|
20120397�
<br />DOC ID #: 00024128715012011
<br />telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(� "Note" means the promissory note signed by Bonower and dated DECEMBER 23 , 2 011 . The
<br />Note states that Bonower owes Lender
<br />FORTY THOUSAND SEVEN HUNDRED and 00/100
<br />Dollars (U.S. $ 4 0, 7 0 0. o o ) plus interest. Bonower has promised to pay this debt in regulaz
<br />Periodic Payments and to pay the debt in full not later than JAN[7ARY o 1, z 04 2
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property.��
<br />(I� "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges and late chazges due
<br />under the Note, and all sums due under this Security Instrument, plus interest.
<br />(n "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders
<br />aze to be executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider
<br />❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify]
<br />(,n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances
<br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non-
<br />appealable judicial opinions.
<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Bonower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar 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 institurion to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(N� "Escrow Items" means those items that aze described in Section 3.
<br />(1� "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Properly; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender 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
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
<br />implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time,
<br />or any additional or successor legislation or regulation that govems the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to a11 requirements and restrictions thai are imposed in regazd to a
<br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan"
<br />under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has talcen 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 THE PROPERTY
<br />The beneficiary of this Security Instrument is 1VIERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security 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 irrevocably
<br />grants and conveys to Trustee, in trust, with power of sa1e, the following described property located in the
<br />courrrx of x�L •
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />LOT NINE (9), BLOCK SIX (6), HANN'S THIRD ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. PARCEL NO. 400042746
<br />NEBRASKA—S(ngle Family—Fannle Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 1/07
<br />MERS Deed of Trust-NE
<br />20Q6A-NE (12/11) Page 2 of 12
<br />
|