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<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporarion that is acting
<br />solely as a nominee for Lender aad Lender's successors and assigns. MERS is the beneficiary ander this Security
<br />Instrumen� MERS is organized and existing under the laws of Delaware, and has an address and telephone number
<br />of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Bonower and dated MAY 2 2, 2 012 .
<br />The Note states that Bonower owes Lender THIRTY-SIX THOUSAND EIGHT HUNVRED AND
<br />0 0/ 10 0 Dollars (U. S. $ 3 6, 8 0 0. 0 0 ) plus interest.
<br />Bonower has promised to pay this debt in regulaz Periodic Payments and to pay the debt in full not later than
<br />JUNE 1, 2042 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(I� "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges and late charges due under
<br />the Note, aad all sums due under this Security Instrutnent, plus interest.
<br />(n "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are
<br />to be executed by Bonower [check box as applicable]:
<br />� Adjustable Rate Rider
<br />� Balloon Rider
<br />� 1-4 Family Rider
<br />� Condominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />� Other(s) [specify]
<br />(� "Applicable Law" means all controlling applicable federal, sta.te and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the efFect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other chazges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(L) "Electronic Fands Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is iniriated through an electronic terminal, telephonic instrument, computer, or
<br />magneric tape so as to order, instruct, or authorize a financial insriturion to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers iniriated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(Nn "Escrow Items" means those items that aze described in Section 3.
<br />(1� 'Ttiscellaneons Proceeds" means any compensarion, settlement, awazd 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 />destrucrion of, the Property; (ii) condemnarion or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentarions of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insarance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Period�ic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Secrion 3 of tlus Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regularion X(24 C.F.R. Part 3500), as they might be amended from time to time, or any addirional 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 restricrions that are imposed in regazd to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />NEBRASKA--Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 2 of 15
<br />Illullll I�III IIIIIII IIII I I II I II II I I IIIIII IIIIIIIII I II II)
<br />DorrJNegle �
<br />www.docmaglc.com
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