|
202400028
<br />LOAN #: **2265
<br />Association Dues, Fees, and Assessments if Lender requires that they be escrowed beginning at Loan
<br />closing or at any time during the Loan term.
<br />(0) "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 />(P) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Pay-
<br />ments and any other payments made by Borrower, and administers the Loan on behalf of Lender. Loan
<br />Servicer does not include a sub -servicer, which is an entity that may service the Loan on behalf of the
<br />Loan Servicer.
<br />(0) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or pro-
<br />ceeds 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 all or
<br />any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omis-
<br />sions as to, the value and/or condition of the Property.
<br />(R) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or Default
<br />on, the Loan.
<br />(S) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted
<br />under the Note, which is less than a full outstanding Periodic Payment.
<br />(T) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under
<br />the Note, plus (ii) any amounts under Section 3.
<br />(U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN
<br />THE PROPERTY."
<br />(V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or
<br />occupancy of the Property by a party other than Borrower.
<br />(W) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its imple-
<br />menting regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or
<br />any additional or successor federal legislation or regulation that governs the same subject matter. When
<br />used in this Security Instrument, "RESPA" refers to all requirements and restrictions that would apply
<br />to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage
<br />loan" under RESPA.
<br />(X) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether
<br />or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />(Y) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the
<br />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 />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's suc-
<br />cessors and assigns) and the successors and assigns of MERS. This Security Instrument secures to
<br />Lender (i) the repayment of the Loan, and all renewals, extensions, and modifications of the Note, and
<br />(ii) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, IN TRUST, WITH POWER
<br />OF SALE, the following described property located in the County
<br />of Hall:
<br />Lot Eleven (11) in Block Seven (7), Koehler Place, In the City of Grand Island, Hall County,
<br />Nebraska.
<br />APN #: 400055449
<br />which currently has the address of 323 S Oak St, Grand Island [Street] [City]
<br />Nebraska 68801 ("Property Address");
<br />[Zip Code]
<br />NEBRASKA — Single Family — Fannie Mae/Freddle Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021
<br />ICE Mortgage Technology, Inc. Page 3 of 14 NE21EDEED 0222
<br />NEEDEED (CLS)
<br />12/29/2023 11:17 AM PST
<br />
|