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(E) "Note" means the promissory note signed by Borrower and dated February 22, 2021. <br />The Note states that Borrower owes Lender TWO HUNDRED THIRTY SIX THOUSAND AND <br />NO/100 <br />20210146g <br />Dollars <br />(U.S. $236,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than March 1, 2051. <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 D 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 transfer offunds, 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 govems 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 />Lots Five (5) and Six (6), Block One Hundred Six (106), Railroad Addition to the City of Grand <br />Island, Hall County, Nebraska and Fractional Lot Five (5), Block One Hundred Six (106), Koenig <br />and Wiebe's Addition to the City of Grand Island, Hall County, Nebraska. <br />APN #: 400081083 <br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />Ellie Mae, Inc. Page 2 of 10 <br />NEUDEED 0415 <br />NEUDEED (CLS) <br />