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202303550
<br />(D) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate
<br />corporation that is acting solely as a nominee for Lender and Lender's successors and assigns.
<br />MERS is the beneficiary under this Security Instrument. MERS is organized and existing
<br />under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint,
<br />MI 48501-2026, tel. (888) 679-MERS.
<br />Documents
<br />(E) "Note" means the promissory note dated July 13, 2023, and signed by each Borrower
<br />who is legally obligated for the debt under that promissory note, that is in either (i) paper
<br />form, using Borrower's written pen and ink signature, or (ii) electronic form, using Borrower's
<br />adopted Electronic Signature in accordance with the UETA or E -SIGN, as applicable. The Note
<br />evidences the legal obligation of each Borrower who signed the Note to pay Lender Three
<br />Hundred Forty-four Thousand Nine Hundred Dollars (U.S. $344,900.00) plus interest. Each
<br />Borrower who signed the Note has promised to pay this debt in regular monthly payments and
<br />to pay the debt in full not later than August 1, 2053.
<br />(F) "Riders" means alt Riders to this Security Instrument that are signed by Borrower. All
<br />such Riders are incorporated into and deemed to be a part of this Security Instrument. The
<br />following Riders are to be signed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider G Other(s) [specify]
<br />❑ 1-4 Family Rider ❑ Planned Unit Development VA Rider
<br />❑ Second Home Rider Rider
<br />(G) "Security Instrument" means this document, which is dated July 13, 2023, together
<br />with all Riders to this document.
<br />Additional Definitions
<br />(H) "Applicable Law" means all controlling applicable federal, state, and local statutes,
<br />regulations, ordinances, and administrative rules and orders (that have the effect of law) as
<br />well as all applicable final, non -appealable judicial opinions.
<br />(1) "Community Association Dues, Fees, and Assessments" means all dues, fees,
<br />assessments, and other charges that are imposed on Borrower or the Property by a
<br />condominium association, homeowners association, or similar organization.
<br />(J) "Default" means: (i) the failure to pay any Periodic Payment or any other amount
<br />secured by this Security Instrument on the date it is due; (ii) a breach of any representation,
<br />warranty, covenant, obligation, or agreement in this Security Instrument; (iii) any materially
<br />false, misleading, or inaccurate information or statement to Lender provided by Borrower
<br />or any persons or entities acting at Borrower's direction or with Borrower's knowledge or
<br />consent, or failure to provide Lender with material information in connection with the Loan, as
<br />described in Section 8; or (iv) any action or proceeding described in Section 12(e).
<br />(K) "Electronic Fund Transfer" means any transfer of funds, other than a transaction
<br />originated by check, draft, or similar paper instrument, which is initiated through an electronic
<br />terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or
<br />authorize a financial institution to debit or credit an account. Such term includes, but is not
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />FORM 3028 07/2021
<br />Page 2 of 22
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