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<br /> Ins�rume�t. �ERS is o�ganized and existin�under�he la�vs of Delaware,and has an add.ress and�elephone number
<br /> af P.U. �ox��26, F1int, M� �8501-��2�, tel. �SBS�67�-MER�.
<br /> (�'} "Note"means�he promissory nate signed by�3arrawer and dated AUGUS T �7, ��16 .
<br /> The Note state��.ha�Borro�ver owes Lender F I FTY-THRE E THDUSAND E I�HTY-N INE AND
<br /> OU/l�� Dallars�U.S. $ 53, D89.Q� }
<br /> plus interest, Bor�awer has pramised t�pay this de�t in regular Feriadic Paym�nts and�o pay the d�bt in full n�t later
<br /> than SEP'I'EMF3ER �., Z(�31 .
<br /> ��} "Praperty"means the praperty tha�is described beiaw under the heading"Transfer of Rights in the Pxope�ty."
<br /> � 'Z.oan"means the debt e�idenced by the Nate, plus�nterest, �ate charges due under the Note, and all sums due
<br /> under tlus Security Instrument, plus tnterest.
<br /> � "Rider�"means a11 Riders ta this��curity Ins�rument tha�are ex�cuted by Borraw�r. The folla�nring Riders are
<br /> to be executed by Borrawer [check�ox as appl�cahle�:
<br /> [] Adjustab�e Rate Rider � P�anned Unit De�eloprne�a.t Rider
<br /> � Cvndamizauium Rider � �ther�s}�specifyj
<br /> Non--��rner �c�u�ancy Ri�d�r
<br /> �J} "Applpcable Law'°means al�cantro�li��applica��e f�de�a�,sta.te a�d�aca1 sta�u�es,regulations, ardix�ances and
<br /> admin.istrative rules and ord�rs�that h�ve the eff�ct�f��w} as we�l���.11 appli�able�°i�a.al, nan-appealable jud�cial
<br /> opinions.
<br /> � "Commun�ty ASsocia�ion Dues,Fecs, and Asse�sm�nts"means alI dues, fees, assessments an�i�ther Gharg�s
<br /> tha� are impased on Borrower or the Praperty by a c�ndarnin�um assaciation, honaeowners associatian or similar
<br /> organiza�ian.
<br /> �L.) "Electronic Funds Transfer"means any tran�fer of funds, ather than a transaction orig�.nated by check, draft,
<br /> ar similar pap�r in�strument, which is initiated thrnugh an�lectraxaiG terminal, telephanic znstruxnen�, �omputer, or
<br /> ma�nnetic tap�so as to order, instruc�, or authori�e a financial in�ti�ution to debit ar credit an aGcount. Such term.
<br /> includes, but is nat limited to, point-af-sa1� transfers, autamated�el�er machine transactions, �rar�fers in�tiated by
<br /> telephone, tiv�re transfers, and autvmated clearingh�use transfers.
<br /> (M) "Escrow Items"means thase iterns tha�are descr�bed in SectiQn 3.
<br /> �N} '�.Viiscel�aaea�ts Proceeds"mea�s any c�m�aen�at�on, settlemen�, �ward Qf d.arnages, vr praceeds pa�d by any
<br /> third party �oth�r than insura�ce pr�ceeds�aid under xh� coverages d�scri��d�n�ecti�n S� �or: ���daxa�age to, ar
<br /> dest�uction of, the Pr�perty; (ii�candemnatian or ath�r�a,king of a11�r an�part af�he�'rc�perty; �iii}canve��nce�n
<br /> lieu of candemnation; or�iv}m.�srepr�se�tativns o�', vr ox�.i�si�ns as�a, the u�lue andlar�ondit�an of�he property.
<br /> ��1� '2Vlortgage Insurance"means ins,suranc�pratec�ing L�nder agains��he no�paymer��of, �x defa�al�on, the Lo�.
<br /> [P� "Feriodi�Paym�nt"means th.�regular�y scheduled amvunt du��or�i}pr�ncipal and interest uxa�i�r the Note,
<br /> plus�ii�any amoun.ts under Sectian 3 of�his Security Instrument.
<br /> [Q} "RESPA"mean�th.e R.eal E�tate S�ttlexne�a�Pro��dtares Act (12�.S.�, ���Q 1 �t seq.�arid i�s implem�n�in�
<br /> r�gula�ian, Re�a�ian���2�.F.�. Part 1���}, as th�y xnigh�be amended frorn tixne�o time, �r a�n�additiflna�or
<br /> successor le�is�atian ar regulation that gv�erns the same s�bject ma�ter.As used in�his Security�nstrument,"RESPA"
<br /> refers to all requirements and restrictzon���.at are imposed in regard ta a"federaily r�lated rnortgage laan"even if the
<br /> Loan daes n�t qualify as a"federal�y related mort�age loan" under RESPA.
<br /> [R� "Secretary"means �.ie Secretar��f the United S�a�e�I�epar�nent of Housing and Urban Devel�pment or his
<br /> des��n�e.
<br /> �S� "Successvr in Inter�st vf�Barrower"m�ans any party tha�has taken titl�ta�he Property, wh�ther❑r no��hat
<br /> �arty has assum�d�3orrawer's ob�igatians under�hhe Nate andJor thi.s Security Instrum�nt.
<br /> NEBRASKA FHA❑EED�F TRUST-MERS Dac�1l�'agr�c�
<br /> N ED�TZ�.FHA �91141�5 Pag e� of �3 www,dcrcmagic.com
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