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201204407
<br />plus interest. Bonower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later
<br />than JUNE 1, 2042 .
<br />(� "Property" means the property that is described below under the heading "Transfer of Rights in the Property. "
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(I� "R�tders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are
<br />to be executed by Borrower [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) [spe,cify]
<br />(n "Applicable Law" means a11 controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the eff�t of law) as well as a11 applicable final, non-appealable judicial
<br />opinions.
<br />(.n "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, hom�wners association or similar
<br />organization.
<br />(I� "Electromtc Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instnunent, which is initiated through an electronic terminal, telephonic instnunent, computer, or
<br />ma,gnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that aze described in 5ection 3.
<br />(1Vn "Miscellaneous Proceeds" means any compensation, settlement, award 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 />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Properly.
<br />(1� "Mortgage Insurance" means insurance prote,cting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Se,ction 3 of this Security Instrument.
<br />(P) "RESPA" means the Rea1 Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional 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 restrictions that aze imposed in regard to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(� "Succe.ssor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />party has assumed Bortower's obligations 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 a11 renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3b28 1/01 Page 2 of 14
<br />DodNeg/c Q�t+�DUDffi
<br />www.docmaglc.wm
<br />� �
<br />Ne3028.dot.�1
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