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201601143
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Last modified
7/23/2017 9:55:14 AM
Creation date
2/26/2016 9:03:16 AM
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DEEDS
Inst Number
201601143
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2� 1 �� 1143 <br /> (D�"Trustee"is Mr. Thomas Locher. <br /> �E} "�ote"means the pr�missory note signed by Borr�wer and dated February�,2��6. The I�ote <br /> states that Borrower owes L�nder seventy three thousand nine hundred thirty-nine and��I l�� <br /> D�Ilars�U.S. $73,939,D0}plus interest. Borrower has promised t�pay this debt�n regu�ar Peri�dic <br /> Payments and t�pay the debt in full not later than�ctober 1,2�38. <br /> (F� "PropQrty"means the praperty that�s descr�bed below under th�h�ading"Transfer of Rights in <br /> the Property." <br /> �G}"Loan"means the debt evidenced by the Note,plus interest,and iate�harges due under the Note, <br /> and all sums due under th�s Security Instrument,plus interest. <br /> �H}".�4rders�"means all Riders to this Security Instrument that are executed hy Borrow�r. The <br /> follo�ving Riders are ta b�executed by Borr�wer�check box as app�icab�e]: <br /> ❑ Adjusta.ble R.a.te Rider ❑ Condaminiurn Rider ❑ Planned Unit Development Rider <br /> ❑ �ther <br /> ❑ Rehab�1 ita.tion Lnar�Rider <br /> �I} "�pp�r�able Law"mear�s a��controlling applicab�e federa�, state and local statutes,regulations, <br /> ordinances and administrati�e rules and orders(that ha�e the effect of law�as wel�as a11 applicable <br /> final,non-appealable judicial opinians. <br /> �J} "C'ornrrturaity�4ssociatron l.�ues, Fees, and�4ssessmertts"means a��dues,fees,assessments and � <br /> other charges that are imposed�n Borrower or th�Property l�y a condamin�um associatian, <br /> hameowners association or similax organization. <br /> (K}"Electronic Funds Transfer"means any trax�sfer of funds,other than a transactian or�ginated <br /> hy check,draf�,or similar paper instrument,which is initiated through ax�electronic terminal, <br /> t�lephonic instrument,computer, ar magnetic ta.pe so as to order, instruct,ar autharize a finax�cial <br /> instituti�n to debit or credit a.n account. Such term�ncludes,but is n�t lim�ted ta,point-of-sale <br /> t�ansfers,automated tei�er machine transactions,transfers init�ated�y te�ephone,wire transfers, <br /> a.nd autamated cleari.nghouse transf�rs. <br /> �L} "Escr�w Items"means thase items that axe described in Section 3. <br /> �M}"�rscellcmeous Pr�ceeds"means any compensation, settlement,award of damages,or praceeds <br /> pa�d by any third party�other than insurance proceeds paid under the coverages described in <br /> S�ction 5}for: �i}damage to,or destruction of,the Prop�rty;(�i}condemnation or other taking of <br /> all or an�part of the Prop�rty;(ii��con�eyance in lieu of condemnation;ar(i�}misrepresentations <br /> af,ar omissions as to,the�alue a.r�dlar condition of the Proper�y. <br /> (N}"Mortgage�nsurance"means�nsurance protecting Lender against the n�npayment of,ar defau�t <br /> an,the Laa.n. . <br /> ��}"Perioa�ic Payment"means the reguiarly scheduled amount due far�i}principal and i�nterest under <br /> the Note,plus(ii}a.riy amounts under S�ct�on 3 of this Security Instrument. <br /> (P} "RE►SP�4"means the.Reat Estate Setttement Pracedures�4c�(12 U.S.C. Sectian 26�1 et seq.�and <br /> �ts implementing regulation,Reguiat�on�(1��.F.R.Part 1�Z4�,as they might be amended from <br /> time to time,or any additiana��r success�r legislation�r regulation that gaverns the same subject <br /> matter.As used in this Security Instrument, "RESP�["ref�rs to all requirements ar�d restrictions <br /> th�t axe imp�sed in regard to a"federal�y related mortgag�loan"even if the Laan does not qualify <br /> as a"federally related mor�gage loan"under RESFA. <br /> 230039fi28� <br /> FHA Deed af Trust-NE 913�12014{r�v 2I15y <br /> Bankers 5ystemsTM'VMP� ����5 <br /> 1Mol#ers Itluwer Financ�al Sernves Z�1 fi�2�815.3.0.34�f"rN20151�19N Page 2 of�5 <br />
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