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201502651
<br /> LOAN#: 1503EM098059
<br /> (D) "Trustee" is LINEAR TITLE 8�CLOSING.
<br /> (E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br /> acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br /> under this Security Instrument.MERS is organized and existing under the laws of Delaware,and has
<br /> an address and telephone number 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 April 18,2015.
<br /> The Note states that Borrower owes Lender TWO HUNDRED TWENTY THREE THOUSAND AND
<br /> N0/100,.***********«*****«********«*****************«*****«*******«***
<br /> *,r*****r*********,v*+r**,t,t,t****,v**,r,x**rr*,t+t***,t******,r******,r*,t**,rpollars
<br /> (U.S. $223,000.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br /> Payments and to pay the debt in full not later than May 1,2030.
<br /> (G) "Property" means the property that is described below under the heading "Transfer of Rights in
<br /> the Property."
<br /> (H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br /> charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br /> (I) "Riders" means all Riders to this Securiry Instrument that are executed by Borrower.The following
<br /> Riders are to be executed by Borrower[check box as applicable]:
<br /> ❑ Adjustable Rate Rider ❑ Condominium Rider ❑ SecondHomeRider
<br /> ❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify]
<br /> ❑ 1-4 Family Rider ❑ Biweekly Payment Rider
<br /> ❑ V.A. Rider
<br /> (J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br /> ordinances and administrative rules and orders (that have the effect of law) as well as all applicable
<br /> final, non-appealable judicial opinions.
<br /> (K) "CommunityAssociation Dues,Fees,and Assessments"means all dues,fees,assessments and
<br /> other charges that are imposed on Borrower or the Property by a condominium association,homeowners
<br /> association or similar organization.
<br /> (L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br /> check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br /> instrument,computer,or magnetic tape so as to order, instruct,or authorize a financial institution to debit
<br /> or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br /> machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br /> 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
<br /> paid by any third party (other than insurance proceeds paid under the coverages described in Section
<br /> 5)for: (i)damage to, or destruction of, the Property; (ii)condemnation or other taking of all or any part
<br /> of the Property; (iii)conveyance in lieu of condemnation; or(iv)misrepresentations of,or omissions as
<br /> to,the value and/or condition of the Property.
<br /> (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
<br /> on,the Loan.
<br /> (P) "Periodic Payment"means the regularly scheduled amount due for(i)principal and interest under
<br /> the Note, 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
<br /> implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time to
<br /> time, or any additional or successor legislation or regulation that governs the same subject matter.As
<br /> used in this Security Instrument, RESPA refers to all requirements and restrictions that are imposed
<br /> « ��
<br /> in regard to a"federally related mortgage loan"even if the Loan does not qualify as a "federally related
<br /> mortgage loan"under RESPA.
<br /> (R) "Successor in Interest of Borrower"means any party that has taken title to the Property,whether
<br /> or not 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
<br /> successors and assigns) and the successors and assigns of MERS. This Security Instrument secures
<br /> to Lender: (i)the repayment of the Loan, and all renewals, extensions and modifications of the Note;
<br /> and (ii)the performance of Borrower's covenants and agreements under this Security Instrument and
<br /> the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, ith powe�f
<br /> Initials: ' ,
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101
<br /> Eltie Mae,inc. Page 2 of 12 tvEE ED 0315
<br /> NEEDEED
<br /> 04/17l2015 10:21 AM PST
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