20120858�
<br />Instrumea� MERS is organized and existing under the laws of Delaware, and has an address and telephone number of
<br />P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) °°Note" means the promissory note signed by Borrower and da.ted October 12, 2012. The Note states that Borrower
<br />owes Lender ONE HUNDRED TWENTY FOUR THOUSAND EIGHT HUNDRED AND NO/100 Dollars
<br />(U.S. $124,800.00) plus interest. Bonower has promised to pay this debt in regular Periodic Payments and to pay the
<br />debt in full not later tha.n November 1, 2027.
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(f� "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(n "Riders" means a11 Riders to this Security Instrument that aze executed by Borrower.
<br />executed by Borrower [check box as applicable]:
<br />❑, Adjustable Rate Rider ❑ Condominium Rider
<br />❑ Balloon Rider � Planned Unit Development Rider
<br />❑ 1-4 Family Rider ❑ Biweekly Payment Rider
<br />❑ Othei� [Specify] -
<br />The following Riders aze to be
<br />❑ Second Home Rider
<br />❑ VA 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 fina1, non-appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association or 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 temunal, 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 />(N) °°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 Secrion 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 Security Instrument.
<br />(Q) "RESPA" means the Real 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 aze 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 Inskrument.
<br />NEBRASKA -Singie Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT with MERSForm 3028 1/01
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<br />ios, mc. Borrower s Initlals
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