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20120��9� <br />(D) �Trustee" is First American Title Insurance Company <br />(E) "MERS" is Mortgage Electronic Registraiion S,ystems, Inc. MERS is a separate corporalion tl�at is <br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the ben�ciary under <br />this Security Instrument, MERS is organized and exisling under tlie laws of Delaware, and has an address <br />and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. <br />(� "Note" means the promissory note signed by Borrower and dated May 31, 2012 . Tl�e Note <br />states tl�at Borrowerowes Lender One Hundred Thirty Seven Thousand and no/100 <br />Dolla�s (U.S. $137,000.00 ) <br />plus interest. Borrower has promised to pay tlus debt in regular Periodic Payments and to pay the debt in full <br />not later tl�an June 01, 2042 . <br />(G) "Property" means the property that is described below under the I�ading "Transfer of Rights in the <br />Property." <br />(� "Loan" means the debt evidenced by the Note, plus interest, any prepayment cl�arges and late charges <br />due 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 e�ecuted bv Borrower. The following <br />Riders are to be e�ecuted 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 ❑ Ott�er(s) [specify] <br />(.n "Applicable Law" means all coirtrolling applicable federal, state and local statutes, regulaUons, ordinances <br />and administrative rules and orders (tl�at have the effect of law) as well as all applicable final, non-appealable <br />judicial opinions. <br />(I� "Community Association Dues, Fees, and Assessment�" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium associatioq homeowners association <br />or similar organization. <br />(L) "Electronic l�nds Transfer" means any transfer of funds, odier than a transaction originated by check, <br />draft, or similar paper insttument, wluch is initiated through an electronic tenninal, teleplmnic instmment, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an <br />account. Such tenn includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, <br />transfers inidated by telephone, wire transfers, and automated clearinghouse transfers. <br />(M} KEscrow Items" means those items tl�at are described in Section 3. <br />(N) "Miscellaneou s Proceeds" means an,y compensadon, settlemenl, awa�d of damages, or proceeds paid by any <br />tlurd party (other than insurance proceeds paid under the coverages described in Secrion 5) for: (i) damage to, or <br />NEBRASI�A—Single Fatnily—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />NEBRASKA-MERS <br />ITEM 2898L2 (072811) <br />Form 30281/01 <br />6reatDas`� <br />(Pege 2 � 15) <br />