201605441
<br /> (E) "MERS"is Mortgage Electronic Registration Systems, Inc. MERS is a sepazate corporation that is acting
<br /> solely as a nominee for Lender and Lender's successors and assig�s. MERS is the beneficiary under this Security
<br /> Instrument. MERS is organized and exisfing under the laws of Delaware,and has an address and telephone number
<br /> of P.O. Box 2026, Flirt, MI 48501-2026, teL (888)679-MERS.
<br /> (F) "Note"means the promissory note signed by Borrower and dated AUGUST 15, 2 016 .
<br /> TheNotestatesthatBorrowerowesLender EIGHTY THOUSAND ONE HUNDRED AND 00/100
<br /> Dollazs(U.S. $ 8 0, 10 0. 0 0 )plus interest.
<br /> Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than
<br /> SEPTEMBER 1, 2031 .
<br /> (G) 'Property"means the property that is described below under the heading"Transfer of Rights in the Property."
<br /> (In "Loan"means the debt evidenced by the Note,plus interest,any prepayment chazges and late chazges 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 aze executed by Borrower. The following Riders are
<br /> to be executed by Borrower [check box as applica6le]:
<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 "Appticable Law"means all controlling applicable federal, state and local stafutes,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 /> (I� "Community Associatian Dues, Fees,and Assessments"means all dues,fees, assessmenu and other charges
<br /> that aze imposed on Borrower or the Properry by a condominium association, homeowners association or similar
<br /> organization.
<br /> (L) "Electronic Funds Transfer"means any transfer of funds, other than a transaction originated by check, draft,
<br /> or similar paper insuument, which is initiated through an electronic terminal, telephonic i�strument, computer, or
<br /> magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an accourt. Such term
<br /> includes, but is not limited to, point-of-sale hansfers, automated teller machine kansactions, ffansfers initiated by
<br /> telephone, wire hansfers, and automated cleazinghouse transfers.
<br /> (A� "Escrow Items"means those items that are described in Section 3.
<br /> (1� "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 /> deshuction 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 anNor condition oFthe Property.
<br /> (0) "MoMgage Insurance"means insurance protecting Lender against the nonpayment of, or default on,the Loan.
<br /> (P) 'Periodic Payment"means the regulazly scheduled amourt due for(i) principal and interest under the Note,
<br /> plus(ii)any amounts under Section 3 of this Security Instrument.
<br /> (Q) "RESPA"means the Real Estate Settlement Procedures Act (]2 U.S.C. §2601 et seq.)and its implementing
<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 Securiry 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—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7- MERS p��Dy��
<br /> Form 3028 1/01 Pa9e 2 of 15 www.docmagic.mm
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