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20221060'7 <br />(G) "Property" means the property that is described below under the heading "Transfer of Rights <br />in the Property." <br />(11) "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 />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The <br />following Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider Q Condominium Rider Q Planned Unit Development Rider <br />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. 2601 et seq.) and its <br />implementing regulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time <br />to time, or any additional or successor legislation or regulation that governs the same subject <br />matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions <br />that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify <br />as a "federally related mortgage loan" under RESPA. <br />(R) "Secretary" means the Secretary of the United States Department of Housing and <br />Urban Development or his designee. <br />(S) "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 />NEBRASKA - Single Family - FHA Se yitty ipstrument - MERS <br />FORM 3028 9/14 Initials: L� <br />Laser Forms Inc. #FHA3028MERS 6/15 <br />/1/ Page 2 of 14 <br />hill <br />