaused to pay this dcbt in regalar
<br />Periodic Payments and to pay the debt in full not later than sv1� 1, 2042.
<br />(G7 "Property" means the property that is descnbed below under the heading "Transfer of Rights i� the
<br />Property."
<br />(� "Loan" means the debt evidenced by the Notc, plus interest, any prepayment chazges and late oharges
<br />due under the Note, and all sums due under this �ecurity Instrument, plus interest
<br />(n "Riders" means a11 Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be escecuted by Borrower [cheek box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominiwm Rider 0 Secoad Home Rider
<br />❑ Balloon Rider ❑ Planned U�nit Development Rider O Biweekly Payment Rider
<br />❑ 1-4 Family Rider ❑ Othez(s) [sp�]
<br />(� "Appl�cable Law" naeans all conirolling applicable federal, sta.te and local sta.tutes, regul�tions,
<br />ordinances and administrative rules aad orders (that have the effect of law) as well as all applicable fmal, noa
<br />-appeala.ble judicial opinions.
<br />(I� "Community Association Daes, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imiposed on Borrower or the Property by a coadominium associarion, homeowners
<br />association or si�Onilaz organiaation.
<br />(L) "Electronic Funds Transfer" means an� iransfer of fimris, othes thau a Lransaction originated by check,
<br />draft, or similaz paper iastrument, which is initiated through an electronic terminal, telephonie instivment,
<br />computer, or magnetic ta�e so as to order, instruct, or authorize a 5nancial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />transaetions, transfers inztiated by telephone, wire t¢an.sfers, and automated cleati.nghouse iaaasfers.
<br />(1Vn "Escrow Items" means those items that are described in �ection 3.
<br />(N) "Miscellaneoas Proceeds" m�s any compensation, settlement, award of damages, or proceeds paid by
<br />any third garty (other than insuratice proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction o� the Property; (ii) condemnation or other talflng of a11 or aay part of the Property;
<br />(in� conveyance in lieu of condemnation; or (iv) misrepresentations o� or omissions as to, the value and/or
<br />condition of the Property.
<br />(0) "Mortgage Insurance" means instlrance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />(1') "Periodic Payment" means the regulazly sched.uled amount due for (i) principal and interest under the
<br />Note, pl,us (ii) a�y amouats iinder Section 3 of this Security Instrumen�
<br />(Q) "RESPA" means the Real Estate Settlemeat Procedures Act (12 U.S.C. §2601 et seq.) and its
<br />i�mplementing regulation, Regulation X(24 C.FR Part 3500), as they might be amended from time to time,
<br />or any additio�al or successtar legislation oz regulation tt�at govems the same subject mamer. As used in this
<br />5ec�ity Instrumeat, "RESPA" refers to all requizenaents aud res9rietions that are imposed in regard to a
<br />"fed.erally related mortgage loan° even if the Loan does not qualify as a"fedezally related mortgage loan"
<br />under RESPA. .
<br />(R) "Snecessor in Interest of Bor'rower" means any pari.y 'th�t has takea title to the Property, w�ether or
<br />NEBBASKA—Single Fam7y—Fannfe Ma�Freddie Mac UNLFORM YNSTRUMENI'
<br />� 338.8 Page 2 of 14 Form 3028 U01
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