|
2� 1 ��� 189
<br /> (E} "MER.S"is Mortgage E�ectroxuc Re�stration Systems, Ync. MERS is a separate corporat�on that xs ac�in�
<br /> solely as a nomin�e for Lender and Lender's successors and assigns. MERS is th�benef��iary u�ader tha�s Secu�-�ty
<br /> Instrument. MERS is ar�anized and existing under�he laws of De�aware, and has an address and telephone number
<br /> of P.�. Box 2�26, Fl�n�, MI 485�I-202�, tel. (888�679-MERS.
<br /> (F} "Note"means the promzssory note sx�ned by Borrower and dated S E P TEl�BER 12 , 2�15 .
<br /> The Note states that BorroWer owes Lender �NE HLTNDRED E I�HTE EN TH�US.AND �EVEN
<br /> HUND RE D N I NE TY-�NE AND D 0�1 D� Do��ars �LT.S. $ 118, 7 91. �� }plus in��res�.
<br /> Barrotiver has promised to pay thx.s deb� �n re�ular Perrodic Payments and to pay the deb� xn ful� n�t �ater t�.an
<br /> aCTQBER l, 2046 .
<br /> �G} "�rapQx-�y"means th�pro��rty that is described belour und�r the heading"Transfer of Rights in the Property."
<br /> (H} "Loaa�"means th�debt e�iden�ed by�he Nate, pXu�znterest, any pr�payment char�es and latz charges du�under
<br /> the Note, and a.11 sums due under�his Security Instrument, pZus xnterest.
<br /> �I} '�a.ders"means a.II R�ders t�this Securi�y Instrument that are executed by Borrov�er. The fa�lotiving Riders axe
<br /> to be ex�cuted by Borrower [check bo�as applicable�:
<br /> [� Adjusta.ble Ra.te Rider � P�ann�d Unit Developmen�Rider
<br /> � Balloon Ri.der [j B�week�y Paymen�Rider
<br /> [] �.-4 Fam.zXy Rider � Second Home Rider
<br /> [] Condominium Rid�r � �ther�s� [specify�
<br /> �� rrApp�cable Law"means aX�control��ng applicable federal, s�ate and�ocal sta.�tutes,regulat��ns, ordinances and
<br /> adm�inistrat��e rules and orders�that have the efFect af 1aw} as we�� as al� app���able fina�, non-appea.lab�e judicial
<br /> �pirllon5.
<br /> � "Commwn�.ty Association I]ues, Fees, and Assessme�.ts"means a��dues, fees, assessments and other charaes
<br /> that are�mposed on Borrower or�he Prop�r�y by a condorr�nium assoc�at�on, home��vners association or simi�ar
<br /> orgarllza�ion.
<br /> (L� '�Iectronic Funds T�-a.�sfer"means a.n.y transfer�f funds, a�her than a transact�nn originated by cheek, draft,
<br /> flr similar paper instru.men�, which is irutiated throu�h an electronic t�rminaI., telephonic ins�rumen�, computer, or
<br /> magne�ic�a.pe so as to Qrder, instruct, or authorize a f�nancial�ins�.�ut�on t� deb�t or cred.�t an a�count. Such t�rm
<br /> includes, but is nat�im.�ted to, poin�-of-sa�e transfers, automa�ed teiler mach�ne transactions, transfers ini�iated by
<br /> telephon�, �w�ir�transfers, and automated clear�nghQuse�-ansfers.
<br /> (M) T'Escrow Items"means those i�ems that are described in Sect�on 3.
<br /> (N} "Miscellaa�.eous Proceet�s"means any compensat�on, set�emen�, award of damaaes, or proceed.s pa.�d by any
<br /> third party�a�her than xnsurance praceeds pa�d under�he coverag�s described in Section S} f�r: ��� damage to, or
<br /> destruc�zon of, the Properiy; �xi}condemna�ion ar o�her�aking of al�or any part of the Property; �iir� conveyance in
<br /> lieu of condemna�.an; or�iv}misrepr�senta.�ons of, or omiss�ons as to, th�value andlor condi�.on af the Proper�.
<br /> ��� '2Vlo�sage Insuran�e"means insurance pro�ecting Lend�r aga.ins��he rn�npayment of, or default on, th.e Loan.
<br /> �'� "Per�oclic P�yment"means the regularly schedu��d amount due�or�i}princrpal and in��res�under the Note,
<br /> plus�ii}any arnaunts under Sec�xon 3 of this Secur�ty Instrumen�.
<br /> ��} "R]ESJPA"means�h�Rea�Esta.te Sett�ement Pracedures Act ��.2 U.S.C. �26�I et seq.� and i�s implemen�.ng
<br /> regu�atzQn, Regula�ian�(I.� �.F.R Par�t �424}, as they might be amended fram tzme to time, ar any add�.tzonal or
<br /> successor Iegisiat�on nr regu�a�ion that governs the same subj ect matter. As used �n �his Securi�ty Instrumen�,
<br /> "RESPA" refers�o aI�requirements and restrzct�ons that are xmposed in regard to a"�ederally relat�d mar�gage loan"
<br /> even if the Loan does no�qualzfy as a"fed�rally r��a�ed mortgage Ioan" under RESPA.
<br /> NEBRASKA-Singfe Famify--Fannie Ma�IFreddie Mac UN�F�RM INSTRUMENT- N[ERS �����i� �
<br /> Fo�m 3�28 �l�`I Page 2 of �5 vvvYw.doc�raglc.�o�r-r
<br />
|