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200301241 (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction Originated ay check, draft, or similar paper instrument, which Is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, Instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point all transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated caadnghouse transfers. (L) "Escrow Items" means those dams that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than Insurance proceeds paid under the coverages described n Section 5) for: (i) damage to, or destruction of, the Properly; (ii) condemnation or other taking of all or any part of the Properly; (iii) conveyance in lieu of condemnation; or ('v) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lander against the nonpayment of, or default on, the Loan. (0) "Periodic Payment" means the regularly scheduled amount due for (i) principel and Interest under the Note, plus (ii) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 52W1 at seq.) and Its hnplemoming regulation, Regulation X (24 C.F.R. Part =), as they might be amended from tune to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" raters to all requirements and resinctlons that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a " federally related mortgage loan" under RESPA. (Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the NOW andlor this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Seemly Instrument secures to Lender: u) the repayment of the Loan, and all renewals, saaansicns and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Nate. For this purpose, Borrower nowocably grants and conveys to Trustee, in must, with power of sea, the following described properly located in the County of _. Helm [Type of Recording Jurisdiction) IName al Recording Jurisdiction] Lot Seven (7), in Capital Heights Seventh Subdivision, Hall County, Nebraska. which currently has the address of 4227 Arizona Avenue — [Street] _ Grand Island _ , Nebraska 68803 ( "Property Address"): [City] [Zip Code] TOGETHER WITH all the improvements now or hereafter enacted on the property, and all easements, appurtenances, and irctures now or hereafter s part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered eacept for encumbrances of record Borrower warrants and will defend generally the tPoe to the Property against all claims and demands, subject to any encumbrances of record. NEBRASKA -sngi" Family Fannie MaelFroddle Mac UNIFORM INSTRUMENT Form 3'1/g1 t a= Flsses.Laa o +loot 15 -ABC -7