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202500253
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Buyer or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or 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, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Seller against the nonpayment of, or default on, the
<br />Murabaha Debt.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) for Murabaha Debt payments under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et.seq.) and its implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan"
<br />even if the Murabaha Debt does not qualify as a "federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Buyer" means any party that has taken title to the Property, whether or not that party
<br />has assumed Buyer's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Seller: (i) the repayment of the Murabaha Debt, and all extensions and
<br />modifications of the Note; and (ii) the performance of Buyer's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the County of Hall:
<br />Please see attached legal descriptionwhich currently has the address of 2527 Stagecoach Road Grand Island, NE
<br />68801 ("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BUYER COVENANTS that Buyer is lawfully seised of the estate hereby conveyed and has the right to
<br />mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Buyer warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />Buyer and Seller covenant and agree as follows:
<br />1. Payment of Murabaha Debt, Escrow Items, and Late Charges. Buyer shall pay when due the
<br />Murabaha Debt evidenced by the Note and any charges due under the Note. Buyer shall also pay funds for Escrow
<br />Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S.
<br />currency. However, if any check or other instrument received by Seller as payment under the Note or this Security
<br />Instrument is returned to Seller unpaid, Seller may require that any or all subsequent payments due under the Note
<br />and this Security Instrument be made in one or more of the following forms, as selected by Seller: (a) cash; (b)
<br />money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn
<br />upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds
<br />Transfer.
<br />Payments are deemed received by Seller when received at the location designated in the Note or at such
<br />other location as may be designated by Seller in accordance with the notice provisions in Section 15. Seller may
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