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<br /> (I) "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
<br /> that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br /> organization.
<br /> (K) "Electronic Funds Transfer"means any transfer of funds,other than a transaction originated by check,draft,
<br /> or similar paper instrument,which is initiated through an electronic terminal,telephonic instrument, computer,or
<br /> magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br /> includes, but is not limited to, point-of-sale transfers,automated teller machine transactions, transfers initiated by
<br /> telephone,wire transfers,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
<br /> third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br /> destruction of,the Property;(ii)condemnation or other taking of all or any part of the Property;(iii)conveyance in
<br /> lieu of 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(i)principal and interest under the Note,
<br /> plus(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(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 governs 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 loan"
<br /> even if the 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
<br /> party 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
<br /> of sale,the following described property located in the
<br /> •
<br /> County of HALL
<br /> [Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br /> SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN FOR ALL PURPOSES.
<br /> which currently has the address of 1502 N.HANCOCK AVE. ,GRAND ISLAND
<br /> [Street] [City]
<br /> Nebraska 68803 ("Property Address"):
<br /> [Zip Code]
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br /> appurtenances, and fixtures now or hereafter a part of the property. 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"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br /> Borrower warrants and will defend generally the title to the Property against all claims and demands,subject to any
<br /> Initials: v." 1k
<br /> NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 (page 2 of 13 pages)
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