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201400770
<br /> (E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting
<br /> solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security
<br /> Instrumen� MERS is organized and existing under the laws of Delaware, and has an address and telephone number
<br /> of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br /> (F') "Note"means the promissory note signed by Borrower and dated JANUARY 2 9, 2 014 .
<br /> The Note states that Borrower owes Lender TWO HUNDRED FIFTY THOUSAND FIVE HUNDRED AND
<br /> 0 0/10 0 Dollars ([J.S. $2 5 0,5 0 0.0 0 )plus interest.
<br /> Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in fu11 not later than
<br /> FEBRUARY 1, 2034 .
<br /> (G) 'Troperty"means the property that is described below under the heading"Transfer of Rights in the Property."
<br /> (I� "Loan"means the debt evidenced by the Note,plus interest, any prepayment charges and late charges due under
<br /> the Note, and all sums due under this Secwity Instrument, plus interest.
<br /> (I} "Riders"means all Riders to this Security Instrument that are executed by Borrower. The following Riders are
<br /> to be executed by Borrower[check box as applicable]:
<br /> � Adjustable Rate Rider � Planned Unit Development Rider
<br /> � Balloon Rider � Biweekly Payment Rider
<br /> � 1-4 Family Rider � Second Home Rider
<br /> � Condominium Rider � Other(s) [specify]
<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 final, non-appealable judicial
<br /> opinions.
<br /> (I� "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 /> organizarion.
<br /> (L) "Electronic Funds Transfer"means any transfer of funds, other than a transacrion 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 /> (Nn "Escrow Items"means those items that are described in Section 3.
<br /> (1� "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 /> (0) "Mortgage Insurance"means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br /> (P) 'Teriodic 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 Securiry Instrument.
<br /> (Q) "RESPA"means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br /> regularion, 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,
<br /> "RESPA" refers to all requirements and restricrions 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 /> NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS Dor�Hglc�
<br /> Form 3028 1/01 Page 2 of 15 www,docmagic.com
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