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202405103
<br />0 Second Home Rider
<br />(G) "Security Instrument" means this document, which is dated October 15, 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 that
<br />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; lii) 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 by
<br />Borrower or any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent, or failure
<br />to provide Lender with material information in connection with the Loan, as described in Section 8; or (iv) any action or
<br />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 magnetic
<br />tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is
<br />not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone or other
<br />electronic device capable of communicating with such financial institution, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E-SIGN, as applicable.
<br />(M) "E-SIGN" means the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 et seq.), as it
<br />may be amended from time to time, or any applicable additional or successor legislation that governs the same subject
<br />matter.
<br />(N) "Escrow Items" means: (i) taxes and assessments and other items that can attain priority over this Security
<br />Instrument as a lien or encumbrance on the Property; (ii) leasehold payments or ground rents on the Property, if any; (iii)
<br />premiums for any and all insurance required by Lender under Section 5; (iv) Mortgage Insurance premiums, if any, or
<br />any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with
<br />the provisions of Section 11; and (v) Community Association Dues, Fees, and Assessments if Lender requires that they
<br />be escrowed beginning at Loan 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, costs, expenses,
<br />and late 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 Payments and any
<br />other payments made by Borrower, and administers the Loan on behalf of Lender. Loan Servicer does not include a
<br />sub-servicer, which is an entity that may service the Loan on behalf of the Loan Servicer.
<br />(Q) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(R) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or Default on, the Loan.
<br />(S) "Partial Payment" means any payment by Borrower, other than a voluntary prepayment permitted under the Note,
<br />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 the Note, plus (ii)
<br />any amounts under Section 3.
<br />(U) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN THE PROPERTY."
<br />(V) "Rents" means all amounts received by or due Borrower in connection with the lease, use, and/or occupancy of
<br />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 implementing
<br />regulation, Regulation X (12 C.F.R. Part 1024), as they may be amended from time to time, or any additional or
<br />successor federal legislation or regulation that governs the same subject matter. When used in this Security
<br />Instrument, "RESPA" refers to all requirements and restrictions that would apply to a "federally related mortgage loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(X) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />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 Property is
<br />located, as it may be amended from time to time, or any applicable additional or successor legislation that governs the
<br />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 successors and assigns)
<br />and the successors and assigns of MERS. This Security Instrument secures to Lender (i) the repayment of the Loan, and
<br />all renewals, extensions, and modifications of the Note, and (ii) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
<br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 07/2021
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