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2Q1205982
<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condomuuum association, homeowners association or
<br />similaz organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similaz paper instrument, wluch is initiated through an electronic terminal, telephonic instrument,
<br />computer, or ma.gnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire tra.nsfers, and automated clearinghouse transfers.
<br />(Nn "Escrow Items" means those items that are described in Section 3.
<br />(1� "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 descnbed in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taking of a11 or any part of the Property; (iii) conveyance
<br />in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the
<br />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 regulazly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument
<br />(QJ "RESPA" means the Real 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 govems the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and resirictions that are imposed in regazd to a"federally related mortgage
<br />loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party tha.t has taken title to the Property, whether or not
<br />tliat 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 MERS (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 a11 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
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />A tract of land comprising a part of Lot Three (3), Voss Subdivision, located in the West Half of
<br />the Southeast Quarter (Wl/2SE1/4), of Section Eleven (11), Townslup Eleven (11) North, Range Nine (9)
<br />West of the 6th P.M., in the City of Grand Island, Hall County, Nebraska, more particularly described as
<br />follows:
<br />Be�ainning at the southeast corner of said West Half of the Southeast Quarter (Wl/2SE1/4), said point
<br />also being the southeast corner of said lot Three (3); thence running northerly on the east line of said Lot
<br />Three (3), on an Assumed bearing of N 00° 04' 29" W, a distance of Thirty Three (33.00) feet, to a point
<br />on the northerly right of way line of Seedling Mile Road; thence running N 89° 23' 35" W, on the
<br />northerly right of way line of Seedling Mile Road, a distance of One Hundred Thirty Two and Forty
<br />Seven Hundredths (132.4'n feet, to the ACTUAL Point of Beginning; thence continuing N 89° 23' 35" W,
<br />on the northerly right of way line of Seedling Mile Road, a distance of Eighty Eight and Thirty Three
<br />Hundredths (8833) feet; thence running N 00° 06' 30" E, a distance of Two Hundred Ninety Nine and
<br />Ninety One Hundredths (299.91) feet; thence running S 88° 35' 27" E, a distance of Eighty Seven and
<br />Ninety Six Hundredths (87.96) feet; thence running S 00° O1' S7" W, a distance of Two Hundred Ninety
<br />Eight and Forty Eight Hundredths (198.48) feet, to the ACTTJAL Point of Beginning
<br />which currently has the address of3112 E Seedling Mile Road
<br />[Street]
<br />Grand Island , Nebraska 68801 ("Property Address"):
<br />[City] � [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Insirument. All of the foregoing is refened to in this Security Instrument as the
<br />"Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by
<br />NEBRASKA—Single Family—Tannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 30281/Ol (page 2 of 9 pages)
<br />12439.CV (9/11) 908043 Creative Thinking, Inc.
<br />GOTO(Q0209e9b)
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