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202208315 <br />(N) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment charges, <br />costs, expenses, and late charges due under the Note, and all sums due under this Security Instrument, <br />plus interest. <br />(0) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic <br />Payments and any other payments made by Borrower, and administers the Loan on behalf of Lender. <br />Loan Servicer does not include a sub -servicer, which is an entity that may service the Loan on behalf of <br />the Loan Servicer. <br />(P) "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 in <br />Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any <br />part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions <br />as to, the value and/or condition of the Property. <br />(Q) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or <br />Default on, the Loan. <br />(R) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment <br />permitted under the Note, which is less than a full outstanding Periodic Payment. <br />(S) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest <br />under the Note, plus (ii) any amounts under Section 3. <br />(T) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN <br />THE PROPERTY." <br />(U) "Rents" means all amounts received by or due Borrower in connection with the lease, use, <br />and/or occupancy of the Property by a party other than Borrower. <br />(V) "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 may be amended from time to time, <br />or any additional or successor federal legislation or regulation that governs the same subject matter. <br />When used in this Security Instrument, "RESPA" refers to all requirements and restrictions that would <br />apply to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related <br />mortgage loan" under RESPA. <br />(W) "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 />(X) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which <br />the Property is located, as it may be amended from time to time, or any applicable additional or successor <br />legislation that governs the same subject matter. <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 under <br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to <br />Trustee, IN TRUST, WITH POWER OF SALE, the following described property located in the COUNTY of <br />Hall: <br />Lot Eight (8), Block Eight (8), Scat -Ws Addition to West Lawn, in the City of Grand Island, Hall <br />County, Nebraska. <br />(All or part of the purchase price of the Property is paid for with the money loaned.) <br />111 111 11111 III II <br />* 1 3 0 5 8 3* <br />NEBRASKA --Single Fam'ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Mortgage Cadence Document Center © 3027 09/21 <br />11Ii <br />1 <br />1 <br />111111 11 <br />i <br />R T D 0 T * <br />Form 3028 07/202 <br />Page 3 of 18 <br />