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202402551 <br />(C) "Trustee" is Scott Gesell. Trustee's address is 244 South Gateway Place, Jenks, OK 74037. The term <br />"Trustee" includes any substitute/successor Trustee. <br />(D) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely <br />as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security <br />Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of <br />P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. <br />Documents <br />(E) "Note" means the promissory note dated June 7, 2024, and signed by each Borrower who is legally obligated for <br />the debt under that promissory note, that is in either (i) paper form, using Borrower's written pen and ink signature, or <br />(ii) electronic form, using Borrower's adopted Electronic Signature in accordance with the UETA or E -SIGN, as <br />applicable. The Note evidences the legal obligation of each Borrower who signed the Note to pay Lender TWO <br />HUNDRED THOUSAND AND NO/100 Dollars (U.S. $200,000.00) plus interest. Each Borrower who signed the <br />Note has promised to pay this debt in regular monthly payments and to pay the debt in full not later than July 1, 2054. <br />(F) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such Riders are <br />incorporated into and deemed to be a part of this Security Instrument. The following Riders are to be signed by <br />Borrower (check box as applicable): <br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider <br />❑ 1-4 Family Rider ❑ Planned Unit Development Rider <br />❑ Other(s) (specify) <br />(G) "Security Instrument" means this document, which is dated June 7, 2024, together with all Riders to this <br />document. <br />Additional Definitions <br />(H) "Applicable Law" means all controlling applicable federal, state, and local statutes, regulations, ordinances, and <br />administrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable judicial <br />opinions. <br />(I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments, and other charges <br />that are imposed on Borrower or the Property by a condominium association, homeowners association, or similar <br />organization. <br />(J) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this Security <br />Instrument on the date it is due; (ii) a breach of any representation, warranty, covenant, obligation, or agreement in this <br />Security Instrument; (iii) any materially false, misleading, or inaccurate information or statement to Lender provided <br />by Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent, or <br />failure to provide Lender with material information in connection with the Loan, as described in Section 8; or (iv) any <br />action or proceeding described in Section 12(e). <br />(K) "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check, draft, or <br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or <br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term <br />includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by <br />telephone or other electronic device capable of communicating with such financial institution, wire transfers, and <br />automated clearinghouse transfers. <br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 07/2021 <br />Page 2 of 18 <br />IDS, Inc. - 93193 Borrower(s) Initials Yfi <br />