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201204344
<br />(G) °'Loan" means the debt evideaced by the Note, plus interest, any prepayment charges and late chazges due under the
<br />Note, and all sums due under tkris Security Instrument, plus interest.
<br />(I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />� Balloon Rider ❑ Planned Unit Development Rider ❑ VA Rider
<br />❑ 1-4 Family Rider ❑ Biweekly Payment Rider
<br />❑ Other [Sp�ify]
<br />(n "Applicable Law" means a11 controlling applicable federal, state 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 />(.n �°Community Associatton Dues, Fees, and Assessments" means all dues, fees, assessments and other chazges that
<br />aze imposed on Borrower or the Property by a condominium association, homeowners associarion or similar organizarion.
<br />(I� "Electronic Funds ZYansfer" means aay lransfer of funds, other than a transaction originated by checlt, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not
<br />limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers,
<br />and automated clearinghouse transfers.
<br />(L) 64 Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) daznage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(1� °`Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periiodic Payment" meaas the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 of this Security Instrument.
<br />(P) °°RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.RR. Part 3500), as they might be amended from time to time, or any addirional or
<br />successor legislation or regularion that governs the same subject matter. As used in this Security Instrument, "RESPA"
<br />refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the
<br />Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />has assumed Borrower's obligarions under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (u) the performaace of Bonower's covenants and agreements under this Security
<br />Inst�vment and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of
<br />sale, the following described property located in the County of Hall:
<br />Lot Thirty Four (34), Morningside Acres Subdivieion, in the City of Grand island, Hall County, Nebraska
<br />Pazcel ID Number: 400330911
<br />which currently has the address of: 1612 Chesapeake Circle
<br />Grand Island, NEBRASKA 68801 ("Properiy Address"):
<br />NEBRASKA-Single Family-Fannle
<br />IDS, Inc.
<br />Page 2 of 12
<br />Borrower(s)
<br />3028
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