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201209761
<br /> LOAN ID # 1701572961
<br /> (J) "Applicable Law"means all controlling applicable federal,state and local statutes,regulations,ordinances
<br /> and administrative rules and orders(thaC have Yhe effect of law)as well as all applicable final,non-appealable
<br /> judicial opinions.
<br /> (K)"Community Association Dues,Fees,and Assessments"means all dues,fees,assessments and other
<br /> charges that are imposed on Bonower or the Property by a condominium association,homeowners association or
<br /> similar organization.
<br /> (L) "Electronic Funds Transfer"means any transfer of funds,other than a transaction originated by check,
<br /> draH,or sunilar paper instrument,which is initiated through an electronic terminal,telephonic instrument,
<br /> computer,or magnetic tape so as to order,instruct,or authorize a financial institudon 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 xutomated clearinghouse transfers.
<br /> (M)"Escrow Items"means those items that are described in Section 3.
<br /> (N) "Miscellaneous Proceeds"means any compeusation,settlement,award of damages,or proceeds paid by
<br /> any third party(other than insurance proceeds paid under the coverages described in Section 5)for: (i)damage
<br /> to,or destruction oP,the Property;(ii)condemnation or other taking of all or any part of the Property;(iii)
<br /> conveyance in lieu of condemnation;or(iv)misrepresentations of,or omissions as to,the value and/or condition
<br /> of the Property.
<br /> (0) "Mortgage Insurance"means insurance protecting Lender against the nonpayment of,or default on,the
<br /> Loan.
<br /> (P) "Periodic Payment"means the regtilarly scheduled amoant due for(i)principal and interest under the Note,
<br /> plus(ii)any amounts under Section 3 of this Security Instrument.
<br /> (Q) "RESPA"means the Rea]Estate SetUement 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,or
<br /> any additional or successot l�gislation or regulation that governs the same subject matter. As used in this
<br /> Security Instrument, "RESPA"refers to all requirements and restrictions that are imposed in regard to a
<br /> "federally related moxtgage loan"even if the Loan does not qualify as a"federally related mortgage loan"under
<br /> RESPA.
<br /> (R) "Successor in Interest of Borrower"means any party that has taken title to the Property,wliether or not
<br /> that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br /> TRANSFER OF RIGHTS IN THE PROPERTY
<br /> The beneficiazy of this Security Instrument is MERS(solely as nominee for I,ender and Lender's successors and
<br /> assigns)and the successors and assigns of MERS. This Security Instrument secures to Lender. (i)the
<br /> repayment of the Loan,and all renewals,exYensions and modifications of the Note;and(ii)the performance of
<br /> Borrower's 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 following described property located
<br /> in the COUNTY of HALL .
<br /> [Type of Recording Iurisdiction] [Name of Recording JurisdicUon]
<br /> LOT TWELVS (12), SLOCK THREE (3), SUMMBRFIELD ESTATES FOURTH SUBDIVISION, IN
<br /> TH8 CITY OF GRAND ISLAND, HALL COUNTY, NEBRASICA.
<br /> which currently has the address of 3923 PARTRIDGE CIRCLE, GRAND ISLAND ,
<br /> [SCreet] [CiTy]
<br /> Nebraska 6 s 8 0 3 ("Property Address"):
<br /> [Zip Code]
<br /> TOGETHER WITH all the improvements now or hereafter erecte�i on the property,and all easements,
<br /> appurtenances,and fixtures now or hereafter a part of the properiy. All replacements and additions shall also be
<br /> covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br /> "Property." Bonower understands and agrees that MERS holds only legal tiUe to the interests granted by
<br /> Borrower in this Security Instrument,but,if necessary to comply with law or custom,MERS(as nominee for
<br /> Lender and Lender's successors and assigns)has the right: to exercise any or all of those interests,induding,
<br /> but not limited to,the right to foreclose and sell the Property;and to take any action required of I,ender
<br /> including,but not limited to,releasing and canceling this Security Instrument.
<br /> BORROWER CQVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the
<br /> right to grant and convey the Property and that the Property is unencumbered,except for encumbrances of
<br /> record. Borrower warrants and will defend generally the title to the Property xgainst al]claims and demands,
<br /> subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br /> with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br /> Initials: � ' ��
<br /> NEBRASKA--Single Family--Fann[e MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/OL (page 2 of70 pages)
<br /> NECMM2-111042012 www.ProClose.cnm
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