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200305049
<br />(])Applicable Law means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(.)Community Association Dues, Fees, and Assessments means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(I)Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />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 third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N)Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0)Periodic Payment means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(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 regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this Security Instrument, RESPA refers to all requirements
<br />and restrictions that are imposed in regard to a federally related mortgage loan even if the Loan does not qualify as a
<br />federally related mortgage loan under RESPA.
<br />(Q)Successor in Interest of Borrower means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrowers obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrowers covenants and agreements under this Security Instrument and the Note. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County of HALL
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />LOT ONE (1) OF WESTROADS ESTATES THIRD SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />which currently has the address of
<br />GRAND ISLAND
<br />[City]
<br />3624 SCHROEDER AVE
<br />,Nebraska 68803 -6533
<br />[Zip Code]
<br />[Street]
<br />(Property Address):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the Property.
<br />NEBRASKA Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Fort]) 3028 1 /01
<br />GREATLAND
<br />ITEM 1915L2(0011) (Page 2of 11 pages) To Order Call: 1-800-530-9393Fax: 616-791-1131
<br />CCNE10 Mortgage Partner by Automated Mortgage Technologies
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