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2� 1 ��8349 (C} "Lender"is FLAGSTAR BANK, FSB Lender is a FEDERALLY CHARTERED �AVINGS BAN� organized and existing under the laws of T_]"N I TED STATE S • Lender's address is 5151 C�RP�RATE DR, TR�Y, M I CH I�AN 4 8�9 8-��3 9 �D} '"I'rustee"is M�RT�AGE C�NNE CT �E) "MERS�� 1S Mortgage Electronic R�gis�ratian Systems, Inc. MERS 15 � Se�]aI'�.te C�r�7�ra�lail that 15 �Ctlil� solely as a nomin�e for Lender and Lender's suc�es�ors and assigns. MERS is the heneficiary under this Security Instrument. MERS is organi2ed and existing under�he laws af Dela�are, and has an address and telephone number af P.�. Box 2426, Fl�nt, MI 455�1-2�26, tel. �SBS} 679-MERS. �F} "Note"means the promi�sory nat�signed by Bnrrower and dated DECEMBER 7 , 2�16 . The Note states that Borrower owes Lender �NE HIJNDRED TWENTY-T3nT� TH�USAND T�nTfl HUNDRED F I FTY-�NE .AND �0�1 Q� Do�lars �U.S. $ 1�� , �51 . �4 } plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay th� debt in fu11 not later than JANUARY 1, 2 0 4 7 . (G} "Praperty"m�ans the property that�s described below under�he heading"Transfer of Righ�s in the Property." (H} "Loan"means the debt e�idenc�d by the Note, plus intere�t, any pr�paymen�charges and Iate charges due under the Nvte, and all sums due under this Security Instrument, plus interest. (I} "Riders"rneans all Riders��this 5ecurity Instrument that are executed by B�rrower. The following Riders are to be e�ecuted by Borrawer [che�k box as applicable]: [] Adjustable Rate Rider � Planned Unit De�elopment Rider � Balloon Rider [] Biweekly Payment Rider � 1-4 Family Rider [] Se�ond Home Rider [] Condaminium R�der [] �ther�s� [spec�fy] (J} "Appli�able Law"means a11 controlling appl icable federal, state and l�cal s�atutes, regulations, ordinances and administrati�e rules and orders�that ha�Te the ef�ect of law� as wel� as all app��cable final, non-appealable judicia� o�inions. �K} "�vmmuni�y Associatian Dues, Fees, a�d As�essments"means aIl dues, fees, assessments and other charges #hat are imposed on Borrflwer or �he Property by a condaminium a�s�ciat�on, homeowner� association or similar organization. �L} "Eiectr�nic Funds Transfer"means any transfer of funds, other than a transaction originated by check, draft, or simi�ar paper ins�rument, which is in�tiated through an e�ectroni�term�nal, telephoni� instrurnent, computer, or magnetic tape so as ta arder, instruct, ar authorize a financial institu�ion t� debit ar credit an account. Such term includes, but is nat lim ited t�, point-of-sal e tra�sfers, au�omated teller machine transactians, transfers in��iated by �elephon�, wire transfers, and automated clearinghause transfers. (M} "Escrflw Items"means those items that are described in 5ection 3. �N} "Miscellaneous Proceeds"means any compensa�ion, settlement, award of damages, �r proceeds paid by any #hird party �ather than insurance proceeds paid und�r the co�era�es descr�bed in Section 5} for: �i� damage to, or destruction of, the Property; ��i} condemna�ian or other taking of aIl or any part of the Proper�ty; (iii} con�eyance in lieu of condemnation; ar �i��misrepresentations of, �r omissions as to, the�alue andlor condition af the Property. NEBRASKA-Singie Family-UNIFQRM INSTRUMENT Dncll�aglc IIA�DIFIED F�R DEPARTMENT �F VETERANS AFFAIRS - lVIERS www.da�rrragic.corrr �Rev. 1101} Page 2 of �4