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6110010640
<br />in Section 16.
<br />(A) "Security Instrument" means this document, which is dated MARCH
<br />Riders to this document.
<br />(B) "Borrower" is FESULUAI FESULUAI JR. AND PHYLLIS A.
<br />WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP,
<br />COMMON. Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is NEW DAY FINANCIAL, LLC. Lender is a LIMITED LIABILITY COMPANY
<br />organized and existing under the laws of DELAWARE. Lender's address is 8160 MAPLE LAWN BLVD,
<br />FULTON, MD 20759.
<br />(D) "Trustee" is OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under
<br />this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address
<br />and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated MARCH 11, 2022. The Note states
<br />that Borrower owes Lender TWO HUNDRED NINE THOUSAND SEVEN HUNDRED FORTY-FIVE AND
<br />00/100 Dollars (U.S. $209, 745 . 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 APRIL 1, 2052.
<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, plus interest, any prepayment charges and late 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. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />20220179r
<br />1744536
<br />11, 2022, together with all
<br />FESULUAI, HUSBAND AND
<br />AND NOT AS TENANTS IN
<br />❑ Adjustable Rate Rider
<br />❑ Balloon Rider
<br />❑ 1-4 Family Rider
<br />® VA Rider
<br />El Condominium Rider ❑ Second Home Rider
<br />® Planned Unit Development Rider ❑ Biweekly Payment 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 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 unposed on Borrower or the Property by a condominium association, homeowners
<br />association 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)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property;
<br />(iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />NEBRASKA --Single Family-- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Axl 338.48 Page 2 of 14
<br />Form 3028 1/01
<br />Modified for VA
<br />
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