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<br />Instrumen� MERS is organized and existing under the laws of D�laware, and has an address and telephone number of
<br />P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(N� °fNote" means the promissory note signed by Borrower and dated July 27, 2012. The Note states that Borrower owes
<br />Lender ONE HUNDRED FIFTEEN THOUSAND AND NO/100 Dollars (U.S. $115,000.00) plus interest. Bonower
<br />has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than August 1, 2032.
<br />(G) "Property" means the properiy that is described below under the heading "Transfer of Rights in the Property."
<br />(I� "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, and a11 sums due under this Security Instrument, plus interest.
<br />(n "Riders" means all 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 />❑ Other [Specify] -
<br />(,n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrarive rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means a11 dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association ar similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, 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 />(M) �Escrow Items" means those items that are described in Section 3.
<br />(1� uMiscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 of this S�urity Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regularion, 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 subj�t matter. As used in this Security Instrument, "RESPA"
<br />refers to all 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 />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />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 assigns)
<br />and to the successors and assig�s of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan,
<br />NEBRASKA -Single Family-Fannle Mae/Freddte Mac UNIFORM INSTRUMENT with MERSForm 3028 1/01 �
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<br />IDS� Ina BOITOW@�(S) I�ItiAIS
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