|
202206767
<br />(1E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely
<br />s a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security
<br />nstrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of
<br />.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />F) "Note" means the promissory note signed by Borrower and dated September 16, 2022. The Note states that
<br />orrower owes Lender THREE HUNDRED SIXTEEN THOUSAND ONE HUNDRED SIXTY-SEVEN AND
<br />0/100 Dollars (U.S. $316,167.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments
<br />nd to pay the debt in full not later than October 1, 2052.
<br />G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />11) "Loan" means the debt evidenced by the Note, plus interest, late charges due under the Note, and all sums due under
<br />is Security Instrument, plus interest.
<br />I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />xecuted by Borrower (check box as applicable):
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ® Planned Unit Development Rider
<br />❑ Other(s) (specify):
<br />J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />dministrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable judicial
<br />pinions.
<br />K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that
<br />re imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />rganization.
<br />L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />imilar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />pe so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not
<br />mited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers,
<br />nd automated clearinghouse transfers.
<br />M) "Escrow Items" means those items that are described in Section 3.
<br />) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />arty (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of,
<br />e Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />ondemnation; or (iv) misrepresentations 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 default on, the Loan.
<br />) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />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 implementing
<br />gulation, Regulation X (12 C.F.R. Part 1024), as they might be amended from time to time, or any additional or
<br />uccessor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA"
<br />fers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the
<br />oan does not qualify as a "federally related mortgage loan" under RESPA.
<br />R) "Secretary" means the Secretary of the United States Department of Housing and Urban Development or his
<br />esignee.
<br />S) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />as assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />HA Nebraska Deed of Trust with MERS 1/2015
<br />Page 2 of 12
<br />S, Inc. - 59482
<br />Borrower(s) Initialsc J
<br />
|