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20120�553
<br />(K} "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 condominium association, homeowners association or
<br />similar organization.
<br />(L) "EIectronie FUnds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to �rder, instruct, or authorize a finaneial 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 transfers, and automated clearinghouse transfers.
<br />{Nn '°Escrow Items" means those items that are described in Section 3.
<br />(N} "Miscellaneous Proceeds" means any compensarion, settlement, award of damages, or proceeds paidby any
<br />third party {other than insurance proceeds paid under the coverages descnbed in Section 5) for: (i) damage ta, or
<br />destruction of, the Property; (ii) condemnation or other taking of al! or any part of the Property; (iii) conveyanca
<br />in lieu of condemnation; or (iv) misrepresentarions of, or omissions as to, the value and/or condiNon of the
<br />Property.
<br />(0) '�Mortgage Insarance" means insurance protecting Lender against the nonpayment of, ar default on, the
<br />T.oan.
<br />(P} "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(� "RESPA" means the ReaI Estate Settlement Procedures Act {12 U.S.C. §2601 et seq.} and its implemenring
<br />reguiation, 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 restrictions that are imposed in regard to a"federally related mortgage
<br />loan" even if the Loaa does not qualify as a"federally related �rtgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken ritle to the Property, whether or not
<br />that party has assumed Borrower's obligations under the Note andtor tttis Security Instn2ment.
<br />TRANSFER OF RIGHTS IN Tf� PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee far Lender and Lender's successors and
<br />assigns} and the successors and assigns of MERS. 7 his Security Instrufnent secures to Lender: {i) the repayment
<br />of the l'.oan, and aii renewals, extensions and modifications ofthe 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 fallowing described properry
<br />]ocatedinthe Countv of A�11
<br />[Type of Recording Jurisdiction] [Name of Recording 7urisdictian]
<br />Lot 18, Westwood Park Sixth Subdivision, in the City of Grand IsIand, Hall County, Nebraska.
<br />which currently has the address of 4179 Nonvood Dr4ve
<br />[S�eetj
<br />Grand Island , Nebraska 68803-312b (°°Properry Adct�ess"):
<br />[C�tYI IZip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the properry, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and addit�ons sha31 also be
<br />covered by this Security Insmiment. All of the foregoing is referred to in this Security Instrument as the
<br />"Praperty." Borrower understands and agrees that MERS holds only Iegal title to the interests granted by
<br />NEB1tASKA—Single Feroily—Fannie Mae/Freddie Mac ifii[FORM INSTRUMENT (MElt3) Fortn 30281(01 (pAge 2 of 4 pagesJ
<br />13439.Cd (9/11) 4300102764 CreaHve Thinking, Inc.
<br />GOTO(003t003b)
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