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❑ Adjustable Rate Rider
<br />❑ Balloon Rider
<br />❑ VA Rider
<br />202100775
<br />❑ Condominium Rider ❑ Second Home Rider
<br />❑ Planned Unit Development Rider ❑ 1-4 Family Rider
<br />❑ Biweekly Payment Rider ❑ Other(s) [specify]
<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
<br />final, non -appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments
<br />and other charges that are imposed on Borrower or the Property by a condominium association,
<br />homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal,
<br />telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />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
<br />proceeds paid by any third party (other than insurance proceeds paid under the coverages described
<br />in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of
<br />all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest
<br />under the 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. Section 2601 et
<br />seq.) and its implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be
<br />amended from time to time, or any additional or successor legislation or regulation that governs
<br />the same subject matter. As used in this Security Instrument, RESPA refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does
<br />not qualify as a "federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property,
<br />whether or not that party has assumed Borrower's obligations under the Note and/or this Security
<br />Instrument.
<br />Transfer of Rights in the Property. The beneficiary of this Security Instrument is MERS (solely
<br />as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS.
<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 County
<br />[Type of Recording Jurisdiction] of Hall [Name of Recording Jurisdiction]: LOT 1, J R RATHMAN
<br />SUBDIVISION, HALL COUNTY, NEBRASKA
<br />Parcel ID Number: 400198312 which currently has the address of 812 N 110th Rd [Street] Wood
<br />River [City], Nebraska 68883 [Zip Code] ("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security
<br />Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to
<br />the interest granted by Borrower in this Security Instrument, but, if necessary to comply with law or
<br />custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise
<br />any or all of those interests, including, but not limited to, the right to foreclose and sell the Property;
<br />and to take any action required of Lender including, but not limited to, releasing and canceling this
<br />Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br />has the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against
<br />all claims and demands, subject to any encumbrances of record.
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS
<br />Wolters Kluwer Financial Services, Inc.
<br />20.3.0.3317-J20201110N
<br />Form 3028 1/01
<br />09/2019
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