|
2� 1 �� 1945
<br /> �E} "MERS" �s Mortgage E�ectranic Reg�stratian Systems, Inc. MERS is a separate corporatian that is ac��ng
<br /> sole�y as a nominee for Lender and Lender's successors and assigns. MERS�s the�enefciary und�r th�s Security
<br /> Instrurnent. MERS�s argan�zed and ex�sting under the�aws of Delaware,and has ax�address and�e�ephone numb�r
<br /> of P.D. Box 2��6, F�int, M� 48��7.-20��, te�. �888} 679-MERS.
<br /> �F} "Note" means the promissary note s�gned by Borrower and da�ed MARCH ��, �0 l� .
<br /> The Note Sta��s that Barrower flwes L�nder C�NE HUND RE D TH I RT E EN TH�USANI3 F I VE
<br /> HLTNDRE D AND �0/�.0 D D o�lars �U.S. $ �13, 5�0 . �f� } plus interes�.
<br /> Borro�ver has pram�sed to pay �his d�bt in regu�ar Periv�ic Paym�n�s and �o pay the deb� �n fu�l nat �a��r than
<br /> APRIL �., 2�45 .
<br /> ��} "Pr�perty"rneans the property that�s described be��w under�he heading"Transfer of Righ��Yn the Property."
<br /> �H} "Loan"means t.he de�t evidenced by th�Na�e,p�us�n�erest,an�prepayment char�es and Xate charges due under
<br /> the No�e, and a��sums due under this Security Instrumen�, p�us int�rest.
<br /> (I} "R�ders"means aII Riders ta this Sec�.rity Instrumen�that are executed�y Borrovver. The fol�flwing R.xders are
<br /> t� be executed by Borrovver jch�ck box as applicable�:
<br /> [] Adjus�a��e Rate Rider � F�anned IJn�t Deve�apment R�der
<br /> �] Ba�loon Rzder � Biv�eek�y Paymen�R�der
<br /> [] 1-4 Family Rider [] Second Home Rider
<br /> � Condom�nium Rzder [] C]ther�s} [speczfy]
<br /> �} "Applxca��e Law"means a11 con�ra��ing app�icab�e federal.,state and local statu�es,regu�at�ons, ord�nances and
<br /> adm�n�strati�e rules and orders �that have the effect of Iaw} as we�� as a�� app��cab�e final, non-appea.�able judz�ial
<br /> opin��ns.
<br /> �K} "Commun�t�y Asso�iati�n Dues, Fees,and Ass�ssmerits"means alI dues,fees, assessments and other charges
<br /> tha� ar��mpased on Borrower or�he Property by a cnndo�ninium asso�iation, homeowners assoc�ation or sim�lar
<br /> �rganization.
<br /> �L} "Ele�tron�c Funds Transfer" means any�ransfer af funds, other�han a transact�on orxg�nated b�check,draft,
<br /> or szrn��ar paper�nstrument, v�hich is initiated through an electronic term�nal, tel�phonic instrument, camput�r, or
<br /> magne��c �ape so as�o ❑rder, instruc�, or author�ze a f�nanc�a� institut�on �o deb�t or cred�t an accaun�. Such term
<br /> inc�udes, but is not I�mited to, point-of-sa.�e �ransfers, automated tel�er machine transactians, transfers�n�txated hy
<br /> te�ephone, wire transfer�, and automa�ed clear�nghouse transfers.
<br /> � "Escrow Items" means�hase items that are descr�bed�n Sec�ion 3.
<br /> �N} "Misce�lane�us Praceeds" means any campensation, sett��ment, award of dama�es, ar praceeds paid by any
<br /> th�rd party �o�her�han insuranee proceeds paid under the ca�erages described in Sec�ian 5} for: ��} damage�o> or
<br /> des�ruc�ion af, the Prvperty; ���� condemnat�an�r other�aking of a1I or any par�of�h�Prap�rty; ��i�� con�eyance�n
<br /> �i�u of�on�.emna��on; ar �i�} m�sr�presen�ations of, ar amissions as tv, the�alue andlor Conditian of the Pr�per�y.
<br /> �Q� "Mortgage Insurance"means insurance protecting Lend�r against the nvnpaymen�of, or defau�t on>�he Loan.
<br /> �P} "Peri�dic Fay�ment" m�ans the regu�ar�y scheduled amount du�for �i} pr�ncipal and in�erest under�e Nate,
<br /> p�us �ii� any amounts under Section 3 of�his S�curity Instrument.
<br /> �Q} "RESPA" means�he R�al Esta�� Set�lemen�Procedures Act �I� U.S.�. §25�1 et seq.} and i�s implemen�ing
<br /> regulat�on, R.egulatian� ��2 C.F.R. Fart �Q�4}, as they might be amended from ��me�a��me, or any a���t�onal or
<br /> suc�essor l�gis�a�i�n or regulat�on that go�erns the same subje�� matter. As used in �h�s Se�ur��y Ins�rument,
<br /> "RESPA" refers tfl aX�requirements and restric�ions tha�are impased�n r�gard tv a"f�deral�y related mortgage�oan"
<br /> e�en if the Loan does not qualify as a "federal�y related mortgage�aan" under RESPA.
<br /> NEgRASKA--Sing�� Fam�ly--Fannie MaelFreddie Mac UNIF�RM �NSTRUIVIENT - MERS L7c�cA�l�glc
<br /> Fvrm 3��8 �1�� Page � Df �5 www.dvcmag�c.com
<br />
|