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<br /> 201503386 I�
<br /> (E) "MERS" is Mortgage Electronic Registrarion 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 /> Instrument. MERS is organized and exisring 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 MAY 14, 2 015 .
<br /> The 1Vote states that Borrower owes Lender TWO HUNDRED THREE THOUSAND AND 00/100
<br /> Dollars (LJ.S. $ 2 0 3, 0 0 0 . 0 0 ) plus interest.
<br /> Bonower has promised to pay this debt in regular Periodic Payments and to pay the debt in ful! not later than
<br /> JUNE l, 2045 .
<br /> (G) "Property"means the property that is described below under the heading"Transfer of Rights in the Property."
<br /> (� "Loan"means the debt evidenced by the 1Vote,plus interest,any prepayment charges and late charges due under
<br /> the Note, and all sums due under this Security Instrument. plus interest.
<br /> (n "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 /> (K) "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 associarion, homeowners association or similar
<br /> organization.
<br /> (L) "Electronic Funds Transfer"means any transfer of funds, other than a transacrion originated hy check,draft,
<br /> or similar paper instrument, which is initiated thmugh an electronic terminal, telephonic instrument, computer, or
<br /> magnetic tape so as to order,instruct, or authorize a financial institution ta 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 /> (lv� "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 in
<br /> lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or candition of the Property.
<br /> (0) "Mortgage Insurance"means insurance protecting Lender against the nonpayment of, or default on,the 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 /> (� "RESPA" means the Real Estate Setflement Procedures Act (12 U.S.C. §2601 et seq.} and its implemenring
<br /> regulation, 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 restrictions 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--Singie Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT-MERS �
<br /> Form 3028 1/01 Page 2 of 15 ww�agic.wm
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