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202405810
<br />Documents
<br />(D) "Note" means the promissory note dated November 14, 2024 , and signed by each
<br />Borrower who is legally obligated for the debt under that promissory note, that is in either (i) paper
<br />form, using Borrower's written pen and ink signature, or (ii) electronic form, using Borrower's
<br />adopted Electronic Signature in accordance with the UETA or E-SIGN, as applicable. The Note
<br />evidences the legal obligation of each Borrower who signed the Note to pay Lender
<br />Seven Thousand Nine Hundred Fifty DOLLARS and Zero CENTS
<br />Dollars (U.S. $ 7,950.00 ) plus interest, if any. Each Borrower who signed the Note has
<br />promised to pay this debt in full, in accordance with the payment schedule set forth in the Note.
<br />Unless sooner paid or forgiven, the debt will be paid in full not later than December 1, 2034 .
<br />(E) "Riders" means all Riders to this Security Instrument that are signed by Borrower. All such
<br />Riders are incorporated into and deemed to be a part of this Security Instrument.
<br />(F) "Security Instrument" means this document, which is dated November 14, 2024
<br />together with all Riders to this document.
<br />Additional Definitions
<br />(G) "Applicable Law" means all controlling applicable federal, state, and local statutes,
<br />regulations, ordinances, and administrative rules and orders (that have the effect of law) as well as
<br />all applicable final, non -appealable judicial opinions.
<br />(H) "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,
<br />homeowners association, or similar organization.
<br />(I) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by
<br />this Security Instrument on or before the date it is due; (ii) a breach of any representation,
<br />warranty, covenant, obligation, or agreement in this Security Instrument; (iii) a breach of any
<br />representation, warranty, covenant, obligation, or agreement in the first lien security instrument
<br />that is secured by the Property; or (iv) any action or proceeding described in Section 7(e) ; or (v)
<br />Borrower's failure to use the Property as their primary residence.
<br />(J) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E-SIGN,
<br />as applicable.
<br />(K) "E-SIGN" means the Electronic Signatures in Global and National Commerce Act (15
<br />U.S.C. § 7001 et seg. ), as it may be amended from time to time, or any applicable additional or
<br />successor legislation that governs the same subject matter.
<br />(L) "Loan" means the debt obligation evidenced by the Note, plus interest, any prepayment
<br />charges, costs, expenses, and late charges due under the Note, and all sums due under this Security
<br />Instrument, plus interest.
<br />(M) "Loan Servicer" means the entity that has the contractual right to receive Borrower's
<br />Periodic Payments and any other payments made by Borrower, and administers the Loan on behalf
<br />of Lender. Loan Servicer does not include a sub-servicer, which is an entity that may service the
<br />Loan on behalf of the Loan Servicer.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
<br />proceeds paid by any third party (other than insurance proceeds paid under the coverages described
<br />in Section 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of
<br />all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for principal and interest (if
<br />any) under the Note.
<br />NEBRASKA SUBORDINATE DEED OF JRPSL
<br />Laser Forms Inc. #NIFA1161124 Initials: �� `L
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