|
��14��5��
<br /> €F� "lV��.R�" i� Mor��a�e Fl�ctrc���ic Re�is�ra�io�� SystGn�s, �s�c. MF.RS is a separate co�-pa�•a�ion �ha� is acti���
<br /> solely as a non�ine�far L�nd��•a�ad L���d��•'��uccessars and ass�b��s. MERS is th�ben�f c�ar�° unc�er�his Securi���
<br /> �ns�rumen�. MFR.S is or�at�i�ed�.nd existing unc�er th��a�vs�f T3ela�are, a��d��as ar�a�ddress a��d telephone�ur��aer
<br /> of P.�. I3c�x ZD��, Flint, 1�II� 485�l-?�2�, �el. �$88� 679-M�RS.
<br /> �F} ".Note"m eans�he prom i ssaz•y no�e �ibned by �3orro��ver and dated JANIJARY �4 , ��1� .
<br /> The No�e st�.tes�hat Barrower ov��e� I.��nder UNE �UNDRED F I FTY-F��.TR THC�US�.ND AND
<br /> 0 0/�.o o I�o�la�-s �U.S. $ 15 4 , �0� . D� �plus it�ter�st.
<br /> �orro�er ��a.s p�-o�nised to pay tl�is c�ebt in re�ula�- Pe.r�odic ���men�s and to pa�� th� debt i� f�ill not l�.�er th.an
<br /> FEBRUARY l, ��44 .
<br /> ��} "Pr�perty'��n�ans the propel•�y�hat is des�rib�c�be1�ti�under the h.�adipg"Transfer t�f Ri�hts in�he P�•operty."
<br /> �H} "Loan"�neans the de�t evide�ced by th�Iva�e, p���s inte.res�, an}r p�-epaymel�����ar���ar�d late charges due u��der
<br /> �h�Na�e, a��d al� su�ns due ��nder this Security Instrument, pl��s ipter�s�.
<br /> �i� '�Rid�rs"n�eans al�F�ider����his Securit�j lns��um�nt���a�a�-�execu�ed�by�3orrov�er. The f�l�a«�inb Riders are
<br /> �o be�x�cuted b�f Borro��v�r �check b��� as ap�l i�ab le�:
<br /> � Ad justa�le Rafie Rider � P]a��ned Uni� Dev��opment Rider
<br /> [] Ba�lao�n Ride�• � Bi►�veekl}� Pa��ne��t R�der
<br /> [] 1-4 Fami��.� Rider � ��cand Ho.me I�ider
<br /> � �andc��r�i���u�n R.�der � �th�r�s} �specif�'�
<br /> ��� 'tAppli�able Law"mea�as�11 cantrallin�applicable f.�deral, state anc��o�al statu#�s,r�guiat�ans, ordinances and
<br /> admir�istr��ive rules and orders��ha� ha�e�he effe�t o�`�aw� as r��vel� as all app��cable �inal, no��-app�a�able�udicia�
<br /> apiniax�s.
<br /> �K} "�ommunity As�o�ia�ion Ilues, F��s, and As�essrx�ents"mea��s a�l dues, fe�s, assessmer�ts and other charges
<br /> �ha�t �.re i��pased oi� �3orr����er ar t��e P.ra�e�-ty by a cat�da����aiu�� asso�ia�ion, ham�o�v��ers asso��a�iox� az- simi�ar
<br /> or�az�i�at�oi�.
<br /> �L3 "Ele�froni� Funds Transfer"means�ny transfer af fuzads, a�her tiha�� a�rans�ctian or�����ated b�che�k, draft,
<br /> or �i��i�ar pap�r ins�run�ex�t, �hi��� is initiia�ed �hrou�h a� elec�•�nic tern�inal, te�ep��onic ins�-umen�� campute�-, or
<br /> ma�neti� �ape so as to ord�r, instruc�, c�r a��thori�e a fnancia] institu�ia�� to debi.� or credit ar� a�count. Such.t�r.n�
<br /> ���c�udes, bu� �� no� limited ta, pnin�-�f sale t�-ansfers, auton�ated te��er machine��-an�actians, transfers init�a�ed by
<br /> �elephnne, wire transfers, an� au�amated c.l�a�-ir��;house transfe�-s.
<br /> �M� "Escro�v �tems"means those iteins t��at ax��descr���ed �n Section 3.
<br /> {N) "M isceila neous Procee�s"n�ean s ar�� corn�ens��ian, settl�m e���, a�vard of dam a�es, ar proceeds pa�d by any
<br /> t���rd par� �otl�er ���an insura��cz proce�ds paid under the co�rera�es describ�d in SectiQ�� 5} �'or: �i} damag��a, �r
<br /> d�s�ruction of t��e Pro��.rty; �ii} co��demna�ion Qr o�her takinb af al� or any part of the Propert��; �i�i} co��veyax�ce in
<br /> lieu of�ond�n�nation. or [iv} mis.repres�nta�ions o�; o.r an�iss�ans as t��, �he va�ue andlor col�d���c��� of�he Property.
<br /> �[3} "Mortgage Insurance"xneans insurance p�-otec�in�Le��de�-a�ains��he nc�npayment af, or�efault a��, the La�.n.
<br /> �P} "Periac�ic Paymen�"n�eans�he re�ularly s�l�edule�a�nour�t due for �i} principa� �nd i����rest under ��e No�e,
<br /> plus �ii� any amoun�s �ander SectiQn 3 �f�his Sec�rrit� �Ins�rutnent.
<br /> �Q} "RFISPA"�neans the Real Fstate S��le�r��nt Pracedures Ac:t �I� [�.S.�`. �2f��1 et seq.} and its imple�r�en�in�;
<br /> re��.�la�ion, R��u�a��oi� � �]� �.F.R. F�rt 10?4}, as they mi�;}�t be arr��nded�•�r�time to time, or ar�y addi�iofla� or
<br /> su�cessor ieb���ation or re�ulatian tha� �overns the san�e s��bjec� ���atter. As used ix� �his Security ���s�•umen�,
<br /> "RESpA" 1-efers�o a��r�quirements apd�•es�ric�ions�ha�are i.��np�sed in re�ard to a"f�deral���re�ated mortga�e loan"
<br /> even if t�7e �.�oan dozs no� aual�f}� as a"federallV rel.a�ed m�art�a�e lo�.n" und�r R.FSPA.
<br /> NEBRASKA--Singie Family--Fannie �aeJFreddie Mac UNlF�RM lNSTRUMENT - �'LIIERS D�cA+lag�c , .
<br /> Fo�'rn 3D�8 1ID� �agr� 2 of 1� www.dacrx�agic.cvrn
<br /> ■ r
<br /> r
<br />
|