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201210788
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12/19/2012 8:33:40 AM
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12/19/2012 8:33:39 AM
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DEEDS
Inst Number
201210788
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201210788 <br />(H) "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 />(1) "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 final, non - appealable judicial <br />opinions. <br />(J) "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 />(K) "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 />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous 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 />(N) "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 (1) principal and interest under the Note, plus <br />(ii) any amounts under Section 3 of this Security Instrument. <br />(P) "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 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 />Instrument 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 />See Attached Exhibit "A" <br />Parcel ID Number: 400148201 <br />which currently has the address of: 821 S Locust St <br />Grand Island, NEBRASKA 68801 ("Property Address "): <br />NEBRASKA Single Family- Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1101 <br />Page 2 of 12 <br />mho. Borrower(s) Initial <br />
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