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2Q120�175
<br />1111065811
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corgoration that is
<br />acting solely as a nominee for Lender aad Lender's successors and assigns. MERS is the benet3ciary under
<br />this Security Instrament MERS is organized and existing tinder the laws of Delawaze, and has an address
<br />and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. {888) 679-MERS.
<br />(k� "Note" means the promissory note signed by Borrower and dated JVLY 27, 2012. The Note states
<br />that Borrower owes Lender ONE HUNDRBD FORTY THOIISAND AND 00/100 Dollars (U.S.
<br />$140, OOQ.00) plus interest Borrower has promised to pay this debt in regulaz Periodic Payments and to
<br />pay the debt in full not later than AUGIIST 1, 2042.
<br />(G) "Property" means the properly that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late chazges
<br />due under the Note, and all sums due uader this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that aze executed by Borrower. The foIlowing
<br />Riders aze to be executed by Borrower [check box as applicableJ:
<br />O Adjustable Rate Rider ❑ Condominium R.ider � Second Home Rider
<br />❑ Balloon Rider O Planned Unit Development Rider 0 Biweekly Payment Rider
<br />❑ 1-4 Family Rider � Other(s) [specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and locai statutes, regulations,
<br />ordinances aud administrative rules and orders {that have the effect of law) as well as all applicable final, non
<br />-appealable judicial opinions.
<br />(1� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that aze imposed oa Borrower or the Property by a condominium association, homeowners
<br />association or similaz organization.
<br />(L) "Elertronfc Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper inshvment, which is iniriated thtough an eleatronic terminal, telephonic instrument,
<br />computer, or magnetic 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
<br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other Wan insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Pmperry; (ii} condemnarion or other taking of all or any part of the Property;
<br />(iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, ar default on,
<br />the Loan.
<br />(P) "Periodic Payment" means the re�ularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its
<br />implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time,
<br />or any additional or successor legislation or regulation that govems the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regazd to a
<br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan"
<br />under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or
<br />not that party has assumed Borrower's obligations under the Note andlor this Security Instrument.
<br />NEBItASKA—Single Farrrily—Fanole MarlFreddie Mac UMFORM 1NSTRUMENT
<br />� 338.8 Page 2 of 14 Form 3028 J/Ol
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