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202400467
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1/31/2024 3:10:14 PM
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1/31/2024 3:10:12 PM
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202400467
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202400467 <br />LOAN #: 1555500253 <br />rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; <br />and (d) Mortgage Insurance premiums to be paid by Lender to the Secretary or the monthly charge by <br />the Secretary instead of the monthly Mortgage Insurance premiums. <br />(0) "Loan" means the debt obligation evidenced by the Note, plus interest, costs, expenses, and late <br />charges due under the Note, and all sums due under this Security Instrument, 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 />(Q) "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) "Secretary" means the Secretary of the United States Department of Housing and Urban Develop- <br />ment or his designee. <br />(Y) "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 />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors <br />and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender (i) the <br />repayment of the Loan, and all renewals, extensions, and modifications of the Note, and (ii) the performance <br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, <br />Borrower irrevocably grants and conveys to Trustee, IN TRUST, WITH POWER OF SALE, the following <br />described property located in the County of Hall: <br />SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS "EXHIBIT A". <br />APN #: 0400164825 <br />which currently has the address of 4313 Michigan Avenue, Grand Island [Street] [City] <br />Nebraska 68803-1015 ("Property Address"); <br />[Zip Code] <br />NEBRASKA—Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021 (rev. 7/23) <br />Modified for FHA 1/2023 (HUD Handbook 4000.1) <br />ICE Mortgage Technology, Inc. Page 3 of 14 NEEFHA23DE 0823 <br />NEEDEED (CLS) <br />01/24/2024 01:47 PM PST <br />
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