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2 01 307713
<br /> RE—RECiJ x,. ...r b 2 013 0 7 5 3 5
<br /> (K) "Community Association Dues, Fees,and Assessments"means all dues, fees, assessments and other
<br /> charges that are imposed on Borrower 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 /> draft, or similar 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 institution to debit or credit an
<br /> account. Such term includes,but is not limited to,point-of-sale transfers,automated teller machine transactions,
<br /> transfers initiated by telephone,wire transfers,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
<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
<br /> in lieu of condemnation; or (iv)misrepresentations of, or omissions as to, the value and/or condition of the
<br /> 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 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 /> (Q) "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
<br /> loan"even if the 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
<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 beneficiary of this Security Instrument is MERS(solely as nominee for Lender and Lender's successors and
<br /> assigns)and the successors and assigns of MERS.This Security Instrument secures to Lender: (i)the repayment
<br /> of the Loan,and all renewals,extensions and modifications of the Note;and(ii)the performance of Borrower's
<br /> 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
<br /> located in the County of Hall
<br /> [Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br /> THE SOUTH 15.2 FEET OF LOT EIGHT(8),AND THE NORTH 36.8 FEET OF LOT TEN(10),
<br /> ALL IN BLOCK TWENTY-FOUR(24),IN COLLEGE ADDITION TO WEST LAWN IN THE
<br /> CITY OF GRAND ISLAND,HALL COUNTY,NEBRASKA.
<br /> which currently has the address of2123 North Grand Island Avenue
<br /> [Street]
<br /> Grand Island ,Nebraska 68803 ("Property Address"):
<br /> [City] [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
<br /> "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by
<br /> NEBRASKA—Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT(MERS) Form 30281/01 (page 2 of 9 pages)
<br /> 12439.CV(9/11) 0116028 Creative Thinking,Inc.
<br /> GOTO(00acb7f3)
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