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(J) "Community Association Dues. Fees, and Assessments" means ail dues, fees, assessments and other charges that <br />are imposed on Borrower or the Property by a condominium association, homeowners association or similar <br />organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or <br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic <br />tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is <br />not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire <br />transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third <br />party (other than insurance proceeds paid under the coverages described in Section 5) for: 0) damage to, or destruction <br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of <br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) <br />any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing <br />regulation, Regulation X 112 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, "RESPA" <br />refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the <br />Loan does not qualify as a "federally related mortgage loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party <br />has assumed Borrower's obligations under the Note and /or this Security Instrument. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />This Security Instrument secures to Lender: (1) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security <br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of <br />sale, the following described property located in the County of HALL: <br />Real Property tax identification number is 400 247 860. <br />A tract of land comprising a part of the Northeast Quarter of the Northwest Quarter (NE1 /4NW1 /4) of Section <br />Twenty Eight (28), Township Twelve (12) North, Range Twelve (12) West of the 6th P.M., Hall County, <br />Nebraska, more particularly described as follows: Beginning at the Northwest corner of said Northeast <br />Quarter of the Northwest Quarter (NE1 /4NW1 /4); thence easterly along the North line of said Section 28, a <br />distance of 425.0 Feet; thence deflecting right 94° 28' and running southwesterly, a distance of 594.0 feet; <br />thence deflecting right 85° 18' 35" and running westerly a distance of 388.32 feet to the west line of said <br />Northeast Quarter of the Northwest Quarter (NE1 /4NW1 /4); thence northerly along said west line of the <br />Northeast Quarter of the Northwest Quarter (NE1 /4NW1 /4), a distance of 593.9 feet to the place of beginning <br />which currently has the address of 17675 W White Cloud Road, Cairo, Nebraska 68824 ( "Property Address "): <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be <br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to <br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower <br />warrants and will defend generally the title to the Property against all claims and demands, subject to any <br />encumbrances of record. <br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with <br />limited variations by jurisdiction to constitute a uniform security instrument covering real property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay <br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late <br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due <br />under the Note and this Security Instrument shall be made in U.S. currency. However, if any check or other instrument <br />received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may <br />require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of <br />the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check <br />or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal <br />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1 <br />Page 2 of 11 Initials: f71" 'j <br />201507543 <br />