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201603566
<br />(C) "Lender" is U.S. Bank National Association. Lender is a national bank organized and existing
<br />under the laws of the United States of America. Lender's address is 4801 Frederica Street,
<br />Owensboro, KY 42301.
<br />(D) "Trustee" is Mr. Thomas Locher.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation
<br />that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the
<br />beneficiary under this Security Instrument. MERS is organized and existing under the laws of
<br />Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel.
<br />(888) 679 -MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated June 9, 2016. The Note states
<br />that Borrower owes Lender ninety one thousand three hundred - fifteen and 00 /100 Dollars (U.S.
<br />$91,315.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and
<br />to pay the debt in full not later than July 1, 2046.
<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, and late charges due under the Note,
<br />and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The
<br />following Riders are to be executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Planned Unit Development Rider
<br />LX Other Form E -1
<br />❑ Rehabilitation Loan 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) "Community Association 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,
<br />homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal,
<br />telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers,
<br />and automated clearinghouse 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
<br />Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of
<br />all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as 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 />FHA Deed of Trust with MERS -NE
<br />Bankers Systems' VMP®
<br />Wolters Kluwer Financial Services
<br />2200618026
<br />2016060816.1.1.3555- N2016012
<br />9/30/2014 (rev. 2/15)
<br />12/2015
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