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<br /> � � �Dj "Trustee"is F1R5T AN[ERlCAN T[TLE 1NSURANCE CONIPAIVY.
<br /> (E} "MERS"is lVlortgage Electronic Registration Systems,Inc.fVIERS is a separate corporation that Es
<br /> acting solely as a nvminee for Lender and Lender's successvrs and ass�gns.NlERS�s the beneftctary
<br /> under this 5ecur�ty Instrument.IUIERS is arganized and extst2ng under the laws of Delaware,and has
<br /> an address and telephone number of P.�.Bax 2028,F�int,MI 4850'I-2026,tel.�888}579�MERS.
<br /> (F) "Note"means th�promissory note s�gned by Borrower and dated January 3,��'i7.
<br /> The Note states that BoITower owes Lender SEVEAITY 51X TH�IJSANO FIVE HUNDRED A1VD
<br /> n�o��oo��������*�������*������*������������*������������*�������*�����
<br /> ,r�r�������r��r�r���,��r�,��exr�rvr�►�r��r������*�r�r�errr��a�r�rw,r*�,��r,r���r�r*�r��**,���rrDvllars
<br /> �U.S. �?6,500.OU }plus interes#.Bvrrower has promised to pay this deb#in regular Periadic
<br /> Payments and to pay the debt in full not Ia#er than February 9,203?.
<br /> (Gj"Property"means the praperky that is described be�ow under the head�ng"Transfer vf Righfs in
<br /> the Praperty."
<br /> {H} "Loan"means the debt ev�denced by the No#eT plus interes#,any prepayment charges and late
<br /> charges due under the Note,and all sums due under th�s 5ecurity Instrument,plus interest.
<br /> �[� "Riders"means al!Riders to this Security[nstrument that are executed�y Borrvwer.The follvwing
<br /> Riders are to be execu#ed by Borrvwer[�heck box as applicahle]:
<br /> ❑Adjustable Rate Rider ❑ Condominium Rider ❑ SevondHvmeRider
<br /> ❑ Balioon REde� ❑ Planned�n�t Deve�opment Rider ❑ 4ther�s}[spe�ify�
<br /> ❑ '�-4 Family Ride� ❑ Biweekfy Payment Rider
<br /> ❑V.A.Rider
<br /> �J� "Applicab�e Lawr" means a1i controlling app�icable federal, state and Iocal statutes, regulatians,
<br /> ordinances and adminis#rative rules and orders�that have#he effect of Eaw}as we11 as all applicabfe
<br /> finai,non-appealable judicial vpinions.
<br /> {K) "CammunityAssociativn Dues,Fees,and Assessments"means al1 dues,fees,assessments and
<br /> other charges that are imposed on Barrvwer orthe Property by a candvmin�um assoc�ation,homeowners
<br /> assac�at�vn❑r similar organiza#ion.
<br /> �L} "Electrvnic Funds Transfer"means any transfer of funds,o#her than a transaction orig�nated by
<br /> check, draft, ❑r simifar paper ins#rument,which is ini#iated thraugh an elec#ronic terminal,te�ephonic
<br /> instrumeni,computer,or magnetic tape sa as ta order,instruct,or authorize a financiai institution to debit
<br /> vr credit an account.5uch term includes,but is na#limited to,point-af-sale transfers,automa#ed teller
<br /> machine transactians, trans�ers initiated by telephone,wire transfers, and autamated clearinghouse
<br /> #ransfers.
<br /> �M)"Escrow ltems"means those items that are described in Section 3.
<br /> �N) "iVliscellanevus Rroceeds"means any compensation,settlement,award vfdamages,or prviceeds
<br /> paid by any third party to#her than insurance proceeds paid under the cvverages des��ibed in Section
<br /> 5}for:�i}damage to,or des#ruction of,the Praperty;�ii}candemnation or ather taking of a�l or any part
<br /> af the Praperty;�iii)conveyance in�ieu a�candemna�ion;vr(i�}m�srepresenta#ivns of,vr omissions as
<br /> tv,the Waiue andlar condition of the Prvperty.
<br /> �0) "Mortgage Insurance"means insurance pro�ect�ng Lender against the nonpayment of,or defauit
<br /> on,the Loan.
<br /> (P} "Periodic Payment"means#he regularIy scheduled amount due far�i}principal and interes#under
<br /> the Note,plus(ii}any amounts under Section 3 of this Security Instrument.
<br /> �Q�"RESPArr means the ReaI Estate Settlement Procedures Act t12 U.S.C. §2fi01 et seq.} and its
<br /> implementing regulat�on,Regulation X{1�C.F.R.Part'I�24},as they might be amended fiam time to
<br /> time,ar any addi#ional or successor�egislation vr reguIation that go�erns the same subject matter.As
<br /> used in this Securi#y lnstrument,"RESPA"refers#o afi requirements and restr�ctions that are imposed
<br /> in regard to a"federa[�y related mortgage fvan"e�en if the Loan does nvt qualify as a"federally related
<br /> mortgage�oan"under RESPA.
<br /> �R� "Successvr in lnterest of Bvrrvwer"means any party that has taken#i#le tv the Prvperty,whe#her
<br /> or not that party has assumed Borrower`s ob�igativns under the Nv#e andlar this Security Instrument.
<br /> TRAiVSFER�F RIGHTS�N THE PR�PERTY
<br /> The heneficiary of this Securiiy Ins#rument is MERS tsoleiy as nominee for Lender and Lender's
<br /> successors and assigns�and the successvrs and assigns of MERS.This Security Instrument secures
<br /> to Lender:{i}the repaymen#of the Loan,and all renewals,extensions and m�dificatians of the Nvte;
<br /> and(ii}the pertormance of Borrower's�vvenants and agreements under thfs Security Instrument and
<br /> the iVnte.For this purpose,Borrower irrevocabIy grants and con�eys to Trustee,�n trust,w' of
<br /> initia[s:
<br /> NEBRASKA--Single Fami[y F�nn[e MaelFredd�e{Vlac UNIFORM INSTRUI'�l1ENT Form 3D28 710'!
<br /> Ellie Mae,fnc. Page�of 11 NEEDEEa tCLS]
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