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200108779
<br />DOC IO # 000002501539202
<br />(D) "Trustee" is
<br />ERIC H LINDQUIST OF ABRAHAMS. KASLOW & CASSMAN
<br />8712 W DODGE RD, SUITE 300 OMAHA, NE 68114 402 - 392 -1250, NE
<br />(E) "MFRS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is acting
<br />solely as a nominee for Lender and Lender's successors and assigns. MFRS is the beneficiary under this
<br />Security Instrument. HERS is organized and existing under the laws of Delaware, and has an address and
<br />telephone number of P.O. Box 2026, Flint, W 48501 -2026, tel. (888) 679 -HERS.
<br />(P) "Note" means the promissory note signed by Borrower and dated AUGUST 17, 2001 The
<br />Note states that Borrower owes Lender
<br />NINETY FIVE THOUSAND EIGHT HUNDRED and 00 /100
<br />Dollars (U.S. $ 95,800.00 ) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than SEPTEMBER 01. 2031 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, phis interest, any prepayment charges and late charges due
<br />under the Note, and all sums due under this Security Instrument, plus interest.
<br />(1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders
<br />are to be executed by Borrower [check box as applicable]:
<br />H Adjustable Rate Rider ED Condominium Rider ❑ Second Home Rider
<br />Balloon Rider ❑ Planned Unit Development Rider 1.4 Fancily Rider
<br />❑ VA Rider ❑ Biweekly Payment Rider Other(s) [specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances
<br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable
<br />judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organisation.
<br />(L) "Electronic Funds Transfer" means any transfer of 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 an
<br />account. Such tern includes, but is not limited to, point-of -sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(No "Escrow Items" means those items that are described in Section 3.
<br />(1V) Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for. (i) damage
<br />to, or destruction of, the Property; (a) condemnation or other taking of all or any part of the Property; (iii)
<br />conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lander against the nonpayment of, or default on, the
<br />Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
<br />Note, plus 00 any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or
<br />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
<br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under
<br />RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not
<br />that parry has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGH'T'S IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors
<br />and assigns) and the successors and assigns of NMS. This Security Instrument secures to Lender; (i) the
<br />repayment of the Low, and all renewals, extensions and modifications of the Note; and (ii) the performance of
<br />Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located
<br />in the
<br />COUNTY of HALL
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Inlfialat. � ' � ( -4-6
<br />dft - BANE) (000s).of CHL (07/07) Patio 2 of i f Form 3020 1/01
<br />cii�� 'd HSO 'ON M91 :S 10H 'L� 'M
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