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202500501
<br />LOAN #: 002472556
<br />(8) "Lender" Is the Nebraska Investment Finance Authority. Lender is a body politic and corporate, not
<br />a state agency, but an independent instrumentality exercising essential public functions, organized and
<br />existing under the laws of Nebraska. Lender's address is Suite 200, 1230 0 Street, Lincoln, Nebraska
<br />68508-1402. Lender is the beneficiary under this Security Instrument. The term "Lender" includes any
<br />successors and assigns of Lender.
<br />(C) "Trustee" is U.S. Bank, National Association. Trustee's address is 9380 Excelsior Blvd. Hopkins,
<br />Minnesota, 55343. The term 'Trustee" includes any substitute/successor Trustee.
<br />Documents
<br />(D) "Note" means the promissory note dated January 28, 2025, and signed by each Borrower who
<br />is legally obligated for the debt under that promissory note, that is in either (i) paper form, using Borrower's
<br />written pen and ink signature, or (ii) electronic form, using Borrower's adopted Electronic Signature in
<br />accordance with the UETA or E-SIGN, as applicable. The Note evidences the legal obligation of each
<br />Borrower who signed the Note to pay Lender TEN THOUSAND SEVEN HUNDRED FIFTY AND
<br />NO/100 Dollars (U.S. $10,750.00 )
<br />plus interest, if any. Each Borrower who signed the Note has promised to pay this debt in full, in accor-
<br />dance with the payment schedule set forth in the Note. Unless sooner paid or forgiven, the debt will be
<br />paid in full no later than February 1, 2035.
<br />(E) "Riders" means any and 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 January 28, 2025, together with
<br />all Riders to this document.
<br />Additional Definitions
<br />(G) "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 />(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, home-
<br />owners association, or similar organization.
<br />(I) "Default" means: (i) the failure to pay any Periodic Payment or any other amount secured by this
<br />Security Instrument on or before the date it is due; (ii) a breach of any representation, warranty, cov-
<br />enant, obligation, or agreement in this Security Instrument; (iii) a breach of any representation, warranty,
<br />covenant, obligation, or agreement in the first lien security instrument that is secured by the Property;
<br />or (iv) any action or proceeding described in Section 7(e) ; or (v) Borrower's failure to use the Property
<br />as their primary residence.
<br />(J) "Electronic Signature" means an "Electronic Signature" as defined in the UETA or E-SIGN, as
<br />applicable.
<br />(K) "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 />(L) "Loan" means the debt obligation evidenced by the Note, plus any interest, prepayment charges,
<br />costs, expenses, and late charges due under the Note, and all sums due under this Security Instrument,
<br />plus any interest.
<br />(M) "Loan Servicer" means the entity that has the contractual right to receive Borrower's Periodic Pay-
<br />ments, If any, and any other payments made by Borrower, and administers the Loan on behalf of Lender.
<br />Loan Servicer does not include a sub-servicer, which is an entity that may service the Loan on behalf
<br />of the Loan Servicer.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds
<br />paid by any third party (other than insurance proceeds paid under the coverages described in Section 4)
<br />for: (I) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of
<br />the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to,
<br />the value and/or condition of the Property.
<br />(0) "Periodic Payment" means any regularly scheduled amount due for principal and interest (if any)
<br />under the Note.
<br />(P) "Property" means the property described below under the heading "TRANSFER OF RIGHTS IN
<br />THE PROPERTY."
<br />(0) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether
<br />or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />(R) "UETA" means the Uniform Electronic Transactions Act, as enacted by the jurisdiction in which the
<br />Property is located, as it may be amended from time to time, or any applicable additional or successor
<br />legislation that governs the same subject matter.
<br />NEBRASKA - Single Family - Freddie Mac/Fannie Mae STANDARDIZED SUBORDINATE DOCUMENT
<br />Form 3800.28 12/2023
<br />ICE Mortgage Technology, Inc. Page 2 of 9 11052SMANEDE 1124
<br />I1052SMANEDE (CLS)
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