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202405295
<br />LOAN #: 255548
<br />Lender is an Arizona Corporation, organized and existing
<br />under the laws of Arizona. Lender's address is 2055 E Centennial
<br />Circle, Tempe, AZ 85284.
<br />The term "Lender" includes any successors and assigns of Lender.
<br />(C) "Trustee" is FIRST AMERICAN TITLE INSURANCE COMPANY.
<br />Trustee's address is
<br />The term "Trustee" includes any substitute/successor Trustee.
<br />(D) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has
<br />an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />Documents
<br />(E) "Note" means the promissory note dated October 25, 2024, and signed by each Borrower
<br />who is legally obligated for the debt under that promissory note, that is in either (i) paper form, using
<br />Borrower's written pen and ink signature, or (ii) electronic form, using Borrower's adopted Electronic
<br />Signature in accordance with E-SIGN. The Note evidences the legal obligation of each Borrower who
<br />signed the Note to pay Lender TWO HUNDRED THIRTY THREE THOUSAND FIVE HUNDRED
<br />SIXTEEN AND NO/100****************************************************
<br />Dollars (U.S. $233,516.00 ) plus interest. Each Borrower who signed the Note has promised to pay
<br />this debt in regular monthly payments and to pay the debt in full not later than November 1, 2054.
<br />(F) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such Riders
<br />are incorporated into and deemed to be a part of this Security Instrument. The following Riders are to
<br />be signed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Planned Unit Development Rider
<br />❑ Other(s) [specify]
<br />(G) "Security Instrument" means this document, which is dated October 25, 2024, together with
<br />all Riders to this document.
<br />Additional Definitions
<br />(H) "Applicable Law" means all controlling applicable federal, state, and local statutes, regulations,
<br />ordinances, and administrative rules and orders (that have the effect of law) as well as all applicable
<br />final, non -appealable judicial opinions.
<br />(I) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments,
<br />and other charges that are imposed on Borrower or the Property by a condominium association, home-
<br />owners association, or similar organization.
<br />(J) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this
<br />Security Instrument on the date it is due; (ii) a breach of any representation, warranty, covenant, obligation,
<br />or agreement in this Security Instrument; (iii) any materially false, misleading, or inaccurate information
<br />or statement to Lender provided by Borrower or any persons or entities acting at Borrower's direction or
<br />with Borrower's knowledge or consent, or failure to provide Lender with material information in connection
<br />with the Loan, as described in Section 8; or (iv) any action or proceeding described in Section 11(e).
<br />(K) "Electronic Fund Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit
<br />an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone or other electronic device capable of communicating with
<br />such financial institution, wire transfers, and automated clearinghouse transfers.
<br />(L) "Electronic Signature" means an "Electronic Signature" as defined in E-SIGN.
<br />(M) "E-SIGN" means the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001
<br />et seq.), as it may be amended from time to time, or any applicable additional or successor legislation
<br />that governs the same subject matter.
<br />(N) "Escrow Items" means: (a) taxes and assessments and other items which can attain priority over
<br />this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground
<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 2 of 14 NEEFHA23DE 0823
<br />NEEDEED (CLS)
<br />10/23/2024 08:05 AM PST
<br />1111 P IDSW.117,11301DEVIefighlit 11111
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