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202100082
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1/5/2021 3:47:54 PM
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1/5/2021 3:47:52 PM
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DEEDS
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202100082
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(F) "Note" means the promissory note signed by Borrower and dated <br />The Note states that Borrower owes Lender <br />One Hundred Eighteen Thousand Seven Hundred Fifty DOLLARS and Zero CENTS <br />Dollars (U.S. $ 118,750.00 ) plus interest. Borrower has promised to pay this <br />Periodic Payments and to pay the debt in full not later than February 1, 2051 <br />(G) "Property" means the property that is described below under the heading "Transfer <br />Property." <br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. <br />Riders are to be executed by Borrower [check box as applicable]: <br />202100082 <br />January 4, 2021 <br />Adjustable Rate Rider <br />Balloon Rider <br />Biweekly Payment Rider <br />Other(s) [specify] <br />11 Condominium Rider <br />Planned Unit Development Rider <br />V.A. Rider <br />debt in regular <br />• <br />of Rights in the <br />and late charges <br />The following <br />Second Home Rider <br />1-4 Family Rider <br />(J) "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 final, <br />non -appealable 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 organization. <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 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 />(M) "Escrow Items" means those items that are described in Section 3. <br />(N) "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; (ii) 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 Lender 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 (ii) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §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, <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 <br />"federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" <br />under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM <br />INSTRUMENT j1 <br />FORM 3028 1/01 Initials: <br />A. <br />Laser Forms Inc. #FNMA3028-MERS 5/05 <br />Page 2 of 13 <br />101gt' <br />
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