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�01207881
<br />(G) "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 />(I� "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] Construction Loan Rider
<br />(n "Appticable Law" means a11 controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the e�ect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(.n �°Community Association Dues, Fees, aad Assessments" means all dues, fees, assessments and other chazges that
<br />are 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 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 transacrions, transfers initiated by telephone, wire transfers,
<br />and automated clearinghouse transfers.
<br />(L) °`Escrow Items" means those items that aze described in Section 3.
<br />(1Vn °°Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than inswance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnadon or other taking of all or any pa.rt of the Property; (iii) conveyance in lieu of
<br />condemnarion; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(1� °°Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) °°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 Security Instrument.
<br />(P) "RESPA" means the Rea1 Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regulation, Regulation X(12 C.F.R. Part 1024), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject 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 />(Q) "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 />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security
<br />Inslrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of
<br />sale, the following described property located in the County of Hall:
<br />A tract of land comprising a part of Lot Four (4) Island, Section Eleven (11) and Lot One (1) Maiinland,
<br />Section Eleven (11), Townslup Teu (10) North, Range Ten (10) West of the 6th P„M., Hall County,
<br />Nebraska, more particularly described as follows: Commencing at the West Quarter corner of Island
<br />Section 11, Townst►ip 10 North, Range 10 West; thence N 0° 23' 00" E along the West line of the Northwest
<br />Quarter of said Section 11, a distance of One Thousand One Hundred Twenty and Seventy Four
<br />NEBRASKA -Single Family-Fannle Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1/01
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<br />ios, tr,�. BoROwer(s) IniUals�� ,�1
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