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201 20601G
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, and all sums due under this Security Insh�ument, plus interest.
<br />(I� "Riders" means a11 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 />� Okher [Sp�ify] Construction Loan Rider
<br />(n "Applicable Law" means all 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 Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that
<br />aze imposed on Borrower or the Property by a condominium association, homeowners association or similaz organization.
<br />(I� "Electronic Funds Transfer" means any transfer of funds, other than a transacrion originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic temvnal, 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) "Escrow Items" means those items that are described in Section 3.
<br />(1Vn uMiscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the covera.ges described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of a11 or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value aad/or condition of the Property.
<br />(1� "Mortgage Insurance" means �nc protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled a.mount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 of tUis Security Instrument.
<br />(P) "RE5PA" 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 aay additional or
<br />successor legislarion or regulafion that governs the same subject matter. As used in this 5ecurity Instrument, "RESPA"
<br />refers to a11 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 ta.ken title to the Property, whether ot not that party
<br />has assumed Bonower'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 all renewals, extensions and
<br />modifications of the Note; and (ri) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Tn�stee, in trust, with power of
<br />sa1e, the following described property located in the County of Hall:
<br />Lot 13 of LaRue to the City of Grand island, Hall County, Nebraska.
<br />which currently has the address of: 3761 Starwood Ave
<br />Grand Island, NEBRASKA 68803 ("Property Address"):
<br />NEBRASKA Single Family-Fannte MaelFreddie Mac UNIFORM INSTRUMENT Form 1/01
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<br />ios, inc. Borrower(s) Initiaals
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