|
LOAN #: 16796
<br />(E) "Note" means the promissory note signed by Borrower and dated December 21, 2017.
<br />The Note states that Borrower owes Lender ONE HUNDRED TWENTY ONE THOUSAND AND
<br />201800005
<br />Nom 00 ******************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
<br />******************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** *D
<br />(U.S. $121,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than January 1, 2025.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in
<br />the Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br />charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify]
<br />❑ 1-4 Family Rider ❑ Biweekly Payment Rider
<br />❑ V.A. Rider
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable
<br />final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and
<br />other charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transferof funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit
<br />an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds
<br />paid by any third party (other than insurance proceeds paid under the coverages described in Section
<br />5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part
<br />of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as
<br />to, the value and /or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
<br />on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under
<br />the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its
<br />implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time to time,
<br />or any additional or successor legislation or regulation that governs the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally
<br />related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether
<br />or not that party has assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions
<br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />County [Type of Recording Jurisdiction] of Hall
<br />[Name of Recording Jurisdiction]:
<br />Lot Fifteen (15) in Bishop Heights Second Subdivision to the City of Grand Island, Hall County,
<br />Nebraska.
<br />APN #: 400152053
<br />NEBRASKA — Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 30281/01
<br />Ellie Mae, Inc. Page 2 of 10
<br />Initials. t 1 Q
<br />NEUDEED 0415
<br />NEUDEED (CLS)
<br />12/20/2017 07:35 AM PST
<br />
|