|
��14�135�
<br /> �E} "MERS" is Mortgage E�ectronic Reg�stration Systems, Inc. MERS is a separate corporation that �s acting
<br /> solely as a nominee for Lender and Lender's successors and assigns. MERS i5 the beneficiary under th�s S�curity
<br /> Instrument. MERS is organized apd exis�ing under�he laws af Delaware, and has an address and telephone number
<br /> of P.�. Box 2�26, Flint, MI 485D 1-��2�, tel. �$$S} 679-MERS.
<br /> (F� "NotQ"meaps the promissory note s�gned by Borrawer and dated FEBRUARY �1, 2�14 .
<br /> 7`he Note states�hat Borrower owes Lender E I GHTY--THREE TH�USAND AND 0��1�0
<br /> Do�lars �U.S. $ 8 3 , D�� . �� �plus interest.
<br /> Barrovver has promised to pay this debt in regular Period�c Paymen�s and to pay the debt in ful� not later than
<br /> MAR�H 1, ��44 .
<br /> ��} "Pr�perty"means the property that is described below under the heading"Transfer of Rights in�he Property."
<br /> �H} "Loan"means the de�t e�idenced by the Note, plus i�terest, any prepayment charges and late charges due under
<br /> the Note, and al) sums due under�his Securit}� Instrument, p�us interest.
<br /> (I} "Riders"means all Riders to�his Security Ins�rument that are�xecuted b}� Borrower. The following Riders are
<br /> to be executed by Borrower �check box as applicah�e�:
<br /> � Adjustable Rate l��der [] Planned Unit De�elopment Rider
<br /> � Balloon Rider [� Biweekly Payment Rider .
<br /> � [] 1-4 Family Rider [] Second Home Rider
<br /> [] �ondominium Rider [] ��her�s� [specify]
<br /> (J] "Appi��ab�e Law"means all contral�ing applica��e federa�, state and ioca�statutes, regulations, ordinances and
<br /> adminis�rati�e rules and orders t�hat ha�e the effect af law} as we�l as all applicable final, non-appea�able judic�al
<br /> opinions. �
<br /> �I� "�ommunity Association Dues, Fe�s, and ASsessments"means all dues, fees, assessmen�s and other charges
<br /> that are imposed on Borrower or the Property by a condominium ass�ciation, homeowners associatian or similar
<br /> organization.
<br /> �L} "Ele�tranie 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, telephanic instrument, computer, or
<br /> magne�ic�ape so as to order, instruct, or authorize a financial institution �o deb�� or credit an account. Such term
<br /> includes, but �s not limi�ed �o, pflint-af-saie transfers, au�omated tel�er machine transactions, transfers ini�iat�d by
<br /> telephone, wire transfers, and automated clearinghouse transfers.
<br /> �M} "Escrow ItemS"means those items that are described in Sectian 3.
<br /> �N} "Miscellaneous Pr�ceeds"means any compensa�ion, settlement, avvard of damages, or proceeds paid by any
<br /> th�rd par�y �other than insurance pr�ceeds pa�d under�h� co�erages described �n Sect�on 5� for: �i} da�mage ta, or
<br /> destructian of, the Property; �ii�condemna�ion or o�her�aking�f aIl or any part of the Property; �ii�}con�eyance in
<br /> l�eu �f condemna�ion; or�i�}misrepresentat�ans of, o� omissians as�a, the�alue ar�dl�r cond��ian of the Praperty.
<br /> [�} "Mortgage Insuranc�"means insurance protecting Lender against the nonpayment�f, flr default on, the Loan.
<br /> �P} "P�r�odic Payment" means the regularly scheduled amoun�due for ti} principal and in�erest under the Note,
<br /> p�us �ii} any amounts under Sectinn 3 �f this Security Ins�rument.
<br /> �Q� "RESPA"means the Real Estate Settlement Procedures Act �12 U.S.C. §26�1 et seq.} and its implementing
<br /> regulation, Regulation ���2 �.F.R. Par� 1 D24}, as they might be amended from time to time, or any additiona� or
<br /> successor legislation or .regu�a�ion that go�erns the same subject matter. As used ln th�s Security Ins�ru�ment,
<br /> "R.ESPA" refers ta a�l reQuirements and res�rictians�hat are imposed �n regard�a a"federa�ly related mortgage loan"
<br /> e�en �f the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br /> NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIF�RM lNSTRUMENT - MERS p������
<br /> Form 3��$ �1�1 Page 2 of 15 www.dv�magi�.�om
<br /> .
<br /> .
<br />
|