|
N-1029 _d 2 —
<br />200407890
<br />(IQ "Community Association Does, Fees, and Asstustneots" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominiuru association, homcowncrs association or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is WdAted 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 m, point -of sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers .
<br />(M) "Escrow Item" means those items that are described in Section 3.
<br />('N) "Miscellaneous Proceeds" mesas 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 ill
<br />lieu of condemnatiou; or (iv) mismpresentadous of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means instance protecting Lender agaiust the norgwymem of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amaunt due for (1) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Rea) 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 lastrumext,
<br />"RESPA " refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MFRS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of M FRS. This Secority Intrument secures to Tinder: Q) the repayment of
<br />the Loan, and all renewals, extensions and modifications of the Note; and (il) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Notc. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />[Type of Recording Jurisdiction) (Name of Recording Jurisdiction)
<br />Sly L1ML >1ESMIPTION ATMCHED MMM AND MADE A PART HEREOF AS MIMBIT "A".
<br />A.F.N. #; 400215144
<br />which currently has the address of 3 615 BRONCO RD .
<br />15'-1
<br />GRAND ISLAND Nebraska 68801 ( "Property Address ");
<br />IcYyl [zip Code]
<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 Tncfrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling
<br />this Security instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbraw:es of record -
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non- utriform covenants with
<br />Bruited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />._.._ --- -- -------- ------
<br />NEBRASKA-- Single Famlly— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT - MERS D*VAfA0eeffwmza eon -649 -1352
<br />Form $028 1101 Page 2 of 10 wrww.doemagJc.awn
<br />Ill 18111IX111111UM11111019IMI1MI E1110INIMM11INIINIIN111
<br />M_/1
<br />
|